WEC Energy Group Q3 Earnings Forecast Increased by KeyCorp

WEC Energy Group, Inc. (NYSE:WEC) – Stock analysts at KeyCorp boosted their Q3 2026 earnings estimates for WEC Energy Group in a research note issued on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.00 for the quarter, up from their previous estimate of $0.89. 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 $5.60 per share.

A number of other research analysts also recently issued reports on WEC. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. BMO Capital Markets decreased their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Truist Financial decreased their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a report on Thursday, August 13th. 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, the company currently has a consensus rating of “Hold” and a consensus target price of $120.90.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $106.68 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $105.39 and a 200-day moving average price of $110.97. The company has a market cap of $34.76 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.45. WEC Energy Group has a 12 month low of $99.80 and a 12 month high of $119.91.

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

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred 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 transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of WEC Energy Group by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider’s stock worth $436,133,000 after buying an additional 111,057 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $299,100,000. PNC Financial Services Group Inc. lifted its holdings in shares of WEC Energy Group by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock valued at $297,646,000 after acquiring an additional 7,206 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of WEC Energy Group by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider’s stock valued at $192,007,000 after acquiring an additional 78,168 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in WEC Energy Group by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,286,276 shares of the utilities provider’s stock worth $148,906,000 after acquiring an additional 42,403 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

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 and raised its EPS forecasts for fiscal 2026, 2028, 2029 and 2030 to $5.66, $6.53, $7.04 and $7.59, respectively. The increases suggest the analyst still expects steady long-term earnings growth. MarketBeat WEC analyst estimates
• Positive Sentiment: WEC Energy Group has a consensus price target of approximately $120.90, meaning analysts collectively see material upside from the reported $106.68 reference price. WEC Energy consensus price target
• Positive Sentiment: A broader utility-stock review highlighted regulated utilities’ predictable dividends and coverage, factors that can support WEC’s appeal to income-oriented investors even as interest rates and electricity demand remain concerns. Utility stocks dividend and coverage analysis
• Neutral Sentiment: The earnings preview places attention on WEC’s forthcoming results, with investors likely focused on whether operating performance and management guidance support the company’s fiscal 2026 EPS guidance of $5.51–$5.61. WEC Energy earnings preview
• Negative Sentiment: KeyCorp lowered its fourth-quarter 2026 EPS estimate to $1.30 from $1.35, indicating somewhat softer near-term earnings expectations.
• Negative Sentiment: KeyCorp cut its WEC price target from $117 to $111. Although the firm retained its Overweight rating, the reduced target limits the immediately indicated upside and can pressure the stock.

WEC Energy Group Company Profile

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.