Skip to main content

WEC Energy Group (NYSE:WEC) Updates Q2 2021 Earnings Guidance

Tuesday, May 4, 2021 | MarketBeat

WEC Energy Group (NYSE:WEC) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.750-0.770 for the period, compared to the Thomson Reuters consensus estimate of $0.770. The company issued revenue guidance of -.WEC Energy Group also updated its FY 2021 guidance to 4.030-4.030 EPS.

WEC traded down $0.14 during trading on Tuesday, reaching $97.86. 1,344,754 shares of the company traded hands, compared to its average volume of 1,347,754. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.49. WEC Energy Group has a 12-month low of $80.55 and a 12-month high of $106.85. The firm has a fifty day simple moving average of $93.81 and a 200 day simple moving average of $92.23. The company has a market cap of $30.87 billion, a P/E ratio of 26.45, a PEG ratio of 4.51 and a beta of 0.18.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Sunday, May 2nd. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.14. WEC Energy Group had a net margin of 16.26% and a return on equity of 11.36%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $1.43 EPS. The company's revenue was up 27.6% on a year-over-year basis. As a group, sell-side analysts expect that WEC Energy Group will post 3.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th will be issued a dividend of $0.6775 per share. This represents a $2.71 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, May 13th. WEC Energy Group's dividend payout ratio (DPR) is currently 75.70%.

WEC has been the subject of a number of research analyst reports. Barclays raised shares of WEC Energy Group from an underweight rating to an equal weight rating and set a $107.00 price objective for the company in a report on Wednesday, January 13th. Mizuho initiated coverage on WEC Energy Group in a research report on Wednesday, April 14th. They set a neutral rating and a $94.00 target price for the company. Finally, Wells Fargo & Company upgraded WEC Energy Group from an equal weight rating to an overweight rating and lowered their target price for the company from $94.00 to $93.00 in a research report on Wednesday, March 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. WEC Energy Group currently has a consensus rating of Hold and an average price target of $95.45.

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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

Read More: Calculate Your Return on Investment (ROI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How to identify percentage decliners

7 Sports Betting Stocks That Will Shine Beyond March Madness

One of the many consequences of the novel coronavirus was the shutdown of live sports. For sports-minded individuals, one of the events that were missed the most was the NCAA Basketball Tournament affectionately known as March Madness.

But in addition to missing the entertainment that sports provide, cities and states realized, if they didn’t already, that sports are an economic necessity.

Live sports may also be a key to their post-pandemic future. But this goes beyond hotels and restaurants.

Sports betting has become big business. Currently, 25 states and the District of Columbia have legalized sports betting either by statute or by ballot initiative. That list is likely to grow. Many states face budget deficits and want to legalize sports betting for the revenue that it could receive.

And this is about more than allowing gamblers to place bets via a sportsbook in a casino. The real driver for this is mobile sports betting. According to the American Gaming Association, over 47 million people are expected to place bets during the NCAA basketball tournament, with approximately one-third of those bets (17.8 million) being placed online.

To help you take advantage of this still-emerging trend, we’ve put together this special presentation. Here we’ll highlight seven sports betting stocks that should generate significant revenue during March Madness and beyond.

View the "7 Sports Betting Stocks That Will Shine Beyond March Madness".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.