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 guidance of $5.17-$5.27 for the period, compared to the consensus earnings per share estimate of $5.23. WEC Energy Group also updated its FY 2025 guidance to 5.170-5.270 EPS.

WEC Energy Group Stock Up 1.4 %

Shares of WEC traded up $1.40 during midday trading on Wednesday, hitting $100.62. The company had a trading volume of 474,126 shares, compared to its average volume of 2,112,468. The company’s 50-day simple moving average is $96.62 and its 200-day simple moving average is $94.89. The firm has a market capitalization of $31.83 billion, a P/E ratio of 24.60, a P/E/G ratio of 2.50 and a beta of 0.49. WEC Energy Group has a 1 year low of $75.13 and a 1 year high of $102.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, sell-side analysts expect that WEC Energy Group will post 4.9 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, February 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 81.66%.

Wall Street Analyst Weigh In

WEC has been the subject of a number of research reports. BMO Capital Markets increased their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday. KeyCorp increased their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank lifted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. 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. Finally, Wells Fargo & Company raised their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.56.

Insider Activity

In other WEC Energy Group 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 of the company’s stock, valued at $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 available through this link. Also, Director Gale E. Klappa sold 40,269 shares of the business’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 transaction, the director now owns 273,248 shares of the company’s stock, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,794 shares of company stock worth $4,866,579 over the last three months. 0.44% of the stock is currently owned by insiders.

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.