Analysts expect WEC Energy Group Inc (NYSE:WEC) to post earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for WEC Energy Group’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.71. WEC Energy Group reported earnings of $0.68 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, October 31st.

According to Zacks, analysts expect that WEC Energy Group will report full-year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.33. For the next financial year, analysts expect that the firm will post earnings of $3.51 per share, with EPS estimates ranging from $3.47 to $3.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover WEC Energy Group.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.57 billion. WEC Energy Group had a return on equity of 11.18% and a net margin of 16.56%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS.

WEC has been the topic of a number of research reports. Howard Weil initiated coverage on WEC Energy Group in a research report on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 price target on the stock. Zacks Investment Research cut WEC Energy Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Scotia Howard Weill initiated coverage on WEC Energy Group in a research report on Tuesday, September 4th. They set a “sector outperform” rating and a $72.00 price target on the stock. Wells Fargo & Co increased their price target on WEC Energy Group from $71.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Finally, Deutsche Bank increased their price target on WEC Energy Group from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.36.

In related news, Director Barbara L. Bowles sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $66.45, for a total value of $166,125.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Frederick D. Kuester sold 168,790 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $66.94, for a total value of $11,298,802.60. The disclosure for this sale can be found here. 0.94% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of WEC. South Street Advisors LLC increased its position in shares of WEC Energy Group by 0.4% during the 2nd quarter. South Street Advisors LLC now owns 180,490 shares of the utilities provider’s stock valued at $11,668,000 after purchasing an additional 750 shares during the period. Legacy Capital Partners Inc. increased its position in shares of WEC Energy Group by 3.1% during the 2nd quarter. Legacy Capital Partners Inc. now owns 26,129 shares of the utilities provider’s stock valued at $1,689,000 after purchasing an additional 775 shares during the period. St. Johns Investment Management Company LLC increased its position in shares of WEC Energy Group by 100.0% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 800 shares during the period. Homrich & Berg increased its position in shares of WEC Energy Group by 6.6% during the 2nd quarter. Homrich & Berg now owns 13,279 shares of the utilities provider’s stock valued at $858,000 after purchasing an additional 819 shares during the period. Finally, Atria Investments LLC increased its position in shares of WEC Energy Group by 16.0% during the 3rd quarter. Atria Investments LLC now owns 6,538 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 901 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Shares of WEC Energy Group stock traded down $0.03 on Friday, reaching $67.49. 2,421,277 shares of the company were exchanged, compared to its average volume of 1,846,014. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 4.87 and a beta of 0.02. WEC Energy Group has a 1-year low of $58.48 and a 1-year high of $70.22.

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.

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