WEC Energy Group (NYSE:WEC) Updates 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 -. WEC Energy Group also updated its FY25 guidance to $5.17-$5.27 EPS.

WEC Energy Group Stock Down 0.4 %

NYSE:WEC traded down $0.37 on Thursday, hitting $100.52. The stock had a trading volume of 555,711 shares, compared to its average volume of 2,129,189. WEC Energy Group has a 1 year low of $75.13 and a 1 year high of $102.79. The firm’s fifty day simple moving average is $96.61 and its two-hundred day simple moving average is $94.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock has a market cap of $31.80 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Analysts predict that WEC Energy Group will post 4.9 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a dividend of $0.835 per share. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a yield of 3.32%. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, BMO Capital Markets upped their price objective on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.56.

Insider Transactions at WEC Energy Group

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

WEC Energy Group Company Profile

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.