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

WEC Energy Group (NYSE:WEC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.170-5.270 for the period, compared to the consensus EPS estimate of 5.230. The company issued revenue guidance of -. WEC Energy Group also updated its FY25 guidance to $5.17-$5.27 EPS.

WEC Energy Group Trading Down 0.4 %

Shares of WEC traded down $0.37 during mid-day trading on Thursday, reaching $100.52. The company’s stock had a trading volume of 555,711 shares, compared to its average volume of 2,129,189. 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 $31.80 billion, a PE ratio of 24.58, a P/E/G ratio of 2.50 and a beta of 0.49. The company’s fifty day moving average price is $96.61 and its two-hundred day moving average price is $94.94. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts predict that WEC Energy Group will post 4.9 earnings per share for the current fiscal year.

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 3.32%. WEC Energy Group’s payout ratio is currently 81.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WEC shares. BMO Capital Markets raised their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday. Bank of America raised WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, Scotiabank upped their price objective 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average price target of $100.56.

Insider Activity

In other news, Director Gale E. Klappa sold 1,805 shares of WEC Energy Group stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $99.40, for a total value of $179,417.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,794 shares of company stock worth $4,866,579. Corporate insiders own 0.44% of the company’s stock.

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.