FY2026 EPS Forecast for WEC Energy Group Lifted by Analyst

Posted by Francis Steltz on Oct 14th, 2026

WEC Energy Group, Inc. (NYSE:WEC – Free Report) – KeyCorp lifted their FY2026 earnings per share (EPS) estimates for shares of WEC Energy Group in a research note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $5.66 for the year, up from their previous forecast of $5.60. KeyCorp currently has an “Overweight” rating and a $111.00 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 Q4 2026 earnings at $1.30 EPS, FY2028 earnings at $6.53 EPS, FY2029 earnings at $7.04 EPS and FY2030 earnings at $7.59 EPS.

WEC has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. BMO Capital Markets reduced their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a report on Tuesday, August 4th. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $120.90.

Read Our Latest Analysis on WEC Energy Group

WEC Energy Group Trading Up 0.9%

NYSE:WEC opened at $105.86 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 1-year low of $99.80 and a 1-year high of $119.91. The firm has a market capitalization of $34.49 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.45. The stock has a fifty day simple moving average of $105.42 and a 200 day simple moving average of $111.02.

WEC Energy Group (NYSE:WEC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a $0.9525 dividend. The ex-dividend date was Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. WEC Energy Group’s dividend payout ratio is presently 73.84%.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Annex Advisory Services LLC raised its stake in shares of WEC Energy Group by 8.6% in the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock valued at $14,179,000 after acquiring an additional 9,591 shares in the last quarter. Sterling Capital Management LLC boosted its position in WEC Energy Group by 106.3% during the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock worth $5,099,000 after purchasing an additional 22,697 shares during the period. DAVENPORT & Co LLC boosted its position in WEC Energy Group by 15.3% during the second quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider’s stock worth $11,260,000 after purchasing an additional 12,773 shares during the period. GSA Capital Partners LLP bought a new stake in WEC Energy Group during the second quarter worth approximately $2,783,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in WEC Energy Group during the second quarter valued at approximately $3,773,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about WEC Energy Group

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

Positive Sentiment: KeyCorp raised its FY2026 EPS estimate for WEC Energy Group to $5.66 from $5.60, above the broader consensus estimate of $5.59. The firm also increased its forecasts for FY2028 EPS to $6.53, FY2029 EPS to $7.04 and FY2030 EPS to $7.59, signaling improved expectations for long-term earnings growth. KeyCorp retained its Overweight rating. KeyCorp WEC earnings estimates
Positive Sentiment: WEC Energy Group has a consensus price target of $120.90, suggesting meaningful potential appreciation from the reference price of $105.86. This indicates that analysts overall remain more optimistic than the current market valuation. WEC Energy Group consensus price target
Neutral Sentiment: KeyCorp reduced its WEC Energy Group price target to $111 from $117 while keeping the Overweight rating. The revised target still represents upside, but the cut reflects a more cautious near-term valuation view. KeyBanc WEC price target adjustment
Negative Sentiment: KeyCorp lowered its Q4 2026 EPS forecast to $1.30 from $1.35. Although the estimate remains part of a broader positive long-term earnings outlook, the near-term reduction could weigh on investor sentiment and contribute to the stock’s decrease.

About WEC Energy Group

(Get Free Report)

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.