WEC Energy Group, IncNYSE: WEC
Utilities · Electric Utilities
$112.28
-0.23%
Vol: 1.9M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 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.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WECWEC | $112.28 | -0.23% | +2.8% | 19.8x | 0.46 | $38.7B |
| SOSOUTHERN | $93.26 | +0.78% | +2.3% | 19.9x | 0.33 | $110.5B |
| DUKDUKE | $123.92 | +0.15% | +2.4% | 18.1x | 0.37 | $101.0B |
| CEGCONSTELLATION | $274.07 | +2.58% | -10.7% | 17.6x | 1.12 | $85.4B |
| AEPAMERICAN | $127.69 | -0.45% | +2.6% | 20.2x | 0.50 | $75.4B |
| ETRENTERGY | $111.04 | +0.16% | +0.4% | 22.7x | 0.49 | $53.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.