Zacks Research Brokers Decrease Earnings Estimates for WEC

WEC Energy Group, Inc. (NYSE:WEC - Free Report) - Investment analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for shares of WEC Energy Group in a report issued on Tuesday, May 27th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $0.69 per share for the quarter, down from their prior forecast of $0.76. The consensus estimate for WEC Energy Group's current full-year earnings is $5.23 per share. Zacks Research also issued estimates for WEC Energy Group's FY2025 earnings at $5.22 EPS, Q4 2026 earnings at $1.60 EPS, FY2026 earnings at $5.56 EPS, Q1 2027 earnings at $2.26 EPS and FY2027 earnings at $5.95 EPS.

A number of other research firms have also commented on WEC. Scotiabank set a $115.00 price target on WEC Energy Group and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Barclays increased their price objective on 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. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Wells Fargo & Company increased their price objective on WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $107.13.

WEC Energy Group Stock Performance

NYSE:WEC traded down $0.61 during trading hours on Thursday, reaching $106.83. The stock had a trading volume of 442,592 shares, compared to its average volume of 2,276,593. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The stock has a 50 day simple moving average of $106.98 and a 200 day simple moving average of $102.45. WEC Energy Group has a 12-month low of $77.47 and a 12-month high of $111.00. The stock has a market cap of $34.09 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.81 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group's revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $1.97 earnings per share.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th were paid a $0.8975 dividend. This represents a $3.59 annualized dividend and a dividend yield of 3.36%. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, May 14th. WEC Energy Group's dividend payout ratio is 69.59%.

Insiders Place Their Bets

In related news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the transaction, the vice president now owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated 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 completion of the transaction, the director now owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This represents a 8.33% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of WEC Energy Group by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after purchasing an additional 699,177 shares during the last quarter. Janney Montgomery Scott LLC grew its position in WEC Energy Group by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 70,983 shares of the utilities provider's stock worth $6,675,000 after purchasing an additional 1,697 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of WEC Energy Group by 2.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the utilities provider's stock valued at $844,000 after purchasing an additional 212 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of WEC Energy Group by 24.9% during the 4th quarter. Blue Trust Inc. now owns 15,635 shares of the utilities provider's stock valued at $1,504,000 after purchasing an additional 3,121 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of WEC Energy Group by 3.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 12,189 shares of the utilities provider's stock valued at $1,146,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other 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.