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Research Alert: CFRA Maintains Hold Opinion On Shares Of Wec Energy Group, Inc.

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $2 to $124, based on 21.8x our next-12-month EPS estimate of $5.67, near multi-utilities peers and above WEC's three-year (20.1x) and five-year (21.2x) forward averages. We lift our 2026 EPS view by $0.01 to $5.60 and trim 2027 EPS by $0.02 to $6.00. WEC posted solid Q1 results, with adjusted EPS up 7.9% Y/Y, beating consensus by 6.5%, while revenue grew 9.0% to $3.43B (+0.5% vs. consensus) due to higher rates and modest volume growth. 2026 guidance was reaffirmed and long-term guidance remained unchanged. WEC anticipates electric sales growth to accelerate around 2027, with support from new data centers, manufacturing facilities, and other large load customers. On a compound annual basis from 2025 to 2028, we anticipate EPS and dividend growth at roughly 7.3% and 6.8% CAGRs, respectively, both highly competitive with peers. We remain at Hold, as we think WEC's valuation incorporates its competitive near-term EPS and dividend growth potential, leaving less near-term upside.

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