Analysts Issue Forecasts for WEC FY2025 Earnings

Key Points

• KeyCorp forecasts WEC Energy Group's FY2025 earnings per share at $5.23, maintaining an "Overweight" rating and a price target of $123.00.
• Several analysts provided varying ratings for WEC, with Citigroup rating it a "buy" with a $131.00 target and TD Cowen issuing a "hold" with a $125.00 target.
• The company announced a quarterly dividend of $0.8925, representing a 3.1% yield, payable on December 1st to investors of record by November 14th.

WEC Energy Group, Inc. (NYSE:WEC - Free Report) - KeyCorp issued their FY2025 EPS estimates for WEC Energy Group in a research note issued on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings per share of $5.23 for the year. KeyCorp currently has a "Overweight" rating and a $123.00 price target on the stock. The consensus estimate for WEC Energy Group's current full-year earnings is $5.23 per share. KeyCorp also issued estimates for WEC Energy Group's FY2026 earnings at $5.59 EPS, FY2027 earnings at $5.95 EPS, FY2028 earnings at $6.29 EPS and FY2029 earnings at $6.71 EPS.

A number of other research analysts have also recently commented on WEC. TD Cowen assumed coverage on shares of WEC Energy Group in a research note on Thursday. They set a "hold" rating and a $125.00 price target for the company. UBS Group raised their price target on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Cowen started coverage on shares of WEC Energy Group in a research note on Wednesday. They issued a "hold" rating for the company. Citigroup started coverage on shares of WEC Energy Group in a research note on Friday, October 3rd. They issued a "buy" rating and a $131.00 target price for the company. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $114.64.

WEC Energy Group Stock Down 0.9%

Shares of WEC opened at $116.22 on Friday. The stock has a market cap of $37.41 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 3.31 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. WEC Energy Group has a 12 month low of $91.94 and a 12 month high of $118.10. The company has a 50-day moving average price of $110.41 and a two-hundred day moving average price of $107.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business had revenue of $2.28 billion during the quarter.

Institutional Trading of WEC Energy Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC acquired a new position in shares of WEC Energy Group in the 1st quarter valued at $403,372,000. Charles Schwab Investment Management Inc. grew its holdings in shares of WEC Energy Group by 34.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,213,304 shares of the utilities provider's stock valued at $567,727,000 after buying an additional 1,349,522 shares during the period. Vanguard Group Inc. grew its holdings in shares of WEC Energy Group by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider's stock valued at $4,162,348,000 after buying an additional 816,243 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of WEC Energy Group by 16.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,103,604 shares of the utilities provider's stock valued at $556,191,000 after buying an additional 726,267 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of WEC Energy Group by 1,529.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 709,209 shares of the utilities provider's stock valued at $77,290,000 after buying an additional 665,681 shares during the period. Institutional investors own 77.20% of the company's stock.

Insider Transactions at WEC Energy Group

In related news, EVP Molly A. Mulroy sold 4,030 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the transaction, the executive vice president owned 5,829 shares in the company, valued at $643,113.57. The trade was a 40.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Anthony Reese sold 4,177 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the completion of the transaction, the vice president owned 1,757 shares of the company's stock, valued at $193,797.10. This trade represents a 70.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock worth $7,581,132 over the last ninety days. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.8925 dividend. This represents a $3.57 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, November 14th. WEC Energy Group's payout ratio is 68.39%.

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.

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