Q2 Earnings Forecast for WEC Issued By KeyCorp

WEC Energy Group, Inc. (NYSE:WEC) – Equities researchers at KeyCorp issued their Q2 2026 earnings per share estimates for shares of WEC Energy Group in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $0.79 for the quarter. KeyCorp currently 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. 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.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

Other equities analysts also recently issued reports about the stock. 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 report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Truist Financial raised their price target on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.20.

WEC Energy Group Stock Up 1.0%

WEC opened at $115.82 on Friday. WEC Energy Group has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The firm’s fifty day moving average price is $113.83 and its two-hundred day moving average price is $113.49. The company has a market capitalization of $37.73 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.00 and a beta of 0.47.

WEC Energy Group Announces Dividend

The company 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 dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Insider Buying and Selling

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 transaction, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEC Energy Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Merit Financial Group LLC boosted its stake in WEC Energy Group by 3.5% in the second quarter. Merit Financial Group LLC now owns 78,183 shares of the utilities provider’s stock worth $9,129,000 after purchasing an additional 2,609 shares in the last quarter. Diversified Trust Co. increased its stake in shares of WEC Energy Group by 3.4% in the second quarter. Diversified Trust Co. now owns 6,444 shares of the utilities provider’s stock valued at $752,000 after buying an additional 212 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of WEC Energy Group by 24.1% in the second quarter. Rosenberg Matthew Hamilton now owns 1,095 shares of the utilities provider’s stock valued at $128,000 after buying an additional 213 shares during the last quarter. Liberty Capital Management Inc. bought a new position in shares of WEC Energy Group in the second quarter valued at about $222,000. Finally, Farther Finance Advisors LLC lifted its position in WEC Energy Group by 4.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,687 shares of the utilities provider’s stock worth $1,833,000 after buying an additional 599 shares in the last quarter. 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 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.