WEC Energy Group (NYSE:WEC) Issues Quarterly Earnings Results, Beats Expectations By $0.14 EPS
WEC Energy Group (NYSE:WEC) released its quarterly earnings results on Sunday. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.14, MarketWatch Earnings reports. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.22 billion. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS.
Shares of WEC Energy Group stock traded down $0.42 on Tuesday, reaching $97.58. The company had a trading volume of 15,365 shares, compared to its average volume of 1,347,335. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 4.51 and a beta of 0.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.49 and a quick ratio of 0.36. The firm’s 50-day moving average price is $93.62 and its two-hundred day moving average price is $92.24. WEC Energy Group has a 1 year low of $80.55 and a 1 year high of $106.85.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be issued a $0.6775 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, May 13th. WEC Energy Group’s dividend payout ratio (DPR) is 75.70%.
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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