WEC Energy Group (NYSE:WEC) Posts Earnings Results, Beats Expectations By $0.11 EPS

WEC Energy Group (NYSE:WEC) posted its earnings results on Wednesday. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11, FiscalAI reports. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business 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 Price Performance

Shares of NYSE WEC traded down $1.01 during trading on Thursday, hitting $110.28. 179,442 shares of the company were exchanged, compared to its average volume of 2,116,024. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group has a 1 year low of $102.95 and a 1 year high of $119.91. The company has a market cap of $35.92 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.97 and a beta of 0.47. The firm’s fifty day moving average price is $113.97 and its 200 day moving average price is $113.71.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Analyst Upgrades and Downgrades

WEC has been the topic of several research analyst reports. Mizuho set a $124.00 price target on WEC Energy Group in a research report on Wednesday, May 6th. KeyCorp decreased their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Barclays lifted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.20.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new stake in WEC Energy Group during the fourth quarter worth $330,000. Financial Engines Advisors L.L.C. acquired a new position in shares of WEC Energy Group during the 4th quarter worth $328,000. Inspire Investing LLC boosted its position in shares of WEC Energy Group by 15.5% in the 4th quarter. Inspire Investing LLC now owns 3,108 shares of the utilities provider’s stock worth $328,000 after buying an additional 416 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new stake in WEC Energy Group in the 3rd quarter valued at about $315,000. Finally, HRT Financial LP purchased a new position in WEC Energy Group during the 4th quarter valued at about $304,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting WEC Energy Group

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

• Positive Sentiment: WEC reported second-quarter EPS of $0.91, up from $0.76 a year earlier and above the $0.80 analyst consensus. Net income increased nearly 22% to $299.2 million, while first-half EPS rose to $3.36 from $3.02. WEC Energy posts higher profit as data center demand grows
• Positive Sentiment: Growing electricity sales to data centers and other commercial and industrial customers helped offset rising costs, pointing to stronger load growth and potential long-term earnings support. WEC Energy Group Q2 2026 earnings call highlights
• Positive Sentiment: Management reaffirmed its 2026 earnings outlook and discussed a robust capital plan aimed at meeting rising electricity demand. A favorable view of Wisconsin’s data-center tariff structure could accelerate customer approvals and support higher-return contracts. Swapping Dominion for WEC Energy Group

WEC Energy Group Company Profile

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.