WEC Energy Group, IncNYSE: WEC
Utilities · Electric Utilities
$113.08
+0.87%
Vol: 104K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21WEC Energy beats Q1 estimates; unveils record $37.5B capex plan and CEO Lauber takes chairman seatPositive▶
WEC Energy reported Q1 2026 EPS of $2.45 (beat $2.30 by $0.15) on $3.43B revenue (+9% YoY). Reaffirmed FY26 EPS guidance of $5.51-$5.61 and announced a record $37.5B capex plan for 2026-2030 to drive 7-8% EPS growth. Gale Klappa retired from the board at the May 7 annual meeting; Scott Lauber appointed chairman. CEO disclosed talks with multiple data center developers in Wisconsin. Mizuho raised PT to $124 (Outperform); JPMorgan trimmed to $120.
May 20JPMorgan cut WEC Energy's price target to $120 from $125 on May 14, even as data center talks with Wisconsin developers progressed toward potential Q3 announcement.Mixed▶
JPMorgan lowered WEC's price target to $120 from $125 on May 14, 2026, tempering enthusiasm despite CEO Scott Lauber's May 12 disclosure that the utility is in active talks with multiple data center developers in Wisconsin after the Public Service Commission approved special large-customer rates. WEC reaffirmed 2026 EPS guidance of $5.51-$5.61 and a record $37.5B 2026-2030 capex plan focused entirely on regulated assets, targeting 7-8% annual EPS growth. The Q1 beat ($2.45 vs $2.30 consensus) and 23rd consecutive dividend hike underscore the defensive case. Risk: rising rate environment and elevated capex spending could pressure the multiple if data center contracts slip past Q3.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18WEC Energy in talks with more data center developers in Wisconsin as JPMorgan trims price target to $120.Mixed▶
WEC Energy Group disclosed on May 12 that it is negotiating with additional data center developers in Wisconsin following PSC approval of special rates for large customers, with the company expecting a 3.9 gigawatt demand increase over the next five years. JPMorgan lowered its price target to $120 from $125 on May 14, 2026. The company recently reported a Q1 EPS beat ($2.45 vs $2.30 consensus) and reiterated 2026 EPS guidance of $5.51-$5.61 along with a $37.5 billion capex plan targeting 7-8% EPS growth through 2030. Gale Klappa is retiring from the board after the May annual meeting and will be named Chairman Emeritus, with CEO Scott Lauber set to take the chairman role. Analyst consensus stands at 8 Buy, 11 Hold, and 1 Sell.
May 15WEC Energy in active talks with more Wisconsin data center developers after Q1 beat ($2.45 EPS vs $2.30), backing $37.5B capex plan.Positive▶
WEC Energy beat Q1 2026 estimates with EPS of $2.45 (vs $2.30 consensus) and revenue of $3.43B, reaffirming full-year guidance of $5.51-$5.61. CEO Scott Lauber said on May 12 the utility is negotiating with multiple data center developers in Wisconsin following PSC approval of special large-customer rates, with another announcement expected in Q3. The company unveiled a $37.5B infrastructure capex plan targeting 7-8% EPS growth through 2030. Shareholders re-elected all 12 directors at the May 7 annual meeting, and Chairman Gale Klappa is retiring after 23 years of consecutive dividend increases; Scott Lauber will assume the chairman role. Risk: regulatory approvals and execution of large capex plan.
May 14WEC Energy reported Q1 2026 EPS of $2.45 vs $2.30 consensus, reaffirmed 2026 guidance of $5.51–$5.61, and is in talks with multiple data center developers.Positive▶
WEC Energy Group reported Q1 2026 net income of $804.4M ($2.45/share) up from $724.2M ($2.27) year-over-year, beating consensus by $0.15. Revenue totaled $3.4B, up $284.7M YoY. The company reaffirmed full-year 2026 EPS guidance of $5.51–$5.61 assuming normal weather. CEO Scott Lauber said WEC is in talks with multiple potential data center developers after Wisconsin PSC approved special rates for large customers, with another announcement expected in Q3 2026. Retail electricity deliveries rose 1.1% YoY. Chairman Gale Klappa, 75, will retire after the May 7 annual meeting; Scott Lauber will become chairman. Dividend of $0.9525/share declared, marking the 335th consecutive quarterly payment and 23rd consecutive annual dividend hike (+6.7%).
May 13WEC Energy disclosed advanced talks with additional Wisconsin data center developers as it ramps capex for 3.9 GW of new load.Positive▶
On May 12, 2026, WEC Energy Group disclosed it is in active negotiations with additional data center developers in Wisconsin following PSC approval of special rates for large customers. The first facility in Port Washington is expected online in late 2027, and WEC anticipates a 3.9 gigawatt increase in load over the next five years driven by hyperscaler commitments. This caps a constructive period for WEC: Q1 2026 EPS of $2.45 beat the $2.30 consensus by $0.15 on revenue of $3.43 billion, large C&I electricity demand rose 2.7% YoY, and management reaffirmed 2026 EPS guidance of $5.51-$5.61. WEC also declared its 335th consecutive quarterly dividend at $0.9525 per share (23rd straight annual increase). At the May 7 annual meeting all 12 directors were re-elected and the board indicated Scott Lauber will succeed Gale Klappa as chairman.
