Fintel reports that on January 2, 2025, Barclays upgraded their outlook for WEC Energy Group (NYSE:WEC) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 9.15% Upside
As of December 23, 2024, the average one-year price target for WEC Energy Group is $102.64/share. The forecasts range from a low of $80.30 to a high of $117.60. The average price target represents an increase of 9.15% from its latest reported closing price of $94.04 / share.
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The projected annual revenue for WEC Energy Group is 9,280MM, an increase of 8.75%. The projected annual non-GAAP EPS is 5.22, an increase of 4.84% from the prior forecast.
What is the Fund Sentiment?
There are 1,840 funds or institutions reporting positions in WEC Energy Group. This is an increase of 61 owner(s) or 3.43% in the last quarter. Average portfolio weight of all funds dedicated to WEC is 0.25%, an increase of 2.55%. Total shares owned by institutions increased in the last three months by 8.38% to 294,992K shares. 
The put/call ratio of WEC is 1.47, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,012K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 9,977K shares , representing an increase of 0.35%. The firm increased its portfolio allocation in WEC by 15.54% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,278K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 8,106K shares , representing an increase of 2.07%. The firm increased its portfolio allocation in WEC by 15.20% over the last quarter.
Geode Capital Management holds 7,953K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 7,847K shares , representing an increase of 1.33%. The firm decreased its portfolio allocation in WEC by 40.00% over the last quarter.
Wells Fargo holds 7,923K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 7,804K shares , representing an increase of 1.49%. The firm decreased its portfolio allocation in WEC by 61.25% over the last quarter.
Bank Of America holds 7,329K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 6,979K shares , representing an increase of 4.77%. The firm decreased its portfolio allocation in WEC by 69.62% over the last quarter.
WEC Energy Group Background Information
(This description is provided by the company.)
WEC Energy Group, based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest. WEC Energy Group is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.
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