WEC Energy Group, Inc. (WEC)

WEC Energy Group Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for WEC Energy Group stock have an average target of 96.4, with a low estimate of 84 and a high estimate of 110. The average target predicts an increase of 2.01% from the current stock price of 94.50.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$84	$96.4	$98	$110
Change	-11.11%	+2.01%	+3.70%	+16.40%

Analyst Ratings

The average analyst rating for WEC stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	1	1
Buy	3	3	3	3	3	3
Hold	6	6	6	5	5	4
Sell	3	3	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	13	13	12	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin-Smith B of A Securities	B of A Securities	Sell → Hold Upgrades $90 → $98	Sell → Hold	Upgrades	$90 → $98	+3.70%	Dec 12, 2024
Andrew Weisel Scotiabank	Scotiabank	Buy Maintains $103 → $110	Buy	Maintains	$103 → $110	+16.40%	Dec 9, 2024
Sophie Karp Keybanc	Keybanc	Buy Maintains $108 → $109	Buy	Maintains	$108 → $109	+15.34%	Dec 4, 2024
James Thalacker BMO Capital	BMO Capital	Hold Maintains $97 → $104	Hold	Maintains	$97 → $104	+10.05%	Dec 2, 2024
Sophie Karp Keybanc	Keybanc	Buy Maintains $103 → $108	Buy	Maintains	$103 → $108	+14.29%	Oct 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.14B

Increased by 2.81%

from 8.89B

Revenue Next Year

9.57B

Increased by 4.69%

from 9.14B

EPS This Year

4.91

Increased by 16.38%

from 4.22

EPS Next Year

5.27

Increased by 7.29%

from 4.91

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	7.52B	7.24B	8.32B	9.60B	8.89B	9.14B	9.57B	10.00B
Revenue Growth	-2.04%	-3.74%	14.83%	15.41%	-7.34%	2.81%	4.69%	4.44%
EPS	3.58	3.79	4.11	4.45	4.22	4.91	5.27	5.63
EPS Growth	7.19%	5.87%	8.44%	8.27%	-5.17%	16.38%	7.29%	6.92%
Forward PE	-	-	-	-	-	19.24	17.93	16.77
No. Analysts	-	-	-	-	-	20	20	18

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	9.8B	10.2B	10.8B
Avg	9.1B	9.6B	10.0B
Low	8.6B	8.7B	8.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	10.0%	11.7%	12.6%
Avg	2.8%	4.7%	4.4%
Low	-3.8%	-4.7%	-10.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	5.15	5.51	5.97
Avg	4.91	5.27	5.63
Low	4.74	5.05	5.29

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	21.9%	12.2%	13.4%
Avg	16.4%	7.3%	6.9%
Low	12.3%	2.8%	0.4%

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.