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

WEC Energy Group (NYSE:WEC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.170-5.270 for the period, compared to the consensus earnings per share estimate of 5.230. The company issued revenue guidance of -. WEC Energy Group also updated its FY25 guidance to $5.17-$5.27 EPS.

WEC Energy Group Price Performance

NYSE:WEC traded up $1.78 during mid-day trading on Wednesday, hitting $101.00. 1,183,596 shares of the company’s stock traded hands, compared to its average volume of 2,143,038. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.46 and a current ratio of 0.65. The firm’s 50 day simple moving average is $96.62 and its 200 day simple moving average is $94.89. WEC Energy Group has a 1 year low of $75.13 and a 1 year high of $102.79. The company has a market cap of $31.95 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). WEC Energy Group had a net margin of 15.14% and a return on equity of 11.72%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. WEC Energy Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts expect that WEC Energy Group will post 4.9 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.34 annualized dividend and a dividend yield of 3.31%. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $98.00 in a report on Thursday, December 12th. KeyCorp raised their price target on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and an average target price of $100.56.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 1,805 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction 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 represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the sale, the chief executive officer now directly owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock worth $4,866,579 in the last 90 days. Corporate 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.