WEC Energy Group (NYSE:WEC) issued an update on its FY20 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.71-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.75. WEC Energy Group also updated its FY 2020
After-Hours guidance to 3.71-3.75 EPS.
A number of brokerages have recently issued reports on WEC. UBS Group dropped their price target on WEC Energy Group from $93.00 to $91.00 and set a neutral rating for the company in a research report on Monday, June 22nd. Atlantic Securities started coverage on shares of WEC Energy Group in a research report on Friday, September 4th. They issued an overweight rating and a $112.00 price objective on the stock. Argus upped their price objective on shares of WEC Energy Group from $100.00 to $105.00 and gave the stock a buy rating in a research report on Tuesday, September 15th. KeyCorp upped their price objective on shares of WEC Energy Group from $99.00 to $102.00 and gave the stock an overweight rating in a research report on Friday, September 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of WEC Energy Group from $95.00 to $87.00 and set a neutral rating on the stock in a research report on Wednesday, May 27th. Four investment 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. The stock has an average rating of Hold and a consensus target price of $91.25.
NYSE:WEC opened at $93.06 on Thursday. The firm has a market cap of $29.35 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.16. WEC Energy Group has a fifty-two week low of $68.01 and a fifty-two week high of $109.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.49. The business has a 50 day moving average price of $94.19 and a 200-day moving average price of $91.74.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a $0.6325 dividend. This represents a $2.53 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, August 13th. WEC Energy Group’s payout ratio is 70.67%.
In related news, CEO Charles R. Matthews sold 14,481 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.05, for a total value of $1,376,419.05. Following the completion of the sale, the chief executive officer now owns 16,223 shares of the company’s stock, valued at $1,541,996.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.
WEC Energy Group Company Profile
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, 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.
See Also: Cost of Capital Explained
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.