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

WEC Energy Group (NYSE:WEC) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06), Zacks reports. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business posted $1.10 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. 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 Stock Up 1.8 %

Shares of WEC Energy Group stock opened at $101.00 on Thursday. The company’s fifty day simple moving average is $96.62 and its two-hundred day simple moving average is $94.89. WEC Energy Group has a 12-month low of $75.13 and a 12-month high of $102.79. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. The company has a market cap of $31.95 billion, a P/E ratio of 24.69, a PEG ratio of 2.50 and a beta of 0.49.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

Insider Activity

In other news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction 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 approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the transaction, the director now owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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.

Analyst Ratings Changes

Several brokerages have recently commented on WEC. Wells Fargo & Company boosted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. BMO Capital Markets increased their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Finally, Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.56.

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.