WEC Energy Group (NYSE:WEC) Issues Earnings Results, Misses Estimates By $0.06 EPS

WEC Energy Group (NYSE:WEC) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06), Zacks reports. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. WEC Energy Group updated its FY 2025 guidance to 5.170-5.270 EPS and its FY25 guidance to $5.17-$5.27 EPS.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $99.30 on Wednesday. The firm’s 50 day simple moving average is $96.62 and its 200 day simple moving average is $94.89. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37. WEC Energy Group has a 1-year low of $75.13 and a 1-year high of $102.79. The firm has a market capitalization of $31.41 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49.

WEC Energy Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.835 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.36%. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

Wall Street Analyst Weigh In

Several research firms recently commented on WEC. Wells Fargo & Company lifted their target price on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America raised shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. Scotiabank lifted their price objective on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, KeyCorp increased their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average price target of $100.00.

Insider Buying and Selling at WEC Energy Group

In related news, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $100.89, for a total transaction of $677,980.80. Following the completion of the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at $4,611,581.01. This represents a 12.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $99.40, for a total value of $179,417.00. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at approximately $27,160,851.20. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,794 shares of company stock valued at $4,866,579 in the last three months. Company insiders own 0.44% 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.