WEC Energy Group, Inc. (WEC)
NYSE: WEC · IEX Real-Time Price · USD
81.55
-0.50 (-0.61%)
At close: Jul 19, 2024, 4:00 PM
81.67
+0.12 (0.15%)
After-hours: Jul 20, 2024, 12:57 PM EDT
WEC Energy Group Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for WEC Energy Group stock have an average target of 86.62, with a low estimate of 75 and a high estimate of 96. The average target predicts an increase of 6.22% from the current stock price of 81.55.
Analyst Consensus: Hold
* Price targets were last updated on May 2, 2024.
Analyst Ratings
The average analyst rating for WEC stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Hold | 6 | 6 | 7 | 7 | 7 | 6 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 14 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $89 → $90 | Hold | Maintains | $89 → $90 | +10.36% | May 2, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $96 → $90 | Buy | Maintains | $96 → $90 | +10.36% | Apr 22, 2024 |
| Keybanc | Keybanc | Buy Maintains $95 → $96 | Buy | Maintains | $95 → $96 | +17.72% | Apr 19, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $88 | Hold | Initiates | $88 | +7.91% | Apr 10, 2024 |
| Barclays | Barclays | Sell Maintains $79 → $75 | Sell | Maintains | $79 → $75 | -8.03% | Feb 8, 2024 |
Financial Forecast
Revenue This Year
9.18B
from 8.89B
Increased by 3.25%
Revenue Next Year
9.60B
from 9.18B
Increased by 4.57%
EPS This Year
4.94
from 4.22
Increased by 16.99%
EPS Next Year
5.31
from 4.94
Increased by 7.46%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.8B | 10.4B | 10.7B | 11.3B | 12.5B |
| Avg | 9.2B | 9.6B | 10.0B | 10.7B | 11.5B |
| Low | 8.6B | 9.0B | 8.9B | 10.4B | 10.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.3% | 12.8% | 11.2% | 12.1% | 16.0% |
| Avg | 3.2% | 4.6% | 4.6% | 7.0% | 7.0% |
| Low | -2.8% | -2.3% | -7.6% | 3.1% | 1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.16 | 5.79 | 5.89 | 6.39 | 6.87 |
| Avg | 4.94 | 5.31 | 5.63 | 6.03 | 6.44 |
| Low | 4.76 | 5.06 | 5.40 | 5.76 | 6.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.2% | 17.2% | 11.0% | 13.5% | 13.8% |
| Avg | 17.0% | 7.5% | 6.2% | 7.1% | 6.8% |
| Low | 12.9% | 2.4% | 1.7% | 2.3% | 1.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.