FY2025 EPS Estimates for WEC Energy Group Boosted by KeyCorp

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

A number of other research firms also recently commented on WEC. Bank of America increased their target price on WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Scotiabank increased their target price on WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their target price on WEC Energy Group from $97.00 to $104.00 and gave the company a “market perform” rating in a research report on Monday, December 2nd. Wells Fargo & Company increased their target price on WEC Energy Group from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.55.

WEC Energy Group Trading Down 0.6 %

WEC stock opened at $97.09 on Thursday. WEC Energy Group has a 1-year low of $75.13 and a 1-year high of $102.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.46. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.67 and a beta of 0.46. The business has a 50 day simple moving average of $97.63 and a two-hundred day simple moving average of $89.80.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Institutional Trading of WEC Energy Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WEC. Coastline Trust Co purchased a new position in shares of WEC Energy Group during the third quarter valued at $29,000. Global X Japan Co. Ltd. increased its stake in shares of WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock valued at $25,000 after buying an additional 118 shares during the period. William B. Walkup & Associates Inc. purchased a new position in shares of WEC Energy Group during the second quarter valued at $31,000. Triad Wealth Partners LLC purchased a new position in shares of WEC Energy Group during the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in WEC Energy Group in the third quarter valued at about $45,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, Director Gale E. Klappa sold 40,269 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.56, for a total value of $4,009,181.64. Following the sale, the director now owns 273,248 shares in the company, valued at $27,204,570.88. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 6,720 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $100.89, for a total value of $677,980.80. Following the completion of the sale, the chief executive officer now owns 45,709 shares in the company, valued at approximately $4,611,581.01. The trade was a 12.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,794 shares of company stock worth $4,866,579 over the last quarter. Company insiders own 0.34% of the company’s stock.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a $0.8925 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.57 dividend on an annualized basis and a yield of 3.68%. WEC Energy Group’s dividend payout ratio (DPR) is currently 81.66%.

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.