WEC Energy Group (NYSE:WEC) Issues Earnings Results

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

WEC Energy Group Trading Up 0.4%

WEC Energy Group stock traded up $0.49 during trading hours on Thursday, hitting $113.82. The company had a trading volume of 1,007,101 shares, compared to its average volume of 2,249,838. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50. The firm has a market cap of $37.02 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.65 and a beta of 0.58. The company has a 50-day moving average price of $107.08 and a two-hundred day moving average price of $109.69. WEC Energy Group has a 1 year low of $99.89 and a 1 year high of $118.18.

WEC Energy Group Increases Dividend

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

Institutional Trading of WEC Energy Group

Large investors have recently modified their holdings of the company. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the second quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth $98,000. Sunbelt Securities Inc. lifted its holdings in shares of WEC Energy Group by 2,605.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,380 shares of the utilities provider’s stock worth $158,000 after buying an additional 1,329 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of WEC Energy Group during the 3rd quarter worth $162,000. Finally, State of Wyoming increased its stake in shares of WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

WEC has been the topic of several recent research reports. TD Cowen started coverage on WEC Energy Group in a report on Thursday, October 16th. They set a “hold” rating and a $125.00 price target on the stock. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Finally, Bank of America reduced their price objective on shares of WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 31st. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.33.

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.