Zacks Research Has Bullish Forecast for WEC Q1 Earnings

WEC Energy Group, Inc. (NYSE:WEC) – Investment analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of WEC Energy Group in a research note issued on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $2.24 per share for the quarter, up from their prior forecast of $2.23. 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 Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $1.37 EPS, Q2 2026 earnings at $0.86 EPS, Q4 2026 earnings at $1.57 EPS and FY2027 earnings at $5.98 EPS.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm 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 company posted $1.10 EPS. WEC Energy Group’s revenue for the quarter was up 3.0% on a year-over-year basis.

Several other equities research analysts also recently commented on the stock. KeyCorp upped their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. StockNews.com cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on shares of 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. Scotiabank boosted their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.88.

WEC Energy Group Stock Down 0.4 %

WEC stock opened at $105.50 on Thursday. The stock has a fifty day moving average of $98.44 and a 200-day moving average of $96.75. WEC Energy Group has a fifty-two week low of $76.50 and a fifty-two week high of $106.75. The company has a market capitalization of $33.38 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.60 and a beta of 0.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60.

Institutional Investors Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of WEC Energy Group by 45.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,209 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 6,355 shares in the last quarter. State of Alaska Department of Revenue increased its stake in WEC Energy Group by 6.9% in the third quarter. State of Alaska Department of Revenue now owns 36,720 shares of the utilities provider’s stock valued at $3,531,000 after acquiring an additional 2,370 shares during the last quarter. Nisa Investment Advisors LLC raised its position in WEC Energy Group by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 218,119 shares of the utilities provider’s stock valued at $20,979,000 after purchasing an additional 1,140 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in WEC Energy Group during the third quarter valued at about $221,000. Finally, Diversify Advisory Services LLC bought a new stake in WEC Energy Group during the third quarter worth about $395,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,150 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the completion of the transaction, the director now owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is owned by company insiders.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, February 14th. WEC Energy Group’s payout ratio is 73.91%.

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.