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

Key Points

• WEC Energy Group issued updated FY 2025 earnings guidance, projecting EPS between 5.170 and 5.270, slightly below the consensus estimate of 5.232.
• Several analysts have recently given mixed ratings on WEC shares, with Goldman Sachs downgrading the stock to "sell", while others raised their price targets.
• The company announced a quarterly dividend of $0.8925, representing an annualized dividend yield of 3.29%, with a payout ratio of 69.59%.

WEC Energy Group (NYSE:WEC - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.170-5.270 for the period, compared to the consensus estimate of 5.232. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group cut WEC Energy Group from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group set a $107.00 target price on WEC Energy Group and gave the company a "neutral" rating in a research note on Friday, July 11th. Barclays increased their price target on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and a consensus target price of $106.40.

WEC Energy Group Stock Performance

Shares of NYSE WEC traded up $1.38 during trading hours on Friday, hitting $110.46. 410,162 shares of the stock were exchanged, compared to its average volume of 2,205,272. WEC Energy Group has a one year low of $86.76 and a one year high of $111.00. The company's 50 day moving average is $105.88 and its 200 day moving average is $105.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a market capitalization of $35.25 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.98 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.05. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. On average, research analysts expect that WEC Energy Group will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Thursday, August 14th will be given a $0.8925 dividend. This represents a $3.57 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 14th. WEC Energy Group's payout ratio is currently 68.39%.

Insider Activity at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total value of $232,244.35. Following the sale, the vice president owned 2,686 shares in the company, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WEC Energy Group

An institutional investor recently raised its position in WEC Energy Group stock. Empowered Funds LLC increased its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,698 shares of the utilities provider's stock after purchasing an additional 2,417 shares during the period. Empowered Funds LLC's holdings in WEC Energy Group were worth $1,820,000 at the end of the most recent quarter. Institutional investors own 77.20% of the company's stock.

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.