WEC Energy Group Inc. ($WEC) Stock Forecast: Down 1.8% Today

What is WEC Energy Group Inc.?

WEC Energy Group (NYSE: WEC) is a leading utility company in the Midwest, focusing on providing energy services to its customers. The company is seeing notable growth driven by the rising demand from data centers in its service region.

Why is WEC Energy Group Inc. going down?

WEC stock is down 1.8% on Feb 6, 2026 16:12

• Despite a significant downward movement in WEC's stock today, analysts have maintained a Sector Outperform rating for the company. They emphasize the strong growth potential and consistent history of surpassing earnings expectations.
• The company's newly updated capital expenditure plan of $37.5 billion until 2030 and the projected annual earnings per share growth of 7-8% indicate WEC's dedication to seizing opportunities in the expanding data center market.
• The neutral "Hold" recommendation from analysts could be a contributing factor to the stock's decline, possibly suggesting investor wariness about the company's future performance despite positive growth prospects.
• Although WEC reported better-than-expected Q4 earnings and raised its quarterly dividend, a drop in year-over-year revenue might be influencing the negative market sentiment observed today.

WEC Price Chart

WEC Technical Analysis

WEC News

WEC Energy stock rating reiterated at Sector Outperform by Scotiabank

Scotiabank has reiterated its Sector Outperform rating for WEC Energy Group (NYSE:WEC), setting a price target of $140.00 due to strong growth prospects driven by increasing data center demand. The company has a consistent track record of exceeding earnings guidance, surpassing original EPS midpoints for 22 consecutive years, and analysts are confident in its growth outlook despite regulatory concerns. This reaffirmation comes even with a recent Q4 EPS miss, highlighting confidence in WEC's long-term performance and attractive risk-adjusted growth profile.

https://www.investing.com/news/analyst-ratings/wec-energy-stock-rating-reiterated-at-sector-outperform-by-scotiabank-93CH-4490506

WEC Energy outlines $37.5B capital plan and 7-8% annual EPS growth through 2030 as data center demand surges

WEC Energy Group has announced an updated capital expenditure plan of $37.5 billion through 2030, an increase of $5.5 billion from its previous forecast. This expanded investment is driven by significant data center demand in its service area, which is projected to add 5-7 gigawatts of new load this decade. The company anticipates delivering 7-8% annual earnings per share growth through 2030, with a target dividend payout ratio of 65-70%.

https://www.msn.com/en-us/money/companies/wec-energy-outlines-37-5b-capital-plan-and-7-8-annual-eps-growth-through-2030-as-data-center-demand-surges/ar-AA1VLCfn

WEC Energy Group, Inc. (NYSE:WEC) Given Average Recommendation of "Hold" by Analysts

WEC Energy Group (NYSE:WEC) has received an average "Hold" recommendation from analysts, with a consensus 1-year price target of $120.33 based on ratings from 16 firms. The company recently beat Q4 earnings estimates with $1.42 EPS and $2.54 billion revenue, though revenue declined 8.8% year-over-year. WEC also increased its quarterly dividend to $0.9525, representing an annualized yield of approximately 3.4% and a payout ratio of 72.02%.

https://www.marketbeat.com/instant-alerts/wec-energy-group-inc-nysewec-given-average-recommendation-of-hold-by-analysts-2026-02-06/

WEC Eyes Wisconsin as a Prime Spot for Data Center Development

WEC Energy Group, the largest utility in the Midwest, sees Wisconsin as a prime location for data center development. The article highlights the company's business strategy and outlook, emphasizing its $31 billion rate base primarily from regulated operations. This perspective comes after recent reports indicated accelerating capital investment, supporting a guidance raise and an increase in fair value for WEC.

https://www.morningstar.com/company-reports/1424851-wec-eyes-wisconsin-as-a-prime-spot-for-data-center-development

WEC Energy Group, Inc. (NYSE:WEC) Q4 2025 earnings call transcript

This is an earnings call transcript for WEC Energy Group (NYSE:WEC) for the fourth quarter of 2025. It details the company's financial performance and operational updates as discussed by its management during the call.

https://www.msn.com/en-us/money/companies/wec-energy-group-inc-nyse-wec-q4-2025-earnings-call-transcript/ar-AA1VOJdE?ocid=finance-verthp-feeds

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WEC Energy Group Inc. Price History

06.01.2026 - WEC Stock was down 1.8%

• Despite a significant downward movement in WEC's stock today, analysts have maintained a Sector Outperform rating for the company. They emphasize the strong growth potential and consistent history of surpassing earnings expectations.
• The company's newly updated capital expenditure plan of $37.5 billion until 2030 and the projected annual earnings per share growth of 7-8% indicate WEC's dedication to seizing opportunities in the expanding data center market.
• The neutral "Hold" recommendation from analysts could be a contributing factor to the stock's decline, possibly suggesting investor wariness about the company's future performance despite positive growth prospects.
• Although WEC reported better-than-expected Q4 earnings and raised its quarterly dividend, a drop in year-over-year revenue might be influencing the negative market sentiment observed today.

02.09.2023 - WEC Stock was down 5.3%

• The bearish movement in WEC stock today could be attributed to the comparison article between WEC and Pampa Energia, which may have raised concerns among investors about the stock's value.
• Additionally, the initiation of coverage by RBC Capital Markets with a Sector Perform rating and a price target of $95 might have influenced the market sentiment negatively, as it did not provide a more bullish outlook for the stock.
• The analyst's mention of growth opportunities in Wisconsin related to electrification and decarbonization could have been overshadowed by other factors, leading to the bearish movement.
• In summary, the bearish movement in WEC stock today could be due to concerns about its value compared to another stock and the lack of a more bullish outlook from an analyst's coverage initiation.

02.01.2026 - WEC Stock was down 0.8%

• An entity reducing its stake in WEC Energy Group by 2.4% may have signaled a lack of confidence in the company's future performance, contributing to the bearish market movement.
• Despite another entity increasing its stake in WEC Energy Group by a significant percentage, the overall market sentiment may have been influenced more by the reduction in stake by the first entity.
• The upcoming announcement of WEC Energy Group's fourth-quarter and year-end financial results on February 5 may have led to investor caution and profit-taking ahead of the release, impacting the stock's performance negatively.
• While expectations of WEC Energy Group beating earnings estimates were high, the market may have reacted bearishly due to concerns about the sustainability of future dividend payments, especially in comparison to other companies with larger dividend yields.

02.00.2026 - WEC Stock was up 1.0%

• Notable institutional shifts in WEC Energy Group's ownership did not hinder a positive stock performance.
• WEC Energy Group's decision to raise its quarterly dividend to $0.9525, resulting in a 3.6% yield, likely drew the interest of new investors such as Cushing Asset Management LP.
• Despite a lowering of the price target by BofA Securities to $116 from $122 due to concerns over project timelines and regulatory issues, investor sentiment towards WEC Energy Group remained optimistic.
• Analysts' "Hold" consensus rating and an average price target of $120.64 suggest a steady stock outlook, reflecting stability amid adjustments in institutional assessments.