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

WEC Energy Group (NYSE:WEC - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 5.170-5.270 for the period, compared to the consensus estimate of 5.230. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WEC. Bank of America lifted their price objective on WEC Energy Group from $88.00 to $90.00 and gave the stock an "underperform" rating in a research note on Thursday, August 29th. Scotiabank boosted their price target on WEC Energy Group from $90.00 to $103.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Barclays boosted their price target on WEC Energy Group from $86.00 to $89.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. Wells Fargo & Company boosted their price target on WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $95.55.

WEC Energy Group Price Performance

NYSE WEC traded down $0.48 during trading on Friday, reaching $97.24. 630,790 shares of the company traded hands, compared to its average volume of 2,119,860. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The stock's 50 day moving average price is $97.63 and its two-hundred day moving average price is $89.80. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.67 and a beta of 0.46. WEC Energy Group has a 1-year low of $75.13 and a 1-year high of $102.79.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.12. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, analysts anticipate that WEC Energy Group will post 4.87 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were issued a $0.8925 dividend. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.57 annualized dividend and a dividend yield of 3.67%. WEC Energy Group's payout ratio is presently 81.66%.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 1,805 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 273,248 shares of the company's stock, valued at $27,160,851.20. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the business'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 value 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 disclosure for this sale can be found here. Insiders have sold 48,794 shares of company stock valued at $4,866,579 in the last three months. 0.34% of the stock is 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.