Scotiabank Lifts Earnings Estimates for WEC Energy Group

WEC Energy Group, Inc. (NYSE:WEC) – Equities researchers at Scotiabank increased their FY2026 EPS estimates for WEC Energy Group in a report issued on Monday, November 2nd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will earn $5.64 per share for the year, up from their prior estimate of $5.59. Scotiabank has a “Sector Outperform” rating and a $128.00 price objective on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.61 per share. Scotiabank also issued estimates for WEC Energy Group’s FY2027 earnings at $6.04 EPS.

WEC has been the subject of several other research reports. Weiss Ratings raised WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Barclays cut their price objective on shares of WEC Energy Group from $117.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. LADENBURG THALM/SH SH reduced their target price on shares of WEC Energy Group from $110.50 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, August 19th. BMO Capital Markets reissued a “market perform” rating and issued a $117.00 target price (down from $120.00) on shares of WEC Energy Group in a research report on Friday, October 16th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $118.00.

WEC Energy Group Price Performance

NYSE WEC opened at $118.14 on Thursday. The company has a 50 day simple moving average of $106.45 and a 200-day simple moving average of $111.58. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $38.87 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.38 and a beta of 0.43. WEC Energy Group has a 52-week low of $99.80 and a 52-week high of $119.91.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. WEC Energy Group had a net margin of 17.54% and a return on equity of 13.49%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $0.83 EPS. The company’s revenue was up 8.9% on a year-over-year basis.

Institutional Trading of WEC Energy Group

Large investors have recently modified their holdings of the company. Lido Advisors LLC raised its position in WEC Energy Group by 20.0% in the third quarter. Lido Advisors LLC now owns 25,251 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 4,206 shares in the last quarter. Csenge Advisory Group lifted its stake in WEC Energy Group by 4.1% during the third quarter. Csenge Advisory Group now owns 4,703 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 186 shares during the period. Welch & Forbes LLC acquired a new stake in WEC Energy Group during the third quarter valued at approximately $1,174,000. United Capital Management of KS Inc. boosted its holdings in WEC Energy Group by 3.7% during the third quarter. United Capital Management of KS Inc. now owns 44,231 shares of the utilities provider’s stock valued at $4,458,000 after purchasing an additional 1,591 shares in the last quarter. Finally, AlphaCore Capital LLC grew its stake in shares of WEC Energy Group by 24.2% in the 3rd quarter. AlphaCore Capital LLC now owns 34,837 shares of the utilities provider’s stock valued at $3,511,000 after purchasing an additional 6,781 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.9525 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.2%. WEC Energy Group’s dividend payout ratio (DPR) is currently 69.15%.

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.