KeyCorp Has Lowered Expectations for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its target price lowered by equities research analysts at KeyCorp from $126.00 to $117.00 in a report issued on Thursday, MarketBeat reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 1.02% from the stock’s current price. KeyCorp also issued estimates for WEC Energy Group’s Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $1.43 EPS, FY2028 earnings at $6.47 EPS and FY2029 earnings at $6.97 EPS.

WEC has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. BMO Capital Markets lowered their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Barclays upped their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.20.

WEC Energy Group Trading Up 1.0%

NYSE:WEC opened at $115.82 on Thursday. WEC Energy Group has a 52 week low of $102.95 and a 52 week high of $119.91. The firm has a 50 day moving average of $113.83 and a 200 day moving average of $113.49. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.99 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the firm earned $2.27 earnings per share. WEC Energy Group’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts anticipate that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of WEC Energy Group

Several large investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its holdings in WEC Energy Group by 26.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 529,319 shares of the utilities provider’s stock valued at $55,822,000 after purchasing an additional 109,745 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of WEC Energy Group during the 4th quarter valued at about $5,363,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of WEC Energy Group by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after buying an additional 10,606 shares during the period. BLB&B Advisors LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $6,096,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of WEC Energy Group by 195.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after buying an additional 318,846 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting WEC Energy Group

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: KeyCorp maintained an Overweight rating on WEC Energy Group (NYSE:WEC) and kept its price target at $117, indicating analysts still see upside potential.
• Positive Sentiment: KeyCorp raised its longer-term earnings estimates slightly, including FY2028 EPS to $6.47 and FY2029 EPS to $6.97, which may support valuation expectations.
• Neutral Sentiment: BMO Capital reiterated a Hold rating on WEC Energy Group, suggesting a mixed near-term outlook and limiting the stock’s upside enthusiasm. BMO Capital Sticks to Its Hold Rating for WEC Energy Group (WEC)
• Neutral Sentiment: KeyCorp’s near-term EPS estimates for Q2, Q3, and Q4 2026 were provided without a major surprise, so they are more of a confirmation of current expectations than a fresh catalyst.
• Negative Sentiment: KeyCorp lowered its price target from $126 to $117, reflecting a less aggressive view of the stock’s near-term appreciation.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.