WEC reported a remarkable first-quarter revenue of $3.1 billion, surpassing analysts' expectations of $2.81 billion. The impressive results are attributed to ongoing economic expansion in the company's service areas and a dedicated emphasis on operational excellence. Leadership remains committed to maintaining key business strategies, including enhancing customer satisfaction, optimizing financial outcomes, and consistently implementing their capital plan.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for WEC Energy Group Inc (WEC, Financial) is $105.24 with a high estimate of $115.00 and a low estimate of $95.50. The average target implies an downside of 3.19% from the current price of $108.70. More detailed estimate data can be found on the WEC Energy Group Inc (WEC) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, WEC Energy Group Inc's (WEC, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WEC Energy Group Inc (WEC, Financial) in one year is $95.73, suggesting a downside of 11.93% from the current price of $108.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WEC Energy Group Inc (WEC) Summary page.
