Wall Street analysts predict that WEC Energy Group, Inc. (NYSE:WEC) will post earnings of $0.65 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for WEC Energy Group’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.67. WEC Energy Group posted earnings of $0.61 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that WEC Energy Group will report full year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.10. For the next fiscal year, analysts anticipate that the company will report earnings of $3.29 per share, with EPS estimates ranging from $3.21 to $3.35. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for WEC Energy Group.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.

WEC has been the subject of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Bank of America Corporation boosted their price objective on shares of WEC Energy Group from $69.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $65.43.

In related news, VP Scott J. Lauber sold 1,240 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total value of $86,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gale E. Klappa sold 52,722 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,652 shares of company stock worth $9,062,580. Insiders own 0.97% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oakworth Capital Inc. grew its stake in WEC Energy Group by 8.8% in the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 132 shares during the last quarter. Cable Hill Partners LLC lifted its holdings in shares of WEC Energy Group by 3,307.8% during the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,687 shares during the period. Delphi Private Advisors LLC lifted its holdings in WEC Energy Group by 182.3% in the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 1,276 shares during the period. Country Trust Bank raised its stake in shares of WEC Energy Group by 5.7% during the 2nd quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after buying an additional 112 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of WEC Energy Group during the 2nd quarter worth approximately $132,000. Institutional investors own 70.30% of the company’s stock.

Shares of WEC Energy Group (NYSE WEC) traded up $0.01 during trading on Monday, hitting $68.77. 1,250,987 shares of the company were exchanged, compared to its average volume of 1,651,710. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $21,700.00, a price-to-earnings ratio of 22.87, a P/E/G ratio of 4.37 and a beta of 0.15. WEC Energy Group has a fifty-two week low of $54.90 and a fifty-two week high of $70.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 14th will be issued a $0.52 dividend. The ex-dividend date is Monday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.02%. WEC Energy Group’s payout ratio is 68.42%.

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About WEC Energy Group

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

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