KeyCorp Equities Analysts Raise Earnings Estimates for WEC

WEC Energy Group, Inc. (NYSE:WEC) – Equities research analysts at KeyCorp increased their Q3 2026 EPS estimates for WEC Energy Group in a report released on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $1.00 per share for the quarter, up from their prior forecast of $0.89. KeyCorp has an “Overweight” rating and a $111.00 price objective on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.60 per share.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

Several other equities research analysts also recently weighed in on WEC. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday, August 4th. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. BMO Capital Markets cut their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $120.90.

WEC Energy Group Stock Up 0.8%

Shares of NYSE:WEC opened at $106.68 on Thursday. WEC Energy Group has a 1 year low of $99.80 and a 1 year high of $119.91. The business has a 50 day simple moving average of $105.39 and a two-hundred day simple moving average of $110.97. The firm has a market capitalization of $34.76 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.45. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39.

Institutional Trading of WEC Energy Group

Large investors have recently modified their holdings of the company. Rockland Trust Co. raised its position in WEC Energy Group by 3.0% during the 3rd quarter. Rockland Trust Co. now owns 123,801 shares of the utilities provider’s stock valued at $12,477,000 after purchasing an additional 3,593 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of WEC Energy Group by 20.0% in the 2nd quarter. QRG Capital Management Inc. now owns 27,374 shares of the utilities provider’s stock worth $3,196,000 after buying an additional 4,553 shares during the period. Envestnet Asset Management Inc. grew its position in shares of WEC Energy Group by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider’s stock worth $436,133,000 after buying an additional 111,057 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of WEC Energy Group by 2.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,461 shares of the utilities provider’s stock worth $2,389,000 after buying an additional 525 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of WEC Energy Group during the second quarter valued at $6,382,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

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

Key WEC Energy Group News

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

• Positive Sentiment: KeyCorp maintained an Overweight rating and raised its EPS forecasts for fiscal 2026, 2028, 2029 and 2030 to $5.66, $6.53, $7.04 and $7.59, respectively. The increases suggest the analyst still expects steady long-term earnings growth. MarketBeat WEC analyst estimates
• Positive Sentiment: WEC Energy Group has a consensus price target of approximately $120.90, meaning analysts collectively see material upside from the reported $106.68 reference price. WEC Energy consensus price target
• Positive Sentiment: A broader utility-stock review highlighted regulated utilities’ predictable dividends and coverage, factors that can support WEC’s appeal to income-oriented investors even as interest rates and electricity demand remain concerns. Utility stocks dividend and coverage analysis
• Neutral Sentiment: The earnings preview places attention on WEC’s forthcoming results, with investors likely focused on whether operating performance and management guidance support the company’s fiscal 2026 EPS guidance of $5.51–$5.61. WEC Energy earnings preview
• Negative Sentiment: KeyCorp lowered its fourth-quarter 2026 EPS estimate to $1.30 from $1.35, indicating somewhat softer near-term earnings expectations.
• Negative Sentiment: KeyCorp cut its WEC price target from $117 to $111. Although the firm retained its Overweight rating, the reduced target limits the immediately indicated upside and can pressure the stock.

About WEC Energy Group

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.