Street Calls of the Week
Investing.com - BTIG initiated coverage on WEC Energy Group (NYSE:WEC) with a Buy rating and a price target of $136.00 on Wednesday. The stock, which has gained over 27% year-to-date, is currently trading near its 52-week high of $118.09.
The research firm cited WEC’s diversified demand growth as "constructive and supportive of a robust capital plan" for the Midwestern utility holding company.
WEC Energy Group operates subsidiaries engaged in electric and natural gas utility activities across multiple Midwestern states.
BTIG highlighted the company’s track record of success and operations in supportive regulatory environments as key factors that position WEC well to capitalize on growth opportunities.
The $136 price target represents potential upside for the utility, which owns operating subsidiaries providing essential energy services throughout the Midwest region.
In other recent news, WEC Energy Group reported impressive second-quarter 2025 earnings, with earnings per share (EPS) of $0.76, surpassing the consensus estimate of $0.71. The company’s revenue also exceeded expectations, totaling $2.01 billion against a forecast of $1.88 billion. This strong performance in the Utility segment has led Mizuho to raise its price target for WEC Energy Group to $117, while maintaining an Outperform rating. Additionally, BMO Capital has increased its price target for the company to $120, anticipating a potential raise in the EPS growth rate forecast during the upcoming third-quarter earnings call on October 30, 2025.
Ladenburg Thalmann has upgraded WEC Energy Group’s stock rating to Buy, driven by growing demand from artificial intelligence and data centers. The firm has also raised its EPS estimates for the years 2026 through 2028, indicating confidence in the company’s growth prospects. KeyBanc has reiterated its Overweight rating and maintained a $110 price target after hosting WEC’s management for investor meetings, which focused on data centers and future growth opportunities. These developments highlight a positive outlook for WEC Energy Group, with analysts expressing optimism about the company’s future performance.
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