WEC Energy Group (NYSE:WEC) Releases Earnings Results, Beats Expectations By $0.21 EPS

WEC Energy Group (NYSE:WEC) posted its earnings results on Thursday. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21, FiscalAI reports. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share.

Here are the key takeaways from WEC Energy Group’s conference call:

• 2026 EPS guidance was raised and narrowed to $5.60–$5.64, compared with the prior range of $5.51–$5.61, following third-quarter EPS of $1.18 versus $0.83 a year earlier.
• WEC increased its 2027–2031 capital plan by $10 billion to $47.5 billion, driven largely by data-center demand from Microsoft, Oracle and other very large customers. Management expects 7%–9%+ long-term EPS growth and 6.5%–7% annual dividend growth.
• Forecast electric demand growth increased to 4.9 gigawatts through 2031, including 3.2 gigawatts in southeastern Wisconsin and 1.3 gigawatts tied to the Vantage/Oracle project, with additional upside possible beyond the forecast period.
• Management said the very large customer tariff, financial security requirements and long-term commitments are designed to protect other customers from subsidizing hyperscaler-related investments, while nearly 30% of total assets could ultimately support these customers.
• The growth plan remains dependent on regulatory approvals, including the transmission project serving the Oracle site and pending Wisconsin and Illinois rate cases. WEC also expects to raise $5 billion–$5.5 billion of common equity and $19 billion of incremental debt over five years, despite keeping equity needs roughly flat versus the prior plan.

WEC Energy Group Stock Up 3.6%

NYSE WEC traded up $3.96 during trading hours on Thursday, reaching $114.46. 6,529,770 shares of the company traded hands, compared to its average volume of 2,281,170. The stock has a market capitalization of $37.30 billion, a PE ratio of 22.18, a PEG ratio of 2.29 and a beta of 0.45. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 12 month low of $99.80 and a 12 month high of $119.91. The company has a 50 day moving average of $105.59 and a two-hundred day moving average of $111.33.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 13th. WEC Energy Group’s dividend payout ratio is 73.84%.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the transaction, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WEC. Stephens set a $109.00 target price on shares of WEC Energy Group in a research report on Friday, October 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $117.00 price target (down from $120.00) on shares of WEC Energy Group in a research note on Friday, October 16th. Royal Bank Of Canada cut their price objective on shares of WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating on the stock in a report on Monday. LADENBURG THALM/SH SH cut their price objective on shares of WEC Energy Group from $110.50 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, August 19th. Finally, The Goldman Sachs Group decreased their price objective on shares of WEC Energy Group from $110.00 to $107.00 in a research report on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.11.

Trending Headlines about WEC Energy Group

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: Quarterly earnings beat estimates: WEC reported third-quarter 2026 earnings of $1.18 per share, up from $0.83 a year earlier and above the roughly $0.97–$0.98 consensus estimate. Net income increased to $389.3 million from $271.3 million. WEC Energy Group reports third-quarter results
• Positive Sentiment: Revenue and operating performance improved: Revenue rose 8.9% year over year to $2.29 billion, exceeding the $2.27 billion forecast. Strong electricity demand, favorable weather and operating efficiencies supported the profit growth. WEC Q3 Earnings Beat Estimates on Strong Demand, Revenues Rise Y/Y
• Positive Sentiment: Full-year outlook raised: WEC boosted its fiscal 2026 EPS outlook, signaling management’s confidence that favorable operating trends can continue. WEC Energy Boosts FY26 EPS Outlook
• Positive Sentiment: Technical momentum also improved as the shares recently moved above their 200-day moving average, potentially attracting momentum-oriented investors. WEC Energy Group Share Price Breaks Above Two Hundred Day Moving Average
• Neutral Sentiment: RBC maintained a “sector perform” rating while lowering its price target from $124 to $122, suggesting limited near-term upside despite the earnings strength. Royal Bank of Canada analyst rating
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, reflecting a cautious view on valuation and future returns. HSBC initiates coverage of WEC Energy Group with hold

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.

WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.