Analysts Offer Predictions for WEC FY2030 Earnings

WEC Energy Group, Inc. (NYSE:WEC) – Analysts at KeyCorp issued their FY2030 earnings per share (EPS) estimates for shares of WEC Energy Group in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $7.51 per share for the year. KeyCorp has a “Overweight” rating and a $117.00 price objective on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.59 per share.

WEC has been the subject of a number of other reports. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. BMO Capital Markets dropped their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.20.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $113.86 on Monday. WEC Energy Group has a 52 week low of $102.95 and a 52 week high of $119.91. The business’s 50 day moving average price is $113.96 and its 200 day moving average price is $113.66. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm has a market cap of $37.09 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.97 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors have recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter valued at $25,000. Torren Management LLC purchased a new position in WEC Energy Group in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the second quarter worth about $27,000. Physician Wealth Advisors Inc. boosted its stake in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.