FY2025 EPS Estimates for WEC Energy Group Raised by KeyCorp

WEC Energy Group, Inc. (NYSE:WEC) – Equities research analysts at KeyCorp upped their FY2025 earnings per share (EPS) estimates for WEC Energy Group in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $5.27 for the year, up from their previous forecast of $5.15. KeyCorp has a “Overweight” rating and a $109.00 price target on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $4.87 per share.

Several other research analysts have also recently issued reports on the company. StockNews.com raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Scotiabank increased their target price on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price target on shares of WEC Energy Group from $97.00 to $104.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Bank of America increased their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average price target of $95.55.

WEC Energy Group Stock Down 0.7 %

WEC Energy Group stock opened at $97.71 on Thursday. The firm has a market capitalization of $30.91 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.67 and a beta of 0.46. The firm’s fifty day moving average price is $97.63 and its two-hundred day moving average price is $89.80. WEC Energy Group has a 1-year low of $75.13 and a 1-year high of $102.79. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. WEC Energy Group had a return on equity of 11.72% and a net margin of 15.14%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th were paid a $0.8925 dividend. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 annualized dividend and a yield of 3.65%. WEC Energy Group’s dividend payout ratio is currently 81.66%.

Insider Buying and Selling at WEC Energy Group

In other news, CEO Scott J. Lauber sold 6,720 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.89, for a total transaction of $677,980.80. Following the sale, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. This trade represents a 12.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gale E. Klappa sold 1,805 shares of WEC Energy Group stock in a transaction on Monday, November 18th. The stock was sold at an average price of $99.40, for a total transaction of $179,417.00. Following the sale, the director now directly owns 273,248 shares of the company’s stock, valued at $27,160,851.20. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,794 shares of company stock valued at $4,866,579 in the last three months. Company insiders own 0.34% of the company’s stock.

Institutional Trading of WEC Energy Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank boosted its position in WEC Energy Group by 7.0% during the third quarter. Czech National Bank now owns 64,388 shares of the utilities provider’s stock valued at $6,193,000 after buying an additional 4,205 shares during the period. DRW Securities LLC purchased a new stake in WEC Energy Group during the 3rd quarter valued at about $1,392,000. Assenagon Asset Management S.A. grew its position in WEC Energy Group by 2,949.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 232,018 shares of the utilities provider’s stock worth $18,204,000 after acquiring an additional 224,410 shares during the last quarter. Atria Investments Inc increased its stake in WEC Energy Group by 13.8% in the 3rd quarter. Atria Investments Inc now owns 62,873 shares of the utilities provider’s stock worth $6,047,000 after purchasing an additional 7,646 shares during the period. Finally, RFG Advisory LLC increased its stake in WEC Energy Group by 35.0% in the 2nd quarter. RFG Advisory LLC now owns 29,446 shares of the utilities provider’s stock worth $2,310,000 after purchasing an additional 7,640 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

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.