WEC Energy Group, Inc. (WEC)
Market Cap | 26.66B |
Revenue (ttm) | 8.69B |
Net Income (ttm) | 1.45B |
Shares Out | 315.82M |
EPS (ttm) | 4.59 |
PE Ratio | 18.39 |
Forward PE | 17.68 |
Dividend | $3.34 (3.96%) |
Ex-Dividend Date | May 13, 2024 |
Volume | 953,534 |
Open | 85.23 |
Previous Close | 84.88 |
Day's Range | 84.09 - 85.28 |
52-Week Range | 75.13 - 93.37 |
Beta | 0.40 |
Analysts | Hold |
Price Target | 87.14 (+3.22%) |
Earnings Date | May 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. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintai... [Read more]
Financial Performance
In 2023, WEC's revenue was $8.89 billion, a decrease of -7.34% compared to the previous year's $9.60 billion. Earnings were $1.33 billion, a decrease of -5.43%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for WEC stock is "Hold." The 12-month stock price forecast is $87.14, which is an increase of 3.22% from the latest price.
News
Klappa, Lauber highlight exceptional year for WEC Energy Group
MILWAUKEE , May 9, 2024 /PRNewswire/ -- At WEC Energy Group's (NYSE: WEC) annual meeting of stockholders today, Gale Klappa, executive chairman, and Scott Lauber, president and CEO, highlighted anothe...
WEC Energy Group reports first-quarter results
MILWAUKEE , May 1, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $622.3 million, or $1.97 per share, for the first quarter of 2024 — up from $507.5 million, or $1.61 p...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million.
WEC Energy Group to acquire 90% ownership of Delilah I Solar Energy Center
MILWAUKEE , April 29, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire a 90% ownership interest in the Delilah I Solar Energy Center. Delilah I ...
WEC Energy Group to announce 2024 first-quarter results May 1
MILWAUKEE , April 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2024 first-quarter earnings news release before the stock market opens Wednesday, May 1. A conference call f...
Wisconsin Electric declares quarterly dividends
MILWAUKEE , April 18, 2024 /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, paya...
WEC Energy Group declares quarterly dividend
MILWAUKEE , April 18, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 83.50 cents per share on the company's common stock. The ...
Hooper named President of We Energies and Wisconsin Public Service
MILWAUKEE , March 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company ...
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WEC Energy beats fourth-quarter profit estimates on lower operating expenses
WEC Energy beat quarterly profit estimates on Thursday, as the company benefited from lower operating expenses.
WEC Energy Group posts 2023 results
MILWAUKEE , Feb. 1, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income based on generally accepted accounting principles (GAAP) of $1.3 billion, or $4.22 per share, for 2023. ...
WEC Energy Group to announce 2023 fourth-quarter and year-end financial results Feb. 1
MILWAUKEE , Jan. 25, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 fourth-quarter and full-year earnings news release before the stock market opens Thursday, Feb. 1. A con...
WEC Energy Group Announces Preliminary Results of Tender Offer and Initial Settlement of Tender Offer
MILWAUKEE , Jan. 24, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE: WEC) ("WEC Energy Group") today announced the Early Tender Time (as defined below) results for its previously announced offer to...
WEC Energy Group raises quarterly dividend by 7 percent
MILWAUKEE , Jan. 18, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 83.50 cents per share on the company's common stock, an inc...
WEC Energy Group Commences Capped Tender Offer for 2007 Series A Junior Subordinated Notes due 2067
MILWAUKEE , Jan. 9, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE: WEC) ("WEC Energy Group") today announced that it has commenced an offer to purchase for cash (the "Tender Offer") up to $300,000...
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...
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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 ...