WEC Energy Group (WEC) Expected to Announce Quarterly Earnings on Tuesday

WEC Energy Group (NYSE:WEC) will likely be announcing its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect WEC Energy Group to post 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 quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. 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 Stock Down 0.2 %

Shares of WEC stock opened at $108.54 on Friday. WEC Energy Group has a one year low of $77.47 and a one 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 stock has a fifty day moving average price of $106.84 and a 200 day moving average price of $101.11. The stock has a market cap of $34.63 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44.

WEC Energy Group Increases Dividend

The firm also recently disclosed 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 represents a $3.59 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.91%.

Insiders Place Their Bets

In related news, 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 owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the transaction, the director now directly owns 274,955 shares in the company, valued at approximately $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the subject of several recent research reports. Barclays increased their price target on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 29th. Wells Fargo & Company raised their target price on WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report 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. JPMorgan Chase & Co. raised WEC Energy Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Finally, BMO Capital Markets boosted their target price 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.38.

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. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.