WEC Energy Group (NYSE:WEC) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

WEC Energy Group (NYSE:WEC - Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09, Zacks reports. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. During the same period in the prior year, the business earned $1.97 EPS. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. WEC Energy Group updated its FY 2025 guidance to 5.170-5.270 EPS.

WEC Energy Group Stock Up 1.0 %

WEC opened at $109.70 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a market cap of $35.00 billion, a PE ratio of 22.75, a P/E/G ratio of 2.60 and a beta of 0.46. WEC Energy Group has a 52 week low of $77.47 and a 52 week high of $111.00. The business has a 50 day moving average price of $106.90 and a two-hundred day moving average price of $101.19.

WEC Energy Group Increases Dividend

The business also recently declared 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. This represents a $3.59 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's dividend payout ratio is currently 73.91%.

Analysts Set New Price Targets

Several research analysts recently commented on WEC shares. 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. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays upped their target price on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. BMO Capital Markets raised their price objective on 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 raised their price target 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $105.38.

Insider Buying and Selling at WEC Energy Group

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

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.