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In a recent transaction reported to the Securities and Exchange Commission, Ulice Jr. Payne, a director at WEC Energy Group, Inc. (NYSE:WEC), sold 1,150 shares of the company’s common stock. The shares were sold at an average price of $104.166, amounting to a total transaction value of $119,790. The stock, currently trading at $106.31, has shown strong momentum with a 38% return over the past year. According to InvestingPro analysis, WEC appears slightly overvalued at current levels. Following this sale, Payne holds 21,951.1781 shares, which includes shares acquired through dividend reinvestment plans. This transaction was executed on February 24, 2025. Notably, WEC Energy Group has maintained dividend payments for 55 consecutive years, with a current yield of 3.4%. InvestingPro subscribers have access to 8 additional key insights about WEC’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, missing both earnings per share (EPS) and revenue expectations. The company posted an EPS of $1.10, falling short of the projected $1.47, and reported revenue of $2.28 billion, which was below the anticipated $2.56 billion. Despite the earnings miss, WEC Energy is optimistic about 2025, projecting EPS between $5.17 and $5.27, and plans significant investments in renewable energy projects.
Jefferies analyst Julien Dumoulin-Smith has raised WEC Energy’s price target to $103, up from $102, while maintaining a Hold rating. The analyst noted the potential for long-term EPS growth driven by data center projects and a 9% ratebase compound annual growth rate. However, the stock’s current 11% premium valuation influenced the decision to maintain the Hold rating.
Looking ahead, WEC Energy plans to issue $700-$800 million in common equity in 2025 and anticipates sales growth of 4.5-5% by late 2026. The company is also targeting a long-term EPS growth rate of 6.5% to 7%. CEO Scott Lauber emphasized the company’s commitment to a $28 billion capital plan over the next five years, driven by strong regional economic growth.
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