Latest news with #WECEnergy
Yahoo
15 hours ago
- Business
- Yahoo
WEC Energy (WEC) Down 3.6% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for WEC Energy Group (WEC). Shares have lost about 3.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is WEC Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. The consensus estimate has shifted -7.11% due to these changes. At this time, WEC Energy has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, WEC Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. WEC Energy is part of the Zacks Utility - Electric Power industry. Over the past month, Eversource Energy (ES), a stock from the same industry, has gained 3.9%. The company reported its results for the quarter ended March 2025 more than a month ago. Eversource reported revenues of $4.12 billion in the last reported quarter, representing a year-over-year change of +23.6%. EPS of $1.50 for the same period compares with $1.49 a year ago. Eversource is expected to post earnings of $0.99 per share for the current quarter, representing a year-over-year change of +4.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.3%. Eversource has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WEC Energy Group, Inc. (WEC) : Free Stock Analysis Report Eversource Energy (ES) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
WEC Energy price target raised to $115 from $110 at Scotiabank
Scotiabank analyst Andrew Weisel raised the firm's price target on WEC Energy (WEC) to $115 from $110 and keeps an Outperform rating on the shares. The firm remains bullish on the stock as it believes the above average EPS/DPS growth and consistency should be attractive in today's uncertain macroeconomic environment, the analyst tells investors. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on WEC: Disclaimer & DisclosureReport an Issue WEC Energy Group Reports Strong Q1 2025 Earnings WEC Energy Group's Strong Start: Earnings and Investments WEC Energy sees Q2 EPS 63c-69c, consensus 91c WEC Energy reports Q1 EPS $2.27, consensus $2.18 WEC Energy reaffirms FY25 EPS view $5.17-$5.27, consensus $5.24 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
06-05-2025
- Business
- Reuters
WEC Energy posts higher first-quarter profit on strong power demand
May 6 (Reuters) - WEC Energy (WEC.N), opens new tab reported a first-quarter profit on Tuesday that rose 16.4% on the back of increased power consumption by residential, industrial and commercial customers. Power consumption is expected to reach record highs in 2025 and 2026, driven by AI and data centers as well as residential and commercial customers, according to the U.S. Energy Information Administration. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. WEC Energy's natural gas deliveries in Wisconsin, excluding natgas used for power generation, rose 15.5% in the first quarter. The company provides natural gas to customers via its units We Power and Wisconsin Public Service. Residential power use rose by 5.5% and total retail deliveries increased by nearly 3%, WEC Energy said. The company's first-quarter operating revenue rose 17.5% to $3.15 billion, compared with analysts' average expectation of $2.82 billion, according to data compiled by LSEG. WEC Energy's total operating expenses rose 18.5% to $2.21 billion, while interest expenses rose 16.1%. The company, which provides electricity and gas to nearly 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota, reaffirmed its annual profit forecast. Milwaukee-based WEC Energy's net income rose to $724.2 million, or $2.27 per share, in the first quarter, from $622.3 million, or $1.97 per share, a year earlier.
