WEC Energy Group (WEC) to Release Quarterly Earnings on Tuesday

WEC Energy Group (NYSE:WEC - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect WEC Energy Group to post earnings of $2.19 per share and revenue of $2.81 billion for the quarter. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS and its FY25 guidance at $5.17-$5.27 EPS.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.06). The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. On average, analysts expect WEC Energy Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

WEC Energy Group Trading Up 0.8 %

Shares of NYSE:WEC opened at $108.63 on Tuesday. The company has a market cap of $34.66 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.60 and a beta of 0.44. The stock's 50-day moving average is $106.49 and its 200-day moving average is $100.82. WEC Energy Group has a 52-week low of $77.47 and a 52-week high of $111.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $0.8975 dividend. This is an increase from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Wednesday, May 14th. WEC Energy Group's dividend payout ratio (DPR) is currently 73.91%.

Analyst Upgrades and Downgrades

WEC has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. BMO Capital Markets boosted their price target on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Barclays upgraded WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has an average rating of "Hold" and a consensus price target of $104.38.

Insider Activity

In other news, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction that occurred 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 directly 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 document filed with the SEC, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 21,951 shares in the company, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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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