WEC Energy Group (NYSE:WEC) Announces Quarterly Earnings Results

WEC Energy Group (NYSE:WEC) issued its quarterly earnings results on Tuesday. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15, FiscalAI reports. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $2.27 EPS. WEC Energy Group’s revenue was up 9.0% on a year-over-year basis. 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:

• The Wisconsin Public Service Commission gave a verbal approval of the company’s VLC tariff (ROE 10.48%–10.98%, 57% equity ratio), which management says protects other customers and the company’s finances while ensuring data centers pay their full share.
• Management highlighted large hyperscaler demand—Microsoft and Vantage sites supporting multi‑GW buildouts (company forecasting ~2.6 GW through 2030 and potential for 3.5 GW at the Vantage site)—and expects additional customer announcements by Q3.
• First‑quarter EPS was $2.45 (+$0.18 YoY) and the company reaffirmed full‑year 2026 guidance of $5.51–$5.61 per share, with Q2 guidance of $0.76–$0.82 (assumes normal weather).
• A sizable five‑year capital plan of $37.5 billion underpins growth (management expects ~15% of assets tied to VLCs by 2030); funding plans include up to $1.1 billion of equity in 2026 (about $455 million already locked) with incremental capital targeted at 50% equity.
• Regulatory progress includes Wisconsin rate filings for 2027–2028, a filed Illinois settlement resolving historical uncollectible and QIP riders, and ramping of Illinois pipe retirement spending (~$200M in 2026), reducing regulatory uncertainty around key projects.

WEC Energy Group Price Performance

WEC stock traded down $0.72 during trading on Thursday, hitting $113.23. 277,810 shares of the stock traded hands, compared to its average volume of 2,116,012. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.77 and a beta of 0.50. The company has a 50 day simple moving average of $115.64 and a 200 day simple moving average of $111.93. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 1.36. WEC Energy Group has a one year low of $100.61 and a one year high of $119.62.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

Insiders Place Their Bets

In other news, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer directly owned 66,801 shares in the company, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president owned 4,707 shares in the company, valued at $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 in the last three months. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter valued at about $27,000. DV Equities LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter valued at about $48,000. Litman Gregory Wealth Management LLC bought a new stake in WEC Energy Group in the 4th quarter valued at approximately $49,000. Birchwood Financial Partners Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $49,000. Finally, Loomis Sayles & Co. L P boosted its holdings in WEC Energy Group by 17.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 770 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analysts Set New Price Targets

WEC has been the topic of several recent research reports. KeyCorp boosted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Jefferies Financial Group reduced their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Truist Financial initiated coverage on shares of WEC Energy Group in a report on Monday, April 20th. They issued a “hold” rating and a $124.00 target price for the company. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $122.13.

About WEC Energy Group

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.