WEC Energy Group (WEC) Set to Announce Quarterly Earnings on Thursday

WEC Energy Group (NYSE:WEC) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect WEC Energy Group to post earnings of $0.84 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect WEC Energy Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

WEC Energy Group Stock Down 1.7 %

WEC opened at $95.33 on Wednesday. WEC Energy Group has a one year low of $75.13 and a one year high of $100.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.54 and a current ratio of 0.74. The stock’s fifty day moving average is $95.36 and its 200-day moving average is $86.94. The company has a market capitalization of $30.13 billion, a PE ratio of 20.81, a P/E/G ratio of 2.50 and a beta of 0.44.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 14th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Thursday, November 14th. WEC Energy Group’s dividend payout ratio is presently 72.93%.

Insider Activity

In other news, VP Joshua M. Erickson sold 350 shares of WEC Energy Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $89.75, for a total transaction of $31,412.50. Following the transaction, the vice president now owns 2,377 shares in the company, valued at approximately $213,335.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total value of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the completion of the transaction, the vice president now owns 2,377 shares in the company, valued at $213,335.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,702 shares of company stock worth $1,078,058. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WEC shares. Jefferies Financial Group started coverage on WEC Energy Group in a research report on Thursday, September 19th. They set a “hold” rating and a $102.00 target price on the stock. Scotiabank boosted their target price on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America boosted their target price on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their target price on WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and an average price target of $94.45.

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.