Wells Fargo Remains a Buy on WEC Energy Group (WEC)
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on WEC Energy Group on May 15 and set a price target of $127.00. The company’s shares closed yesterday at $109.16.
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Pourreza covers the Utilities sector, focusing on stocks such as Sempra Energy, Eversource Energy, and Pinnacle West Capital. According to TipRanks, Pourreza has an average return of 7.5% and a 62.96% success rate on recommended stocks.
In addition to Wells Fargo, WEC Energy Group also received a Buy from Mizuho Securities’s Anthony Crowdell in a report issued on May 6. However, yesterday, Truist Financial maintained a Hold rating on WEC Energy Group (NYSE: WEC).
Based on WEC Energy Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.43 billion and a net profit of $804.7 million. In comparison, last year the company earned a revenue of $3.15 billion and had a net profit of $724.5 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEC in relation to earlier this year. Most recently, in February 2026, Ulice Payne, a Director at WEC sold 1,450.00 shares for a total of $166,155.50.
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