WEC Energy Group (NYSE:WEC) Releases FY25 Earnings Guidance

WEC Energy Group (NYSE:WEC) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.17-$5.27 for the period, compared to the consensus estimate of $5.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WEC. BMO Capital Markets increased their target price on shares of WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a research note on Monday. Bank of America raised their target price on shares of WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. KeyCorp lifted their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday. Scotiabank lifted their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Barclays lifted their price target on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.55.

WEC Energy Group Stock Down 0.6 %

Shares of WEC traded down $0.63 during midday trading on Thursday, hitting $97.72. The company had a trading volume of 1,387,514 shares, compared to its average volume of 2,123,883. The company’s 50 day moving average price is $97.57 and its 200 day moving average price is $89.74. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.67 and a beta of 0.46. WEC Energy Group has a 52 week low of $75.13 and a 52 week high of $102.79. 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 (NYSE:WEC) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.70 by $0.12. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. On average, equities research analysts predict that WEC Energy Group will post 4.87 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be paid a $0.8925 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.65%. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Insider Buying and Selling

In other news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now owns 45,709 shares in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 40,269 shares of the business’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 sale, the director now owns 273,248 shares in the company, valued at $27,204,570.88. This represents a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock worth $4,866,579 in the last ninety days. 0.34% 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.