WEC Energy Group, Inc. (WEC)

NYSE: WEC · IEX Real-Time Price · USD
79.63
+1.83 (2.35%)
At close: Apr 17, 2024, 4:00 PM
80.10
+0.47 (0.59%)
Pre-market: Apr 18, 2024, 6:23 AM EDT
2.35%
Market Cap 25.13B
Revenue (ttm) 8.89B
Net Income (ttm) 1.33B
Shares Out 315.56M
EPS (ttm) 4.22
PE Ratio 18.87
Forward PE 16.29
Dividend $3.34 (4.19%)
Ex-Dividend Date Feb 13, 2024
Volume 1,089,706
Open 78.43
Previous Close 77.80
Day's Range 78.34 - 79.81
52-Week Range 75.13 - 98.80
Beta 0.41
Analysts Hold
Price Target 87.23 (+9.54%)
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]

Sector Utilities
CEO Scott J. Lauber
Employees 7,000
Stock Exchange NYSE
Ticker Symbol WEC
Full Company Profile

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 Statements

Analyst Forecast

According to 13 analysts, the average rating for WEC stock is "Hold." The 12-month stock price forecast is $87.23, which is an increase of 9.54% from the latest price.

Price Target
$87.23
(9.54% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

Other symbols: NI
5 weeks ago - PRNewsWire

2 Surging Dividends To Buy As Powell Tries To ‘Stick The Landing'

If we can say one thing about the rest of 2024, it's this: We're looking at a stock-picker's year here—and folks who try to play it with vanilla ETFs will have a tough time.

Other symbols: ETR
2 months ago - Forbes

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.

2 months ago - Reuters

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. ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

Wisconsin Electric declares quarterly dividends

MILWAUKEE , Jan. 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, payab...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

‘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...

Other symbols: AEECMSCNPDTEETRFENWE
6 months ago - Market Watch

3 Growing Dividends To Supercharge Your Income

Dividend deals are lining up for us across the board—and they're likely to get better as September unfolds.

Other symbols: CCISTAG
8 months ago - Forbes

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...

9 months ago - PRNewsWire

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.

9 months ago - Reuters

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...

9 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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 ...

10 months ago - PRNewsWire

Mizuho: Utilities have underperformed this year, but earnings look promising

Anthony Crowdell, Mizuho Research Analyst, discusses the utilities sector following the Fed's latest rate decision.

Other symbols: AEECEGCMSDDTEEIXIDA
10 months ago - CNBC Television

Top 4 Utilities Stocks That Could Lead To Your Biggest Gains In Q2 - Exelon (NASDAQ:EXC), American Electric Power (NASDAQ:AEP)

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: AEPEXCRGCO
11 months ago - Benzinga

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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 ...

1 year ago - PRNewsWire