WEC Energy Group (NYSE:WEC) Issues 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 Stock Performance

WEC traded down $1.15 during mid-day trading on Tuesday, reaching $99.30. 3,568,828 shares of the company traded hands, compared to its average volume of 2,187,171. The stock has a market capitalization of $31.41 billion, a P/E ratio of 24.28, 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 quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.37. The company’s fifty day moving average price is $96.67 and its 200-day moving average price is $94.77.

WEC Energy Group (NYSE:WEC) last released its 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, 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. Shareholders of record on Friday, February 14th will be paid a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 annualized dividend and a yield of 3.36%. WEC Energy Group’s payout ratio is 81.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WEC. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays raised WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. KeyCorp lifted their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. Finally, StockNews.com upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.00.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 6,720 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 approximately $4,611,581.01. The trade was a 12.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 1,805 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $99.40, for a total transaction of $179,417.00. Following the completion of the sale, the director now owns 273,248 shares in the company, valued at $27,160,851.20. This represents a 0.66 % 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 90 days. Company 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.