Milwaukee, Wisconsin-based WEC Energy Group, Inc. (WEC) provides regulated natural gas and electricity, and renewable and nonregulated energy services in the United States. The company has a market cap of $34.3 billion and operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.
Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” WEC fits perfectly into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the regulated electric utilities industry.
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Despite its strength, shares of WEC Energy are down 12.3% from its 52-week high of $119.91, touched on July 7. Moreover, WEC has fallen 7.3% over the past three months and has underperformed the Dow Jones Industrial Average ($DOWI), which has grown 2.4% during the same period.
www.barchart.comZooming out a little further, the scenario remains the same. Over the past 52 weeks, WEC has declined 4.8%, lagging behind DOWI’s 14.4% gain.
WEC has been trading below its 200-day and 50-day moving averages since the end of July, indicating short-term bearish momentum.
www.barchart.comOn July 29, WEC stock fell 2% following the release of its mixed Q2 2026 earnings. The company’s revenue for the period amounted to $2.1 billion, which missed the Street’s estimates. However, its adjusted EPS came in at $0.91, topping the consensus estimates. Moreover, WEC Energy expects full-year earnings to be $5.51 to $5.61 per share. Despite the earnings beat, investor confidence was lost due to the company failing to live up to analyst estimates.
When stacked against its peer, Consolidated Edison, Inc. (ED), WEC has underperformed. Over the past year, ED stock has grown 8.4%.
Sentiment on WEC remains moderately optimistic. Among the 19 analysts covering the stock, the consensus rating is a “Moderate Buy.” Its mean price target of $121.31 suggests 15.3% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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