5 Best Utility Stocks that Beat Earnings Estimates

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1. WEC Energy Group, Inc. (NYSE:WEC)

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 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.

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