Equities Analysts Issue Forecasts for WEC Q2 Earnings

WEC Energy Group, Inc. (NYSE:WEC) – Stock analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for WEC Energy Group in a report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $0.79 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $117.00 target price on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.59 per share. KeyCorp also issued estimates for WEC Energy Group’s Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $1.43 EPS, FY2028 earnings at $6.47 EPS and FY2029 earnings at $6.97 EPS.

A number of other brokerages have also commented on WEC. BMO Capital Markets lowered their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday. Truist Financial upped their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Barclays boosted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.20.

WEC Energy Group Trading Up 1.0%

Shares of WEC stock opened at $115.82 on Friday. WEC Energy Group has a 1 year low of $102.95 and a 1 year high of $119.91. The firm has a market capitalization of $37.73 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.99 and a beta of 0.47. The stock has a fifty day moving average of $113.83 and a two-hundred day moving average of $113.49. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

Hedge Funds Weigh In On WEC Energy Group

Hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in WEC Energy Group in the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in WEC Energy Group in the fourth quarter worth approximately $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th 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 of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is presently 76.05%.

Key Stories Impacting WEC Energy Group

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

• Positive Sentiment: KeyCorp maintained an Overweight rating on WEC Energy Group (NYSE:WEC) and kept its price target at $117, indicating analysts still see upside potential.
• Positive Sentiment: KeyCorp raised its longer-term earnings estimates slightly, including FY2028 EPS to $6.47 and FY2029 EPS to $6.97, which may support valuation expectations.
• Neutral Sentiment: BMO Capital reiterated a Hold rating on WEC Energy Group, suggesting a mixed near-term outlook and limiting the stock’s upside enthusiasm. BMO Capital Sticks to Its Hold Rating for WEC Energy Group (WEC)
• Neutral Sentiment: KeyCorp’s near-term EPS estimates for Q2, Q3, and Q4 2026 were provided without a major surprise, so they are more of a confirmation of current expectations than a fresh catalyst.
• Negative Sentiment: KeyCorp lowered its price target from $126 to $117, reflecting a less aggressive view of the stock’s near-term appreciation.

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.