WEC Energy Group (NYSE:WEC) Releases Earnings Results, Beats Expectations By $0.08 EPS

WEC Energy Group (NYSE:WEC) announced its earnings results on Tuesday. The utilities provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.19 by $0.08, Zacks reports. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. During the same quarter in the prior year, the business posted $1.97 earnings per share. WEC Energy Group updated its FY 2025 guidance to 5.170-5.270 EPS.

WEC Energy Group Stock Up 0.2 %

Shares of NYSE WEC opened at $108.88 on Tuesday. WEC Energy Group has a 1 year low of $77.47 and a 1 year high of $111.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43. The firm has a market cap of $34.74 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company has a 50 day simple moving average of $106.90 and a 200 day simple moving average of $101.19.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.8975 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Wednesday, May 14th. WEC Energy Group’s payout ratio is 73.91%.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction on 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 directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WEC. Barclays boosted their price target on WEC Energy Group from $99.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upgraded shares of WEC Energy Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. BMO Capital Markets raised their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.38.

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.