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

WEC Energy Group (NYSE:WEC) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.17-$5.27 for the period, compared to the consensus estimate of $5.23. WEC Energy Group also updated its FY 2025 guidance to 5.170-5.270 EPS.

Analysts Set New Price Targets

A number of research firms recently commented on WEC. StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Scotiabank boosted their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays raised shares of 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.56.

WEC Energy Group Stock Performance

WEC stock traded down $0.71 during midday trading on Thursday, reaching $100.18. 110,931 shares of the company were exchanged, compared to its average volume of 2,108,780. WEC Energy Group has a one year low of $75.13 and a one year high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The firm has a market capitalization of $31.69 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49. The business has a 50-day moving average price of $96.61 and a two-hundred day moving average price of $94.94.

WEC Energy Group (NYSE:WEC) last posted 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 company had revenue of $2.28 billion during 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%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Equities research analysts forecast that WEC Energy Group will post 4.9 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio is presently 81.66%.

Insider Buying and Selling

In related 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 value of $677,980.80. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 1,805 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the completion of the sale, the director now owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % 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 worth $4,866,579 in the last ninety days. Corporate 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.