Correction, 18 September 2026: an earlier version of this post described May 5, 2026 as the end of the quarter. It is the date the results were reported.
What changed
$WEC (WEC Energy Group) reported results on May 5, 2026. EPS came in at $2.45, up from $2.27 in the same period a year earlier — a year-over-year increase of 7.9%. Revenue grew 9.0% over the same stretch, matching the EPS trajectory and suggesting the top-line expansion is doing real work rather than just cost-cutting.
The stock trades at $114.73 with a market cap of $37.01B. The trailing P/E sits at 22.8, and the forward P/E drops to 20.3, implying the market expects continued earnings growth ahead. The dividend yield is 3.2%, which is a meaningful component of total return for a utility.
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We do not have guidance commentary from management to share at this time.
What it means
The ACCE score for $WEC is 57/100 — a middling read. Breaking that down: Quality leads at 64, Momentum follows at 63, while Growth (52) and Value (50) trail. The Quality score aligns with a net margin of 16.2% and ROE of 11.7%, both respectable for a regulated utility. The FCF yield is -2.7%, which is worth watching — utilities are capital-intensive by nature, but negative free cash flow does limit financial flexibility.
The Value score of 50 reflects a real tension in the numbers. The 6-model fair value estimate from ACCE's framework comes in at $77.48, which sits 32.5% below the current price of $114.73. That gap is significant. It does not mean the stock falls to that level, but it does mean the current price embeds a lot of optimism about future earnings and rate-base growth that the trailing fundamentals alone do not yet justify.
The 1-year return of 6.7% is modest in absolute terms but reasonable for a regulated utility, especially one paying a 3.2% dividend. Analyst consensus targets $123.75, about 7.9% above the current price.
The quarter reported on May 5, 2026 shows $WEC executing steadily — revenue up, earnings up, margins holding. The open question is whether the valuation premium to the 6-model fair value compresses or whether earnings growth accelerates enough to close that gap from the other direction. For current pricing and score updates, see acceinvestments.com/stocks/WEC.
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