WEC stock hits 52-week high at $104.16 amid robust growth

Wisconsin Energy Corporation (NYSE:WEC) stock soared to a 52-week high of $104.16, reflecting a remarkable year of growth for the $33 billion market cap energy company. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with a P/E ratio of 21.5x. Investors have shown increased confidence in WEC’s market position and financial health, as evidenced by the stock’s impressive ascent. Over the past year, WEC has witnessed a substantial 35.4% total return, outpacing many of its industry peers. The company’s commitment to shareholder returns is demonstrated by its 21-year streak of consecutive dividend increases, currently yielding 3.45%. This surge to a new annual zenith underscores the company’s strong performance and the positive sentiment surrounding its strategic initiatives and outlook, supported by four analysts revising their earnings estimates upward for the upcoming period.Discover more valuable insights about WEC and access 8 additional exclusive ProTips with InvestingPro.

In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $1.10, missing the anticipated $1.47, and revenue came in at $2.28 billion, below the expected $2.56 billion. Despite this, the company expressed a positive outlook for 2025, projecting EPS between $5.17 and $5.27. WEC Energy plans significant investments in renewable energy projects and aims for a long-term compound annual growth rate of 6.5% to 7%.

Jefferies analyst Julien Dumoulin-Smith raised the price target for WEC Energy to $103 from $102 while maintaining a Hold rating on the stock. The analyst cited the company’s data center projects and long-term EPS growth potential as positive factors, although the stock’s current valuation and timing of anticipated growth were noted as concerns. The company’s plans include issuing $700-$800 million in common equity in 2025 to support its growth initiatives. Additionally, WEC Energy is targeting a 4.5-5% sales growth by late 2026, driven by strong economic prospects in its operating regions.

These developments reflect WEC Energy’s strategic focus on expanding its infrastructure and managing regulatory risks, while also addressing challenges such as weather-related impacts on performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.