Equities Analysts Issue Forecasts for WEC FY2030 Earnings

WEC Energy Group, Inc. (NYSE:WEC) – Equities research analysts at KeyCorp issued their FY2030 earnings per share estimates for WEC Energy Group in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will post earnings of $7.51 per share for the year. KeyCorp has a “Overweight” rating and a $117.00 price objective on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.59 per share.

WEC Energy Group (NYSE:WEC) last issued its earnings results 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 analysts’ expectations of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

WEC has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” 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 company an “equal weight” rating in a research report on Monday, April 20th. BMO Capital Markets decreased their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Truist Financial lifted their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. One 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 company’s stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.20.

WEC Energy Group Price Performance

Shares of WEC stock opened at $115.82 on Monday. The stock’s fifty day simple moving average is $113.83 and its 200 day simple moving average is $113.55. WEC Energy Group has a one year low of $102.95 and a one year high of $119.91. The firm has a market cap of $37.73 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.00 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

A number of institutional investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter worth approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings in WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after buying an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

Key Headlines 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.

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.