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

WEC Energy Group (NYSE:WEC) posted its quarterly earnings results on Thursday. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03, FiscalAI reports. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. WEC Energy Group updated its FY 2026 guidance to 5.510-5.610 EPS.

WEC Energy Group Stock Up 0.6%

NYSE WEC traded up $0.70 on Thursday, reaching $114.03. The company had a trading volume of 1,184,757 shares, compared to its average volume of 2,259,616. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The company’s fifty day moving average is $107.08 and its 200 day moving average is $109.69. WEC Energy Group has a 52-week low of $99.89 and a 52-week high of $118.18. The stock has a market capitalization of $37.09 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.65 and a beta of 0.58.

WEC Energy Group Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 3.3%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. WEC Energy Group’s dividend payout ratio is currently 67.49%.

Institutional Trading of WEC Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. boosted its holdings in WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. State of Wyoming boosted its stake in shares of WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares during the last quarter. Keystone Financial Group lifted its holdings in WEC Energy Group by 4.0% during the third quarter. Keystone Financial Group now owns 3,168 shares of the utilities provider’s stock worth $363,000 after acquiring an additional 123 shares during the period. Zacks Investment Management lifted its holdings in WEC Energy Group by 3.9% during the third quarter. Zacks Investment Management now owns 3,267 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 124 shares during the period. Finally, Financial Advisors Network Inc. increased its position in shares of WEC Energy Group by 3.0% during the 2nd quarter. Financial Advisors Network Inc. now owns 4,688 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on shares of WEC Energy Group from $114.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, October 21st. BTIG Research reaffirmed a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Wells Fargo & Company cut their price target on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Finally, Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $120.33.

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.