WEC Energy Group (WEC) Projected to Post Quarterly Earnings on Tuesday

WEC Energy Group (NYSE:WEC) is projected to announce its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $2.19 per share and revenue of $2.81 billion for the quarter. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS and its FY25 guidance at $5.17-$5.27 EPS.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. On average, analysts expect WEC Energy Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

WEC Energy Group Price Performance

NYSE WEC opened at $108.54 on Friday. 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 capitalization of $34.63 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The company has a 50 day simple moving average of $106.84 and a 200-day simple moving average of $101.11. WEC Energy Group has a 52-week low of $77.47 and a 52-week high of $111.00.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $0.8975 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.31%. WEC Energy Group’s dividend payout ratio is presently 73.91%.

Insiders Place Their Bets

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction 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 represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WEC shares. JPMorgan Chase & Co. raised shares of WEC Energy Group from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. BMO Capital Markets increased their price objective on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Barclays lifted their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.