WEC Energy Group (NYSE:WEC) Issues FY 2025 Earnings Guidance

WEC Energy Group (NYSE:WEC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.170-5.270 for the period, compared to the consensus earnings per share estimate of 5.240. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

WEC has been the topic of several recent research reports. StockNews.com raised WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $106.00 to $108.00 in a research report on Tuesday, April 8th. Barclays boosted their target price on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. BMO Capital Markets raised their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Six 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 stock currently has an average rating of "Hold" and an average price target of $105.38.

WEC Energy Group Price Performance

NYSE:WEC opened at $108.88 on Tuesday. The stock has a market capitalization of $34.74 billion, a PE ratio of 22.54, a P/E/G ratio of 2.60 and a beta of 0.46. WEC Energy Group has a 1-year low of $77.47 and a 1-year high of $111.00. The firm has a fifty day simple moving average of $106.90 and a 200 day simple moving average of $101.19. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.08. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. On average, research analysts expect that WEC Energy Group will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $0.8975 dividend. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.59 annualized dividend and a yield of 3.30%. WEC Energy Group's dividend payout ratio is currently 73.91%.

Insider Activity

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the sale, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of WEC Energy Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the transaction, the director now directly owns 21,951 shares of the company's stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% 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.

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