WEC Energy Group (NYSE:WEC) Updates FY25 Earnings Guidance

WEC Energy Group (NYSE:WEC) issued an update on its FY25 earnings guidance on Tuesday morning. 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 Trading Down 0.7 %

Shares of NYSE:WEC traded down $0.71 during trading on Thursday, reaching $100.18. 110,931 shares of the company traded hands, compared to its average volume of 2,108,780. The firm has a market capitalization of $31.69 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.50 and a beta of 0.49. WEC Energy Group has a 52-week low of $75.13 and a 52-week 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 business’s fifty day moving average is $96.61 and its 200-day moving average is $94.94.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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). WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company posted $1.10 EPS. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts forecast that WEC Energy Group will post 4.9 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently announced 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 is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.33%. WEC Energy Group’s payout ratio is 81.66%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Scotiabank boosted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, KeyCorp increased their price objective on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $100.56.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 40,269 shares of WEC Energy Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.56, for a total transaction of $4,009,181.64. Following the completion of the sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,204,570.88. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares of the company’s stock, valued at $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,794 shares of company stock worth $4,866,579 over the last ninety days. Company insiders own 0.44% of the company’s stock.

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.