FY2026 EPS Estimates for WEC Energy Group Raised by KeyCorp

WEC Energy Group, Inc. (NYSE:WEC) – Investment analysts at KeyCorp lifted their FY2026 earnings estimates for shares of WEC Energy Group in a research report issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $5.66 for the year, up from their previous forecast of $5.60. KeyCorp has an “Overweight” rating and a $111.00 price target on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.59 per share. KeyCorp also issued estimates for WEC Energy Group’s Q4 2026 earnings at $1.30 EPS, FY2028 earnings at $6.53 EPS, FY2029 earnings at $7.04 EPS and FY2030 earnings at $7.59 EPS.

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

Several other analysts also recently weighed in on WEC. Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Truist Financial lowered their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $120.90.

WEC Energy Group Trading Up 0.9%

WEC Energy Group stock opened at $105.86 on Wednesday. WEC Energy Group has a 52 week low of $99.80 and a 52 week high of $119.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The firm has a market capitalization of $34.49 billion, a PE ratio of 20.51, a PEG ratio of 2.16 and a beta of 0.45. The business’s 50-day simple moving average is $105.42 and its 200-day simple moving average is $111.02.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction dated 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 owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds have recently made changes to their positions in WEC. Physician Wealth Advisors Inc. boosted its holdings in WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $29,000. Paladin Partners LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $34,000. Finally, Addison Advisors LLC bought a new position in shares of WEC Energy Group during the 2nd quarter worth approximately $34,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group News Summary

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

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate for WEC Energy Group to $5.66 from $5.60, above the broader consensus estimate of $5.59. The firm also increased its forecasts for FY2028 EPS to $6.53, FY2029 EPS to $7.04 and FY2030 EPS to $7.59, signaling improved expectations for long-term earnings growth. KeyCorp retained its Overweight rating. KeyCorp WEC earnings estimates
• Positive Sentiment: WEC Energy Group has a consensus price target of $120.90, suggesting meaningful potential appreciation from the reference price of $105.86. This indicates that analysts overall remain more optimistic than the current market valuation. WEC Energy Group consensus price target
• Neutral Sentiment: KeyCorp reduced its WEC Energy Group price target to $111 from $117 while keeping the Overweight rating. The revised target still represents upside, but the cut reflects a more cautious near-term valuation view. KeyBanc WEC price target adjustment
• Negative Sentiment: KeyCorp lowered its Q4 2026 EPS forecast to $1.30 from $1.35. Although the estimate remains part of a broader positive long-term earnings outlook, the near-term reduction could weigh on investor sentiment and contribute to the stock’s decrease.

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.