WEC Energy Group, Inc. is a major energy provider in the U.S., serving millions across the Midwest. With a market cap of $35.39 billion, their stock has outperformed the S&P 500 and Utilities Select Sector SPDR Fund. Strong financial results led to a 52-week high of $111.90 on Aug. 5.
Second-quarter results saw WEC Energy’s revenue increase by 13.4% YOY to $2.01 billion, with an EPS of $0.76, surpassing expectations. Analysts forecast a 7.2% YOY EPS growth to $5.23 for 2025. Wall Street’s consensus on the stock is currently a “Hold.”
Recent ratings show a more bearish outlook, with a shift from a “Moderate Buy” to a “Hold.” UBS maintained a “Neutral” rating with a price target increase, while Goldman Sachs downgraded the stock to “Sell.” The mean price target is $110.35, with a Street-high of $124 suggesting a 12.8% potential upside.
Read more at Yahoo Finance: Do Wall Street Analysts Like WEC Energy Stock?