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

WEC Energy Group (NYSE:WEC) posted its quarterly earnings results on Thursday. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21, FiscalAI reports. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. WEC Energy Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $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

NYSE:WEC traded up $1.64 during mid-day trading on Friday, hitting $116.27. The company’s stock had a trading volume of 941,027 shares, compared to its average volume of 2,274,374. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $37.88 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.28 and a beta of 0.45. WEC Energy Group has a fifty-two week low of $99.80 and a fifty-two week high of $119.91. The stock has a fifty day moving average of $105.69 and a 200-day moving average of $111.38.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.9525 dividend. 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 payout ratio is 73.84%.

WEC Energy Group News Summary

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

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. WEC reported third-quarter net income of $389.3 million, or $1.18 per share, versus $271.3 million, or $0.83 per share, a year earlier. EPS beat analyst estimates of approximately $0.97-$0.98, while revenue rose 8.9% year over year to $2.29 billion, slightly ahead of expectations. Strong electricity demand, favorable weather and operating efficiencies supported the results. WEC Energy Group reports third-quarter results
• Positive Sentiment: Full-year 2026 earnings guidance was raised. The higher outlook signals management expects earnings momentum to continue and was a key catalyst for investor sentiment. WEC Energy Group raises earnings guidance for 2026
• Positive Sentiment: WEC outlined a $47.5 billion capital plan for 2027-2031 and is targeting annual EPS growth of 7% to more than 9%. The planned investment could expand the regulated utility base and support long-term earnings, although it will also require substantial financing. WEC capital plan and EPS growth targets
• Positive Sentiment: WEC is reportedly in discussions for a 400-megawatt data-center project, which could create additional long-term electricity demand if finalized. WEC data-center project talks
• Neutral Sentiment: HSBC initiated coverage with a Hold rating, suggesting the bank sees balanced upside and downside at current valuation levels. HSBC initiates coverage of WEC Energy Group
• Negative Sentiment: Royal Bank of Canada lowered its price target from $124 to $122 while maintaining a Sector Perform rating, indicating limited near-term conviction despite the earnings beat. Royal Bank of Canada WEC rating

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $130.00 price target on shares of WEC Energy Group in a research note on Friday. Jefferies Financial Group decreased their price target on WEC Energy Group from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Wednesday, October 21st. HSBC began coverage on shares of WEC Energy Group in a report on Thursday, October 22nd. They issued a “hold” rating and a $106.50 target price for the company. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Royal Bank Of Canada cut their price target on shares of WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating on the stock in a report on Monday. Eight 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. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and an average target price of $117.28.

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.