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Home»Finance»The Best Utility Stock that Beat Earnings Estimates
Finance

The Best Utility Stock that Beat Earnings Estimates

May 11, 2026No Comments2 Mins Read
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The Best Utility Stock that Beat Earnings Estimates
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WEC Energy Group, Inc. (NYSE:WEC) is one of the

10 Best Utility Stocks that Beat Earnings Estimates.

On May 6, 2026, Mizuho raised the firm’s price target on WEC Energy Group, Inc. (NYSE:WEC) to $124 from $121 while maintaining an Outperform rating on the shares.

On May 5, 2026, WEC Energy Group, Inc. (NYSE:WEC) reported Q1 EPS of $2.45, ahead of the $2.30 consensus estimate, while revenue totaled $3.43B compared to expectations of $3.42B. President and CEO Scott Lauber said the company’s continued execution of its capital investment plan and focus on operating efficiencies contributed to solid first-quarter performance. He added that WEC Energy remains focused on delivering reliable and safe energy service while investing to support economic growth across its service territories.

WEC Energy (WEC): The Best Utility Stock that Beat Earnings Estimates
WEC Energy (WEC): The Best Utility Stock that Beat Earnings Estimates

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WEC Energy Group, Inc. (NYSE:WEC) maintained its FY26 EPS outlook of $5.51-$5.61, compared to consensus estimates of $5.60.

Before the earnings release, Wells Fargo raised its price target on WEC Energy Group, Inc. (NYSE:WEC) to $127 from $117 while maintaining an Overweight rating. The firm said it revised its Q1 estimates following discussions with management teams across its regulated utility coverage universe.

WEC Energy Group, Inc. (NYSE:WEC), through its subsidiaries, provides regulated natural gas and electricity services as well as renewable and nonregulated renewable energy solutions in the United States.

While we acknowledge the potential of WEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

See also  Why the Philippines’ Two Largest State-Owned Banks Are Contemplating a Mega-Merger

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Beat Earnings Estimates stock Utility
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