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Wisconsin Energy Corporation (NYSE:WEC) stock soared to an all-time high this week, reaching a price level of $109.53, supported by a remarkable 55-year track record of consistent dividend payments. According to InvestingPro data, the company maintains a solid 3.3% dividend yield. The company, a leading utility provider with a $34.6 billion market cap, has witnessed a remarkable year, with its stock value climbing by 35.7% over the past twelve months. This significant growth reflects investor confidence in WEC’s consistent performance and strategic initiatives, which have propelled the company to new heights in a competitive industry. The stock’s low volatility profile and P/E ratio of 22.5x highlight its defensive characteristics. The all-time high milestone underscores the strong demand for WEC shares as the company continues to deliver on its commitment to sustainable energy solutions and shareholder value. With analyst price targets ranging from $93 to $115, investors seeking detailed insights can access comprehensive analysis and additional ProTips through InvestingPro’s exclusive research reports.
In other recent news, WEC Energy Group disclosed its fourth-quarter 2024 earnings, revealing a shortfall in both earnings per share (EPS) and revenue compared to analyst forecasts. The company reported an EPS of $1.10, falling short of the anticipated $1.47, and revenue of $2.28 billion, missing the expected $2.56 billion. Despite these setbacks, WEC Energy maintains a positive outlook for 2025, projecting EPS between $5.17 and $5.27. Jefferies analyst Julien Dumoulin-Smith raised the price target for WEC Energy to $103, up from $102, while maintaining a Hold rating on the stock. The adjustment follows the company’s recent earnings call and disclosure of its fourth-quarter results. Jefferies noted the potential for long-term EPS growth, driven by a robust 9% rate base compound annual growth rate, spurred by the expansion of data center projects. The firm highlighted the manageable regulatory risk and anticipated updates in the fall. Despite the positive long-term outlook, Jefferies’ decision to maintain a Hold rating reflects a cautious stance due to the stock trading at an 11% premium and the expected momentum in growth being weighted towards the latter part of the forecast period.
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