WEC Energy Group (NYSE:WEC) Announces Earnings Results, Misses Estimates By $0.06 EPS

WEC Energy Group (NYSE:WEC) released its earnings results on Tuesday. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06), Zacks reports. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. WEC Energy Group updated its FY 2025 guidance to 5.170-5.270 EPS and its FY25 guidance to $5.17-$5.27 EPS.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $99.30 on Wednesday. The company has a fifty day moving average price of $96.62 and a 200 day moving average price of $94.89. The firm has a market cap of $31.41 billion, a PE ratio of 24.28, a PEG ratio of 2.50 and a beta of 0.49. The company has a current ratio of 0.65, a quick ratio of 0.46 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.

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 given a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.36%. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Insider Buying and Selling at WEC Energy Group

In related news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction that occurred on 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 directly owns 45,709 shares of the company’s stock, valued at approximately $4,611,581.01. This represents a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 40,269 shares of the firm’s stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock valued at $4,866,579 in the last 90 days. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WEC has been the topic of a number of recent research reports. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Scotiabank lifted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. KeyCorp upped their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $100.00.

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.