WEC Energy Group (NYSE:WEC) issued its earnings results on Sunday. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14, MarketWatch Earnings reports. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.22 billion. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The company’s revenue was up 27.6% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS.
NYSE:WEC traded down $0.14 during mid-day trading on Tuesday, hitting $97.86. The company’s stock had a trading volume of 1,344,754 shares, compared to its average volume of 1,347,754. The business’s fifty day moving average is $93.81 and its two-hundred day moving average is $92.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.49 and a quick ratio of 0.36. WEC Energy Group has a 1 year low of $80.55 and a 1 year high of $106.85. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 4.51 and a beta of 0.18.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be given a $0.6775 dividend. This represents a $2.71 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, May 13th. WEC Energy Group’s payout ratio is 75.70%.
A number of equities analysts have recently issued reports on the company. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and set a $107.00 price target on the stock in a research note on Wednesday, January 13th. Mizuho assumed coverage on WEC Energy Group in a report on Wednesday, April 14th. They set a “neutral” rating and a $94.00 price target on the stock. Finally, Wells Fargo & Company raised WEC Energy Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $94.00 to $93.00 in a report on Wednesday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $95.45.
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. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
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