FY2030 Earnings Forecast for WEC Issued By KeyCorp

by · The Cerbat Gem

WEC Energy Group, Inc. (NYSE:WEC – Free Report) – Investment analysts at KeyCorp issued their FY2030 EPS estimates for WEC Energy Group in a report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp anticipates that the utilities provider will earn $7.51 per share for the year. KeyCorp currently has a “Overweight” rating and a $117.00 target price on the stock. The consensus estimate for WEC Energy Group’s current full-year earnings is $5.59 per share.

WEC Energy Group (NYSE:WEC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS.

WEC has been the subject of several other research reports. Truist Financial boosted their price objective on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Barclays raised their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.20.

View Our Latest Research Report on WEC Energy Group

WEC Energy Group Stock Performance

NYSE:WEC opened at $113.91 on Monday. The business’s 50-day moving average price is $113.91 and its two-hundred day moving average price is $113.60. WEC Energy Group has a twelve month low of $102.95 and a twelve month high of $119.91. The stock has a market cap of $37.10 billion, a P/E ratio of 22.74, a PEG ratio of 2.00 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEC. Oak Thistle LLC bought a new stake in WEC Energy Group in the 4th quarter worth about $5,363,000. Vaughan Nelson Investment Management L.P. lifted its stake in WEC Energy Group by 26.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 529,319 shares of the utilities provider’s stock valued at $55,822,000 after acquiring an additional 109,745 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in WEC Energy Group by 24.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after acquiring an additional 10,606 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of WEC Energy Group by 195.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after acquiring an additional 318,846 shares during the last quarter. Finally, BLB&B Advisors LLC bought a new stake in shares of WEC Energy Group in the fourth quarter worth approximately $6,096,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

WEC Energy Group Company Profile

(Get Free Report)

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.

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