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Wisconsin Energy Corporation (NYSE:WEC) shares have reached an all-time high, trading at $110.36, as the company continues to outperform market expectations. According to InvestingPro data, the stock is currently trading above its Fair Value, with a P/E ratio of 22.5x. This new peak represents a significant milestone for WEC, reflecting a robust 1-year change of 36.99% in its stock price. Investors have shown increased confidence in the company’s strategic direction and growth prospects, propelling the stock to unprecedented levels. The company has demonstrated remarkable consistency in shareholder returns, having raised its dividend for 21 consecutive years. The impressive rally in WEC’s shares underscores the market’s positive reception to the company’s operational performance and its potential for sustained profitability in the energy sector. InvestingPro subscribers can access 7 additional key insights about WEC’s financial health, valuation metrics, and growth prospects in the comprehensive Pro Research Report.
In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, revealing a notable shortfall in both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted 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 this, WEC Energy provided a positive outlook for 2025, projecting EPS between $5.17 and $5.27. The company plans to issue $700-$800 million in common equity in 2025 to support its growth initiatives.
Jefferies analyst Julien Dumoulin-Smith raised the price target for WEC Energy to $103, maintaining a Hold rating on the stock, following the company’s earnings call. The analyst noted the potential for long-term EPS growth driven by data center projects and projected a compound annual growth rate (CAGR) of 7.2% from 2025 to 2030. Despite the positive long-term outlook, the stock’s current valuation and timing of growth led Jefferies to maintain its Hold rating.
Additionally, WEC Energy is focused on significant investments in renewable energy projects, aligning with its robust $28 billion capital plan over the next five years. The company has also been involved in ongoing negotiations regarding tariffs for large customers, which are expected to be resolved in the coming months.
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