WEC Energy Group (NYSE:WEC) Announces Quarterly Earnings Results

WEC Energy Group (NYSE:WEC) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11, FiscalAI reports. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. WEC Energy Group updated its FY 2026 guidance to 5.510-5.610 EPS.

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

• Second-quarter EPS rose to $0.91, up $0.15 year over year, supported by rate-base growth, transmission investment and higher energy-infrastructure earnings. Management reaffirmed 2026 EPS guidance of $5.51-$5.61, assuming normal weather.
• Data-center demand continues to expand, with Microsoft’s first facility operational and Vantage/Oracle construction progressing. WEC is forecasting 2.6 gigawatts of regional demand from Microsoft and 1.3 gigawatts from Vantage over the next five years, supporting its $37.5 billion five-year capital plan.
• WEC said the Port Washington project remains on time and on budget, while Oracle works to provide credit support required under the very large customer tariff. Management believes the project would remain viable for another hyperscaler in a worst-case scenario, although Oracle’s legal challenge and collateral requirements remain areas to monitor.
• The company expects to issue approximately $1.1 billion of common equity in 2026 and plans to fund 50% of any incremental capital with equity, creating potential dilution as data-center, transmission and generation opportunities expand.
• Wisconsin and Illinois rate cases are expected to be resolved by year-end, with Wisconsin decisions targeted for new rates in 2027 and 2028. Execution of Illinois’s PIPE retirement program is progressing, but labor constraints have slowed the 2026 ramp-up.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $0.33 during trading on Friday, reaching $109.72. 330,726 shares of the company’s stock traded hands, compared to its average volume of 2,117,817. The stock has a market capitalization of $35.74 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47. WEC Energy Group has a 12 month low of $102.95 and a 12 month high of $119.91. The company has a 50 day moving average of $113.93 and a 200-day moving average of $113.74. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.54.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is 73.84%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. KeyCorp dropped their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Barclays lifted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.20.

Key Headlines Impacting WEC Energy Group

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

• Positive Sentiment: WEC reported second-quarter 2026 earnings of $0.91 per share, ahead of the $0.80 consensus estimate and up from $0.76 a year earlier. Net profit rose nearly 22%, supported by higher electricity sales to commercial and industrial customers, including data centers. WEC Energy posts higher profit as data center demand grows
• Positive Sentiment: Management reaffirmed 2026 adjusted earnings guidance of $5.51 to $5.61 per share and highlighted rate-base growth, infrastructure investment and a roughly $37.5 billion capital plan. These investments could expand regulated earnings over time. WEC Q2 Earnings Surpass on Rate Base Growth, Revenues Rise Year Over Year
• Positive Sentiment: Company executives said additional data centers may be developed in Wisconsin, potentially creating further power-demand growth and supporting future utility investment. WEC Energy says more data centers may be coming to Wisconsin
• Neutral Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, indicating constructive but not unanimously bullish analyst sentiment. WEC Energy receives consensus recommendation of Moderate Buy
• Negative Sentiment: Revenue of approximately $2.06 billion was below the $2.11 billion consensus forecast. Investors also viewed the reaffirmed outlook as less encouraging than a guidance increase, limiting the benefit of the EPS beat. WEC Energy beats earnings forecast but revenue miss and outlook weigh on shares

Insider Buying and Selling

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the second quarter valued at about $27,000. DV Equities LLC acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $48,000. Birchwood Financial Partners Inc. acquired a new stake in WEC Energy Group in the 4th quarter worth $49,000. Litman Gregory Wealth Management LLC bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $49,000. Finally, Loomis Sayles & Co. L P lifted its position in WEC Energy Group by 17.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 770 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.