WEC Energy Group, Inc. (WEC)
NYSE: WEC · IEX Real-Time Price · USD
82.12
+0.94 (1.16%)
Mar 28, 2024, 4:00 PM EDT - Market closed

WEC Energy Group Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for WEC Energy Group stock have an average target of 87.17, with a low estimate of 75 and a high estimate of 95. The average target predicts an increase of 6.15% from the current stock price of 82.12.

Analyst Consensus: Hold
Target Low Average Median High
Price $75 $87.17 $90 $95
Change -8.67% +6.15% +9.60% +15.68%
* Price targets were last updated on Feb 8, 2024.

Analyst Ratings

The average analyst rating for WEC stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 222222
Hold 777666
Sell 211233
Strong Sell 000000
Total 121111111212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Sell
Maintains
$79$75
Sell Maintains $79$75 -8.67% Feb 8, 2024
RBC Capital
RBC Capital
Hold
Maintains
$95$90
Hold Maintains $95$90 +9.60% Feb 8, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$93$91
Buy Maintains $93$91 +10.81% Feb 2, 2024
JP Morgan
JP Morgan
Sell
Downgrades
$90$84
Sell Downgrades $90$84 +2.29% Feb 2, 2024
Barclays
Barclays
Sell
Maintains
$82$79
Sell Maintains $82$79 -3.80% Jan 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
9.61B
from 8.89B
Increased by 8.01%
Revenue Next Year
9.97B
from 9.61B
Increased by 3.75%
EPS This Year
4.92
from 4.22
Increased by 16.55%
EPS Next Year
5.29
from 4.92
Increased by 7.51%
Year 201920202021202220232024202520262027
Revenue
7.52B7.24B8.32B9.60B8.89B9.61B9.97B10.34B11.06B
Revenue Growth
-2.04%-3.74%14.83%15.41%-7.34%8.01%3.75%3.78%6.94%
EPS
3.583.794.114.454.224.925.295.646.05
EPS Growth
7.19%5.87%8.44%8.27%-5.17%16.55%7.51%6.68%7.21%
No. Analysts -----1817136
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 10.4B 10.9B 11.4B 12.2B
Avg 9.6B 10.0B 10.3B 11.1B
Low 8.7B 9.1B 9.0B 10.2B

Revenue Growth

Revenue Growth 2024202520262027
High
17.4%
13.5%
14.6%
17.9%
Avg
8.0%
3.7%
3.8%
6.9%
Low
-2.1%
-5.2%
-9.5%
-1.8%

EPS Forecast

EPS 2024202520262027
High 5.15 5.53 5.92 6.37
Avg 4.92 5.29 5.64 6.05
Low 4.72 5.06 5.35 5.83

EPS Growth

EPS Growth 2024202520262027
High
22.1%
12.5%
11.9%
13.0%
Avg
16.5%
7.5%
6.7%
7.2%
Low
11.9%
2.8%
1.2%
3.4%
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.