WEC Energy Group, Inc. (WEC)
| Market Cap | 29.40B |
| Revenue (ttm) | 9.60B |
| Net Income (ttm) | 1.41B |
| Shares Out | 315.44M |
| EPS (ttm) | 4.45 |
| PE Ratio | 20.95 |
| Forward PE | 21.10 |
| Dividend | $2.96 (3.18%) |
| Ex-Dividend Date | Feb 13, 2023 |
| Volume | 1,151,437 |
| Open | 90.55 |
| Previous Close | 89.93 |
| Day's Range | 90.19 - 93.23 |
| 52-Week Range | 80.82 - 108.39 |
| Beta | 0.38 |
| Analysts | Buy |
| Price Target | 104.41 (+12.0%) |
| Earnings Date | May 1, 2023 |
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, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; tra... [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 18 analysts, the average rating for WEC stock is "Buy." The 12-month stock price forecast is $104.41, which is an increase of 12.00% from the latest price.
News
The 7 Best Utility Stocks to Buy as Yields Rise
With monetary policy possibly about to take a turn for the worst for risk-on assets, investors should consider the best utility stocks to buy. Unfortunately for Wall Street, the Personal Consumption E...
UTL vs. WEC: Which Stock Is the Better Value Option?
UTL vs. WEC: Which Stock Is the Better Value Option?
WEC Energy Group (WEC) Beats Q4 Earnings & Revenue Estimates
WEC Energy Group's (WEC) fourth-quarter earnings and revenues beat estimates. WEC gains from strong returns from its infrastructure and transmission segments.
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...
ALE or WEC: Which Is the Better Value Stock Right Now?
ALE vs. WEC: Which Stock Is the Better Value Option?
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...
Utilities to Report Q4 Earnings on Feb 2: CMS, WEC & BIP
Let's focus on utilities like CMS Energy Corporation (CMS), WEC Energy (WEC) and Brookfield Infrastructure (BIP), which are set to release fourth-quarter earnings on Feb 2.
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...
WEC Energy Group (WEC) to Report Q4 Results: Wall Street Expects Earnings Growth
WEC Energy (WEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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's (WEC) Board Approves a 7.2% Dividend Increase
WEC Energy's (WEC) 7.2% increase in quarterly dividend rate, with approval from its board of directors, extends its long history of dividend distribution.
Wisconsin Electric declares quarterly dividends
MILWAUKEE , Jan. 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 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 (WEC) Q3 Earnings and Revenues Beat Estimates
WEC Energy (WEC) cheers investors with better-than-expected third-quarter earnings. WEC gains on contribution from its infrastructure and transmission segments.
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...
WEC Energy Group (WEC) Q3 Earnings and Revenues Top Estimates
WEC Energy (WEC) delivered earnings and revenue surprises of 11.63% and 9.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
WEC Energy Group reports third-quarter results
MILWAUKEE , Nov. 1, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $302.0 million, or 96 cents per share, for the third quarter of 2022 — up from $290.0 million, or 92 ...
Utility Stocks' Q3 Earnings to Watch on Nov 1: EIX, CNP, WEC
Total Q3 earnings of Utility stocks are expected to decline 9.3% year over year, while revenues are likely to improve 3%. EIX, CNP & WEC are set to post Q3 earnings on Nov 1
WEC Energy Group to acquire 80% ownership of Maple Flats Solar Energy Center
MILWAUKEE , Oct. 31, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Maple Flats Solar Energy Center. Located ...
ComEd, Peoples Gas, and North Shore Gas to Collaborate on Gas Meter Reading
CHICAGO--(BUSINESS WIRE)-- #AdvancedMetering--The Illinois Commerce Commission today approved an innovative collaboration that enables Peoples Gas and North Shore Gas to securely transmit natural gas ...
These 2 Utility Dividends Will Soar (And This One Will Crash)
Utility dividends haven't been this generous in years. Thank you, stock market selloff!
WEC Energy Group to announce 2022 third-quarter results Nov. 1
MILWAUKEE , Oct. 25, 2022 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2022 third-quarter earnings news release before the stock market opens Tuesday, Nov. 1. A conference call for...
Analysts Estimate WEC Energy Group (WEC) to Report a Decline in Earnings: What to Look Out for
WEC Energy (WEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.