May 12WEC Energy beats Q1 with EPS of $2.45, names Scott Lauber chairman as Klappa retires; 23rd consecutive dividend hikePositive▶
WEC Energy Group reported Q1 2026 net income of $804.4M ($2.45/share), well above the $2.30 consensus, with revenue of $3.43B (up $284.7M YoY). Large commercial/industrial electricity consumption rose 2.7% YoY. The company reaffirmed 2026 EPS guidance of $5.51-$5.61 and is targeting 7-8% long-term EPS CAGR through 2030. WEC raised its quarterly dividend 6.7% to $0.9525, marking the 23rd consecutive annual increase, payable June 1 to holders of record May 14. Gale Klappa, 75, retired as chairman after the May 7 annual meeting; CEO Scott Lauber will be appointed chairman. Analyst consensus is Hold with median price target of $117.
May 11WEC Energy beat Q1 2026 estimates with $2.45 EPS, reaffirmed FY guidance, and named CEO Scott Lauber chairman after Klappa's retirement.Positive▶
WEC Energy Group reported Q1 2026 EPS of $2.45 vs $2.30 consensus, with revenue of $3.43B up 9% YoY, beating expectations. Net income rose to $804.4M from $724.2M a year earlier, driven by 2.7% YoY growth in large commercial/industrial electricity consumption. The company reaffirmed 2026 EPS guidance of $5.51-$5.61 and long-term 7-8% EPS growth through 2030. Gale Klappa retired as chairman May 7 after reaching governance-based retirement age; CEO Scott Lauber will be appointed chairman following the annual meeting. WEC also declared its 335th consecutive quarterly dividend at $0.9525/share, with a 6.7% annual dividend increase. The stock traded at $113.94 on May 7 with a Hold consensus rating.
May 8WEC Energy reports $2.45 Q1 adjusted EPS beat; reaffirms FY26 guidance with strong dividend growthPositive▶
WEC Energy Group reported Q1 2026 adjusted EPS of $2.45, surpassing estimates by 5.15%, with consolidated revenues up $284.7 million to $3.4 billion. The company reaffirmed 2026 EPS guidance of $5.51-$5.61 and increased the dividend 6.7% to $3.81 annually, marking the 23rd consecutive year of increases. Management highlighted a robust $37.5 billion capital plan through 2030 with significant growth from Microsoft and Vantage data center deals. Long-term EPS growth guidance of 7%-8% expected to accelerate to upper half starting 2028. Stock is up 11% YTD, trading near 52-week highs.
May 7WEC Energy Q1 earnings beat with $2.45 EPS vs. $2.30 estimate; board approves 6.7% dividend increase marking 23rd straight yearPositive▶
WEC Energy Group reported Q1 2026 net income of $804.4M or $2.45/share, up 5.3% YoY and beating estimates of $2.30. Revenue totaled $3.4B. Company reaffirmed FY26 guidance range of $5.51-$5.61 EPS and forecasts 7%-8% long-term EPS growth. Board approved 6.7% dividend increase for 23rd consecutive year, aligning with 6.5-7% long-term target. Company anticipates significant incremental load from Vantage and Microsoft data center sites reaching 3.5-5 GW over time. Secured $455M equity in Q1 via ATM contract. $37.5B capital plan supports growth acceleration to upper half of range starting 2028.
May 6WEC Energy reports Q1 EPS of $2.45 beating estimates, raises dividend 6.7% with 23 consecutive annual increasesPositive▶
WEC Energy reported Q1 2026 EPS of $2.45, up $0.18 YoY and beating estimates with 5.3% growth. The company reaffirmed full-year guidance of $5.51-$5.61 per share and raised its dividend 6.7% to an annualized rate, marking the 23rd consecutive annual increase. Weather-normal retail electric deliveries grew 1.3%, with large commercial and industrial up 3%, driven by anticipated data center load from Vantage and Microsoft sites potentially reaching 3.5-5 gigawatts. Wells Fargo raised price target to $127 from $117 with Overweight; Truist initiated with Hold and $124 target.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WECWEC | $113.08 | +0.87% | +2.3% | 18.7x | 0.49 | $36.5B |
| SOSOUTHERN | $93.62 | -0.66% | +0.6% | 19.2x | 0.36 | $106.2B |
| CEGCONSTELLATION | $260.28 | -8.94% | +9.1% | 21.1x | 1.16 | $103.2B |
| DUKDUKE | $124.93 | +0.22% | +1.5% | 17.4x | 0.40 | $97.2B |
| AEPAMERICAN | $128.54 | -0.83% | +1.5% | 18.9x | 0.55 | $70.5B |
| ETRENTERGY | $110.28 | -1.77% | +2.5% | 22.3x | 0.53 | $51.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.