WEC Energy Group, Inc. (WEC)
| Market Cap | 26.55B |
| Revenue (ttm) | 9.23B |
| Net Income (ttm) | 1.37B |
| Shares Out | 315.44M |
| EPS (ttm) | 4.33 |
| PE Ratio | 19.44 |
| Forward PE | 17.80 |
| Dividend | $3.34 (3.97%) |
| Ex-Dividend Date | Feb 13, 2024 |
| Volume | 997,964 |
| Open | 83.71 |
| Previous Close | 84.05 |
| Day's Range | 83.53 - 84.32 |
| 52-Week Range | 75.47 - 99.26 |
| Beta | 0.43 |
| Analysts | Hold |
| Price Target | 90.36 (+7.35%) |
| Earnings Date | Feb 1, 2024 |
About WEC
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, and oil, as well as hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distributio... [Read more]
Financial Performance
In 2022, WEC's revenue was $9.60 billion, an increase of 15.41% compared to the previous year's $8.32 billion. Earnings were $1.41 billion, an increase of 8.29%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for WEC stock is "Hold." The 12-month stock price forecast is $90.36, which is an increase of 7.35% from the latest price.
News
WEC Energy Group announces plan to increase dividend by 7 percent
MILWAUKEE , Dec. 20, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 83...
WEC Energy Group reports third-quarter results
MILWAUKEE , Oct. 31, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023 — up from $302.0 million, or 96 ce...
WEC Energy Group to announce 2023 third-quarter results Oct. 31
MILWAUKEE , Oct. 24, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 third-quarter earnings news release before the stock market opens Tuesday, Oct. 31. A conference call fo...
Wisconsin Electric declares quarterly dividends
MILWAUKEE , Oct. 19, 2023 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payab...
WEC Energy Group declares quarterly dividend
MILWAUKEE , Oct. 19, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 78 cents per share on the company's common stock. The divid...
‘Close your eyes and buy' these utilities stocks, analyst says
The crisis-like selloff in the utilities sector, resulting from the spike in interest rates, has created historically attractive buying opportunities for a number of stocks, KeyBanc Capital's Sophie K...
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WEC Energy Group's Corporate Responsibility Report highlights sustainable progress for an enduring enterprise
MILWAUKEE , Aug. 9, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today released its 2022 Corporate Responsibility Report. The report provides a comprehensive overview of the company's environment...
WEC Energy beats profit estimates on lower costs
WEC Energy Group beat estimates for second-quarter profit on Tuesday, as lower operating costs helped offset decline in energy demand.
WEC Energy Group reports second-quarter results
MILWAUKEE , Aug. 1, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $289.7 million, or 92 cents per share, for the second quarter of 2023 — up from $287.5 million, or 91...
WEC Energy Group to announce 2023 second-quarter results Aug. 1
MILWAUKEE , July 25, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 second-quarter earnings news release before the stock market opens Tuesday, Aug. 1. A conference call fo...
WEC Energy Group to replace reference rate for Junior Subordinated Notes
MILWAUKEE , June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the ...
Mizuho: Utilities have underperformed this year, but earnings look promising
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Klappa, Lauber highlight exceptional year for WEC Energy Group
MILWAUKEE , May 4, 2023 /PRNewswire/ -- At WEC Energy Group's (NYSE: WEC) annual meeting of stockholders today, Gale Klappa, executive chairman, and Scott Lauber, president and CEO highlighted another...
WEC Energy Group reports first-quarter results
MILWAUKEE , May 1, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $507.5 million, or $1.61 per share, for the first quarter of 2023 — down from $565.9 million, or $1.79...
WEC Energy Group to announce 2023 first-quarter results May 1
MILWAUKEE , April 24, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 first-quarter earnings news release before the stock market opens Monday, May 1. A conference call for ...
WEC Energy Group announces project to demonstrate long-duration organic flow battery storage
MILWAUKEE , Feb. 2, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company will lead a pilot project at its Valley Power Plant in Milwaukee to test a new form of long-durat...
WEC Energy Group posts 2022 results
MILWAUKEE , Feb. 2, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $1.4 billion, or $4.45 per share, for 2022. This compares to earnings of $1.3 billion, or $4.11 per s...
WEC Energy Group to acquire 80% ownership of Samson I Solar Energy Center
MILWAUKEE , Jan. 31, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Samson I Solar Energy Center. Samson I is...
WEC Energy Group to announce 2022 fourth-quarter and year-end financial results Feb. 2
MILWAUKEE , Jan. 26, 2023 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2022 fourth-quarter and full-year earnings news release before the stock market opens Thursday, Feb. 2. A con...
Wisconsin utility crew helping restore power in central California helps save a woman's life after she drove off a 75-foot embankment
Crash happened near Livingston, California MILWAUKEE, Wis. , Jan. 20, 2023 /PRNewswire/ -- For We Energies workers, helping people is their calling — they just didn't expect it would happen 2,000 mile...
WEC Energy Group raises quarterly dividend by 7.2 percent
MILWAUKEE , Jan. 19, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 78 cents per share on the company's common stock, an increa...
WEC Energy Group announces plan to increase dividend by 7.2 percent
MILWAUKEE , Dec. 13, 2022 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 78...
WEC Energy Group, EPRI complete world's first-of-its-kind hydrogen power test
MILWAUKEE , Nov. 1, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) and EPRI announced today the successful demonstration of blending hydrogen in a natural gas generator. The project is the first hy...