WEC Energy Group (WEC) to Release Quarterly Earnings on Thursday

WEC Energy Group (NYSE:WEC - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect WEC Energy Group to post earnings of $1.49 per share and revenue of $2.50 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. On average, analysts expect WEC Energy Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

WEC Energy Group Stock Performance

Shares of WEC stock traded up $1.06 on Thursday, hitting $99.09. The company had a trading volume of 227,812 shares, compared to its average volume of 1,875,203. The firm has a market cap of $31.35 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.46 and a beta of 0.48. WEC Energy Group has a twelve month low of $75.13 and a twelve month high of $102.79. The company has a 50-day moving average price of $96.74 and a 200-day moving average price of $94.28. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a $0.835 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.37%. WEC Energy Group's dividend payout ratio is presently 87.29%.

Insider Buying and Selling

In other WEC Energy Group news, 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 value of $4,009,181.64. Following the transaction, the director now directly owns 273,248 shares of the company's stock, valued at approximately $27,204,570.88. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the transaction, the chief executive officer now directly owns 45,709 shares of the company's stock, valued at $4,611,581.01. This represents 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 worth $4,866,579 in the last quarter. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WEC has been the subject of several recent research reports. KeyCorp lifted their target price on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Bank of America upgraded WEC Energy Group from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. BMO Capital Markets raised their target price on 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. Barclays raised shares of WEC Energy Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $89.00 to $93.00 in a research note on Thursday, January 2nd. Finally, Scotiabank increased their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.40.

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.