WEC Energy Group (NYSE:WEC) Issues 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.

WEC Energy Group Stock Performance

NYSE:WEC traded up $1.40 on Wednesday, hitting $100.62. The stock had a trading volume of 474,126 shares, compared to its average volume of 2,112,468. WEC Energy Group has a 52-week low of $75.13 and a 52-week high of $102.79. The stock has a market cap of $31.83 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The business’s 50-day simple moving average is $96.62 and its two-hundred day simple moving average is $94.89.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that WEC Energy Group will post 4.9 earnings per share 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 paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WEC. Scotiabank raised their price objective on 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. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. KeyCorp raised their price target on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $98.00 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.56.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the company’s 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 in the company, valued at $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a 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 company’s stock in a transaction dated 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 approximately $27,204,570.88. The trade was a 12.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,794 shares of company stock valued at $4,866,579. Corporate insiders own 0.44% of the company’s stock.

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.