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 Price Performance

WEC Energy Group stock traded down $1.15 during mid-day trading on Tuesday, reaching $99.30. The company had a trading volume of 3,568,828 shares, compared to its average volume of 2,187,171. The business has a fifty day simple moving average of $96.67 and a 200 day simple moving average of $94.77. The company has a market cap 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. 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 has a fifty-two week low of $75.13 and a fifty-two week high of $102.79.

WEC Energy Group (NYSE:WEC) last released 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 firm had revenue of $2.28 billion for 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 quarter last year, the firm posted $1.10 earnings per share. On average, equities research analysts predict that WEC Energy Group will post 4.9 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.36%. WEC Energy Group’s dividend payout ratio (DPR) is 81.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WEC shares. Wells Fargo & Company boosted their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Scotiabank increased 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 research report on Monday, December 9th. BMO Capital Markets raised their price target on shares of 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. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, KeyCorp raised their target price 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.00.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 40,269 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 273,248 shares in the company, valued at approximately $27,204,570.88. The trade was a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of WEC Energy Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the transaction, 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. Over the last three months, insiders have sold 48,794 shares of company stock worth $4,866,579. 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.