Wall Street brokerages expect WEC Energy Group Inc (NYSE:WEC) to post earnings per share of $0.75 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for WEC Energy Group’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.71. WEC Energy Group reported earnings of $0.73 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The firm is expected to report its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that WEC Energy Group will report full year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.55. For the next financial year, analysts anticipate that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.70 to $3.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for WEC Energy Group.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.08. WEC Energy Group had a net margin of 13.81% and a return on equity of 10.87%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. WEC Energy Group’s revenue for the quarter was up 4.0% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Wolfe Research set a $77.00 target price on shares of WEC Energy Group and gave the company a “sell” rating in a research note on Friday, April 26th. Scotiabank downgraded shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $76.00 to $78.00 in a research note on Wednesday, May 8th. Goldman Sachs Group downgraded shares of WEC Energy Group from a “neutral” rating to a “sell” rating and decreased their target price for the company from $71.00 to $70.00 in a research note on Monday, April 8th. Finally, Wells Fargo & Co upped their target price on shares of WEC Energy Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $74.33.

WEC traded up $0.18 during trading on Friday, hitting $82.41. 1,327,733 shares of the company’s stock were exchanged, compared to its average volume of 1,682,565. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02. WEC Energy Group has a 1 year low of $58.48 and a 1 year high of $83.01. The company has a market cap of $25.51 billion, a P/E ratio of 24.67, a P/E/G ratio of 5.04 and a beta of 0.16.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 2.86%. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.66%.

In other WEC Energy Group news, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $78.35, for a total transaction of $156,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tom Metcalfe sold 13,675 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.72, for a total transaction of $1,035,471.00. Following the transaction, the insider now owns 20,304 shares in the company, valued at $1,537,418.88. The disclosure for this sale can be found here. Insiders sold 282,622 shares of company stock valued at $22,903,752 over the last 90 days. Insiders own 0.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in WEC Energy Group by 1.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,026 shares of the utilities provider’s stock valued at $714,000 after acquiring an additional 130 shares during the last quarter. Cox Capital Mgt LLC boosted its stake in WEC Energy Group by 2.7% during the 4th quarter. Cox Capital Mgt LLC now owns 5,502 shares of the utilities provider’s stock valued at $397,000 after acquiring an additional 143 shares during the last quarter. 1ST Source Bank boosted its stake in WEC Energy Group by 3.6% during the 1st quarter. 1ST Source Bank now owns 4,138 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 144 shares during the last quarter. Cable Hill Partners LLC boosted its stake in WEC Energy Group by 11.0% during the 1st quarter. Cable Hill Partners LLC now owns 1,459 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 145 shares during the last quarter. Finally, Somerset Trust Co raised its holdings in shares of WEC Energy Group by 0.6% during the first quarter. Somerset Trust Co now owns 26,688 shares of the utilities provider’s stock worth $2,111,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 74.95% 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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Get a free copy of the Zacks research report on WEC Energy Group (WEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.