KeyCorp Cuts WEC Energy Group (NYSE:WEC) Price Target to $117.00

WEC Energy Group (NYSE:WEC) had its price target trimmed by KeyCorp from $126.00 to $117.00 in a report released on Thursday, Marketbeat.com reports. The firm currently has an overweight rating on the utilities provider’s stock. 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.

Several other brokerages have also issued reports on WEC. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Truist Financial lifted their price target on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.20.

WEC Energy Group Trading Up 1.0%

Shares of WEC opened at $115.82 on Thursday. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a market capitalization of $37.73 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.00 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The firm’s 50 day simple moving average is $113.83 and its 200 day simple moving average is $113.49.

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

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction 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 $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares during the period. Geode Capital Management LLC increased its stake in WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after purchasing an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. increased its stake in WEC Energy Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after purchasing an additional 52,467 shares during the period. Northern Trust Corp lifted its position in WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after purchasing an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after purchasing an additional 2,136,542 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

More WEC Energy Group News

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.