Keybanc Cuts WEC Energy (WEC) Price Target to $111

Keybanc has lowered its price target for WEC Energy Group while maintaining an Overweight rating, a 2.61% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:14 PM EDT

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Keybanc cut its price target on WEC Energy Group, Inc. ($WEC) to $111 from $117 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $WEC is up 2.7% to date (from the $105.87 close on Oct 13, 2026).

WEC WEC Energy Group, Inc.

$108.71 +4.75% year to date

Daily close · Oct 16, 2026

Key Points

Keybanc has reiterated its Overweight rating on WEC Energy Group with a new price target of $111, down from $117, as of October 13, 2026.
Keybanc's $111 price target implies 2.61% upside from WEC Energy Group, Inc.'s ($WEC) current $108.18 share price.
As of October 16, 2026, WEC Energy's stock was recently trading around $108.18, which is about 2.5% below the new analyst target.
WEC Energy has a dividend rate of $3.81, yielding approximately 3.5%, with earnings scheduled to be reported on October 29, 2026.

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Keybanc has reiterated its Overweight rating on WEC Energy Group, Inc. (NYSE: WEC) and updated its price target to $111 from $117 on October 13, 2026. This adjustment reflects a slight decrease in the firm's expectations for the company while maintaining a positive outlook.

Keybanc's Call on WEC Energy Group

Keybanc's latest rating indicates its confidence in WEC Energy's potential despite lowering the target. The new target price suggests that analysts still see upside potential from the current trading levels.

Other Institutional Activity in WEC Energy Group

Several institutional investors have been active in WEC Energy recently. Blackrock Inc. grew its holdings by 271,012 shares, reaching a total of 33,321,277 shares worth about $3.62 billion. Vanguard Capital Management LLC added 107,851 shares, totaling 21,255,153 shares valued at approximately $2.31 billion. However, State Street Corporation trimmed its position, selling 148,699 shares, leaving it with 21,094,044 shares worth about $2.29 billion.

WEC Energy Group, Inc. Stock Up 2.0%

As of October 16, 2026, WEC Energy's stock was recently trading around $108.18. This price is approximately 2.5% below the new analyst target of $111, which suggests there may be room for growth if the stock aligns with analysts' expectations. The company has a beta of 0.457, indicating lower volatility compared to the market.

12-month forecast

$WEC price target

WEC Energy Group, Inc. daily closes and this analyst's $111 target. Not advice.

Recent Earnings

For the trailing twelve months, WEC Energy reported revenue of approximately $10.14 billion and an earnings per share (EPS) of $5.15. The company has a net margin of 16.7% and a return on equity (ROE) of 12.0%. The next earnings report is scheduled for October 29, 2026, which will provide further insights into the company's performance.

Insider Buying and Selling at WEC Energy Group, Inc.

Recent insider transactions show that Director Gale E. Klappa sold 3,180 shares on February 23, 2026, at an average price of $115.44, totaling about $367,099. Another Director, Ulice Payne Jr., sold 1,450 shares on February 24, 2026, for approximately $166,166. Additionally, on May 19, 2026, Officer Daniel P. Krueger sold 4,665 shares, with a total value of about $517,624. These transactions were made prior to the latest analyst rating.

Analysts Set New Price Targets

In addition to Keybanc's recent call, other firms have also provided insights into WEC Energy. On July 16, 2026, JP Morgan maintained a Neutral rating with a price target of $124, while BMO Capital kept a Market Perform rating with a target of $117. Truist Securities maintained a Hold rating with a target of $114. The consensus among analysts indicates a cautious approach towards the stock as it approaches its next earnings report.

About WEC Energy Group

WEC Energy Group, Inc. is a utility company based in Milwaukee, WI, that provides regulated natural gas and electricity, as well as renewable energy services across the United States. The company operates through various segments, including Wisconsin, Illinois, and other states, focusing on both regulated and non-regulated energy markets.

Bottom Line

Investors will be watching WEC Energy closely as the company prepares to report its earnings on October 29, 2026. With the recent price target adjustment by Keybanc, the market will be attentive to how the company's results align with analyst expectations.