WEC Energy Group (NYSE:WEC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.750-0.770 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.770. The company issued revenue guidance of -.WEC Energy Group also updated its FY 2021 guidance to 4.030-4.030 EPS.
A number of equities research analysts recently commented on the company. Barclays raised WEC Energy Group from an underweight rating to an equal weight rating and set a $107.00 target price for the company in a report on Wednesday, January 13th. Mizuho assumed coverage on WEC Energy Group in a report on Wednesday, April 14th. They set a neutral rating and a $94.00 target price for the company. Finally, Wells Fargo & Company raised WEC Energy Group from an equal weight rating to an overweight rating and decreased their target price for the stock from $94.00 to $93.00 in a report on Wednesday, March 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $95.45.
NYSE:WEC traded down $0.14 during trading hours on Tuesday, reaching $97.86. The company had a trading volume of 1,344,754 shares, compared to its average volume of 1,347,754. WEC Energy Group has a 1-year low of $80.55 and a 1-year high of $106.85. The firm has a market cap of $30.87 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 4.51 and a beta of 0.18. The business’s 50 day moving average price is $93.81 and its 200-day moving average price is $92.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.49 and a quick ratio of 0.36.
WEC Energy Group (NYSE:WEC) last announced its earnings results on Sunday, May 2nd. The utilities provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.14. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s quarterly revenue was up 27.6% on a year-over-year basis. On average, analysts expect that WEC Energy Group will post 3.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be given a dividend of $0.6775 per share. The ex-dividend date is Thursday, May 13th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 2.77%. WEC Energy Group’s dividend payout ratio (DPR) is 75.70%.
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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
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