WEC Energy Group (NYSE:WEC) Issues FY 2025 Earnings Guidance

WEC Energy Group (NYSE:WEC) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 5.170-5.270 for the period, compared to the consensus EPS estimate of 5.230. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WEC. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, KeyCorp boosted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.00.

WEC Energy Group Trading Down 2.6 %

Shares of WEC traded down $2.59 during mid-day trading on Tuesday, hitting $97.86. 487,001 shares of the company’s stock traded hands, compared to its average volume of 2,034,591. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. WEC Energy Group has a 1 year low of $75.13 and a 1 year high of $102.79. The firm has a market capitalization of $30.96 billion, a P/E ratio of 23.95, a PEG ratio of 2.50 and a beta of 0.49. The business’s 50-day moving average price is $96.68 and its 200-day moving average price is $94.64.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. As a group, sell-side analysts forecast that WEC Energy Group will post 4.9 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.41%. WEC Energy Group’s payout ratio is 81.66%.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 40,269 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,204,570.88. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Lauber sold 6,720 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock valued at $4,866,579 over the last ninety days. Company insiders own 0.44% of the company’s stock.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.