WEC Energy Group (WEC) to Release Earnings on Thursday

WEC Energy Group (NYSE:WECGet Free Report) will be announcing its earnings results before the market opens on Thursday, February 1st. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

WEC Energy Group (NYSE:WECGet Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.91 by $0.09. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.03 billion. WEC Energy Group had a net margin of 14.80% and a return on equity of 11.48%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. 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 Trading Up 0.4 %

NYSE:WEC opened at $80.76 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.77 and a beta of 0.42. WEC Energy Group has a 52 week low of $75.47 and a 52 week high of $99.26. The firm has a 50-day moving average price of $83.07 and a two-hundred day moving average price of $83.92.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.34 annualized dividend and a dividend yield of 4.14%. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.78. WEC Energy Group’s dividend payout ratio (DPR) is presently 72.06%.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 600 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $83.46, for a total transaction of $50,076.00. Following the sale, the director now owns 20,933 shares of the company’s stock, valued at approximately $1,747,068.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisors Capital Management LLC increased its holdings in shares of WEC Energy Group by 2.3% in the third quarter. Advisors Capital Management LLC now owns 4,799 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 108 shares during the period. Stonebridge Capital Advisors LLC increased its holdings in shares of WEC Energy Group by 12.1% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,059 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 114 shares during the period. SVB Wealth LLC increased its holdings in shares of WEC Energy Group by 3.5% in the first quarter. SVB Wealth LLC now owns 4,185 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 141 shares during the period. Federated Hermes Inc. increased its holdings in shares of WEC Energy Group by 4.6% in the first quarter. Federated Hermes Inc. now owns 3,374 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 147 shares during the period. Finally, First Manhattan Co. increased its holdings in shares of WEC Energy Group by 102.0% in the fourth quarter. First Manhattan Co. now owns 303 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 153 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WEC. Guggenheim decreased their price target on shares of WEC Energy Group from $94.00 to $84.00 in a research note on Monday, October 9th. UBS Group decreased their price target on shares of WEC Energy Group from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. KeyCorp raised their price target on shares of WEC Energy Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Barclays decreased their price target on shares of WEC Energy Group from $82.00 to $79.00 and set an “underweight” rating for the company in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.75.

View Our Latest Research Report on WEC Energy Group

WEC Energy Group Company Profile

(Get Free Report)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Earnings History for WEC Energy Group (NYSE:WEC)

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