WEC Energy Group (NYSE:WEC) Posts Earnings Results, Beats Estimates By $0.03 EPS

WEC Energy Group (NYSE:WEC) released its earnings results on Thursday. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03, FiscalAI reports. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $1.43 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group updated its FY 2026 guidance to 5.510-5.610 EPS.

WEC Energy Group Price Performance

WEC Energy Group stock traded up $0.49 during midday trading on Thursday, reaching $113.82. 1,007,101 shares of the stock traded hands, compared to its average volume of 2,249,838. The stock has a market cap of $37.02 billion, a P/E ratio of 21.51, a PEG ratio of 2.65 and a beta of 0.58. The stock’s fifty day moving average is $107.08 and its 200-day moving average is $109.69. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. WEC Energy Group has a 12 month low of $99.89 and a 12 month high of $118.18.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 67.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Bank of America cut their price target on WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, December 31st. Jefferies Financial Group decreased their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. KeyCorp reaffirmed an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. Finally, TD Cowen initiated coverage on WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $120.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Freestone Grove Partners LP increased its position in WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after purchasing an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of WEC Energy Group by 324.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after buying an additional 592,028 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after buying an additional 275,786 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of WEC Energy Group by 92.2% in the 2nd quarter. Corient Private Wealth LLC now owns 438,053 shares of the utilities provider’s stock worth $45,654,000 after buying an additional 210,171 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of WEC Energy Group by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 598,723 shares of the utilities provider’s stock valued at $68,518,000 after buying an additional 153,385 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

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.