WEC Energy Group (NYSE:WEC – Get Rating) will post its quarterly earnings results before the market opens on Monday, May 2nd. Analysts expect WEC Energy Group to post earnings of $1.64 per share for the quarter. WEC Energy Group has set its FY22 guidance at $4.29-4.33 EPS and its Q1 guidance at $1.68-$1.70 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
WEC Energy Group (NYSE:WEC – Get Rating) last posted its earnings results on Thursday, February 3rd. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.86 billion. WEC Energy Group had a return on equity of 11.80% and a net margin of 15.64%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, analysts expect WEC Energy Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NYSE:WEC opened at $103.98 on Monday. The company has a market cap of $32.80 billion, a P/E ratio of 25.30, a P/E/G ratio of 4.04 and a beta of 0.29. The stock’s fifty day moving average price is $96.71 and its two-hundred day moving average price is $94.23. WEC Energy Group has a 1 year low of $86.84 and a 1 year high of $106.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.71 and a quick ratio of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be given a $0.7275 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 2.80%. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.80%.
A number of equities research analysts recently issued reports on the company. StockNews.com assumed coverage on WEC Energy Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Evercore ISI reiterated a “hold” rating and issued a $97.00 price objective on shares of WEC Energy Group in a research report on Friday, February 4th. BMO Capital Markets reiterated a “hold” rating and issued a $98.00 price objective on shares of WEC Energy Group in a research report on Friday, February 4th. Finally, The Goldman Sachs Group upgraded WEC Energy Group from a “sell” rating to a “neutral” rating and set a $99.00 price objective on the stock in a research report on Thursday, January 13th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $100.22.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC bought a new position in WEC Energy Group during the 4th quarter worth approximately $32,000. Zullo Investment Group Inc. bought a new position in shares of WEC Energy Group in the fourth quarter worth approximately $36,000. First Community Trust NA bought a new position in shares of WEC Energy Group in the fourth quarter worth approximately $42,000. EverSource Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth $57,000. Finally, CWA Asset Management Group LLC bought a new stake in WEC Energy Group during the 4th quarter valued at $218,000. 72.83% of the stock is owned by institutional investors.
About WEC Energy Group (Get Rating)
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
Receive News & Ratings for WEC Energy Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for WEC Energy Group and related companies with MarketBeat.com’s FREE daily email newsletter.