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

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

Analysts Set New Price Targets

Several research firms recently weighed in on WEC. BMO Capital Markets increased their price target on shares of WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Scotiabank boosted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. KeyCorp upped their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average target price of $100.00.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $1.48 during trading on Tuesday, hitting $98.97. 1,380,638 shares of the company were exchanged, compared to its average volume of 2,085,651. The company has a market cap of $31.31 billion, a PE ratio of 24.17, a P/E/G ratio of 2.50 and a beta of 0.49. WEC Energy Group has a 52-week low of $75.13 and a 52-week 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 stock has a 50 day moving average of $96.67 and a 200 day moving average of $94.77.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. As a group, equities research analysts predict 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. Investors of record on Friday, February 14th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Insiders Place Their Bets

In related news, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total value of $179,417.00. Following the sale, the director now owns 273,248 shares in the company, valued at approximately $27,160,851.20. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the 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 owns 45,709 shares in the company, valued at $4,611,581.01. This trade represents a 12.82 % 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 three months. 0.44% of the stock is currently owned by corporate insiders.

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.