WEC Energy Group (NYSE:WEC) Issues Quarterly Earnings Results, Beats Estimates By $0.21 EPS

WEC Energy Group (NYSE:WEC) issued its earnings results on Thursday. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21, FiscalAI reports. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate 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 was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS.

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 Price Performance

WEC traded up $3.96 on Thursday, hitting $114.46. 6,533,637 shares of the company’s stock traded hands, compared to its average volume of 2,281,573. The company’s 50 day simple moving average is $105.59 and its 200-day simple moving average is $111.33. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.29 and a beta of 0.45. WEC Energy Group has a one year low of $99.80 and a one year high of $119.91. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 13th. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

Insiders Place Their Bets

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

More WEC Energy Group News

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

• Positive Sentiment: WEC reported third-quarter earnings of $1.18 per share, well above the $0.97–$0.98 analyst consensus and up from $0.83 a year earlier. Net income rose to $389.3 million from $271.3 million, helped by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Revenue increased 8.9% year over year to approximately $2.29 billion, exceeding the roughly $2.27 billion consensus estimate. The combination of stronger sales and cost efficiencies supports the investment case for continued earnings growth. WEC Q3 Earnings Beat Estimates on Strong Demand, Revenues Rise Year over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook, reinforcing confidence that the favorable operating trends can continue beyond the third quarter. WEC Energy Boosts FY26 EPS Outlook
• Positive Sentiment: The stock recently moved above its 200-day moving average, adding technical momentum to the fundamentally positive earnings reaction. WEC Energy Group Share Price Breaks Above Two Hundred Day Moving Average
• Neutral Sentiment: Royal Bank of Canada maintained a “sector perform” rating while reducing its price target to $122 from $124, indicating limited near-term enthusiasm despite continued potential upside. Royal Bank of Canada WEC rating
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, reflecting a more cautious view of valuation and future returns. HSBC initiates coverage of WEC Energy Group

Analyst Ratings Changes

A number of brokerages have recently issued reports on WEC. Jefferies Financial Group lowered their price target on WEC Energy Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Wednesday, October 21st. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. JPMorgan Chase & Co. decreased their target price on WEC Energy Group from $121.00 to $116.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. 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, Truist Financial lowered their target price on shares of WEC Energy Group from $114.00 to $113.00 and set a “hold” rating on the stock in a research note on Friday, October 16th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.11.

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.