WEC Energy Group (NYSE:WEC) Releases Earnings Results, Beats Estimates By $0.21 EPS

WEC Energy Group (NYSE:WEC) issued its quarterly earnings results on Thursday. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21, FiscalAI reports. WEC Energy Group had a return on equity of 13.49% and a net margin of 17.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.

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 Stock Up 1.4%

Shares of WEC stock traded up $1.56 on Friday, hitting $116.19. The stock had a trading volume of 3,614,441 shares, compared to its average volume of 2,638,065. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average price of $105.85 and a 200 day moving average price of $111.43. The company has a market cap of $37.86 billion, a PE ratio of 21.09, a P/E/G ratio of 2.36 and a beta of 0.45. WEC Energy Group has a one year low of $99.80 and a one year high of $119.91.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.9525 per share. The ex-dividend date is Friday, November 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is currently 69.15%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the 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 directly owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Key Headlines Impacting WEC Energy Group

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

• Positive Sentiment: Third-quarter earnings beat expectations. WEC reported $1.18 in adjusted EPS versus the $0.97 analyst consensus, while revenue rose 8.9% year over year to $2.29 billion. Net income increased to $389.3 million from $271.3 million, supported by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Management raised its 2026 earnings guidance, reinforcing confidence in continued demand growth and execution. The guidance increase, combined with the quarterly earnings beat, is a key catalyst for investor optimism. WEC raises 2026 earnings guidance
• Positive Sentiment: WEC outlined a $47.5 billion 2027–2031 capital plan and is targeting annual EPS growth of 7% to 9% or more. The investment program could expand the regulated asset base and support long-term earnings and dividend growth. WEC capital plan and EPS growth targets
• Positive Sentiment: Analysts raised their price targets and issued constructive ratings. Scotiabank lifted its target to $128 with a “sector outperform” rating, while Wells Fargo raised its target to $129 and maintained an “overweight” rating. The revised targets imply approximately 10%–11% potential upside from the referenced price.
• Neutral Sentiment: WEC is reportedly in discussions regarding a 400-megawatt data-center project. Securing the project could create additional electricity demand, although the talks have not resulted in a confirmed agreement. WEC data-center project discussions
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, providing a more cautious view that offsets some of the recent bullish analyst actions.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays cut their price objective on WEC Energy Group from $117.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. UBS Group boosted their target price on shares of WEC Energy Group from $122.00 to $131.00 in a research note on Monday, July 6th. KeyCorp cut their price target on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Wells Fargo & Company raised their price target on shares of WEC Energy Group from $127.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Jefferies Financial Group decreased their price objective on shares of WEC Energy Group from $120.00 to $116.00 and set a “hold” rating for the company in a report on Wednesday, October 21st. Eight equities research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.00.

About WEC Energy Group

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.