NYSE:WEC

WEC Energy Group (WEC) Stock Forecast, Price & News

$80.55

+0.67 (+0.84%)

(As of 09/29/2023 ET)

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Today's Range: $79.98
▼
$81.06
50-Day Range: $79.89
▼
$92.54
52-Week Range: $79.22
▼
$101.11

Volume: 1.76 million shs
Average Volume: 1.50 million shs
Market Capitalization: $25.41 billion

P/E Ratio: 18.78
Dividend Yield: 3.87%
Price Target: $95.77

WEC Energy Group MarketRank™ Forecast

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 18.9% Upside
$95.77 Price Target
Short Interest: Healthy
1.27% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.85
Upright™ Environmental Score
News Sentiment: 0.88
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.51%
From $4.61 to $4.91 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.98 out of 5 stars

Utilities Sector

14th out of 88 stocks

Electric & Other Services Combined Industry

2nd out of 18 stocks

3.1

Analyst's Opinion

Consensus Rating
WEC Energy Group has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 3 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $95.77, WEC Energy Group has a forecasted upside of 18.9% from its current price of $80.55.
Amount of Analyst Coverage
WEC Energy Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.27% of the float of WEC Energy Group has been sold short.
Short Interest Ratio / Days to Cover
WEC Energy Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in WEC Energy Group has recently decreased by 3.38%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
WEC Energy Group is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
WEC Energy Group has been increasing its dividend for 19 years.
Dividend Coverage
The dividend payout ratio of WEC Energy Group is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 63.54% next year. This indicates that WEC Energy Group will be able to sustain or increase its dividend.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
WEC Energy Group has received a 10.02% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution equipment maintenance", "Natural gas distribution services", "Electricity produced with natural gas", "Construction of power lines", and "Renovation of power lines" products. See details.
Environmental Sustainability
The Environmental Impact score for WEC Energy Group is -5.85.

3.8

News and Social Media Coverage

News Sentiment
WEC Energy Group has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for WEC Energy Group this week, compared to 5 articles on an average week.
Search Interest
3 people have searched for WEC on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
11 people have added WEC Energy Group to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WEC Energy Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.34% of the stock of WEC Energy Group is held by insiders.
Percentage Held by Institutions
75.75% of the stock of WEC Energy Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for WEC Energy Group are expected to grow by 6.51% in the coming year, from $4.61 to $4.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WEC Energy Group is 18.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of WEC Energy Group is 18.78, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.24.
Price to Earnings Growth Ratio
WEC Energy Group has a PEG Ratio of 3.04. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
WEC Energy Group has a P/B Ratio of 2.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About WEC Energy Group (NYSE:WEC) Stock

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 distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2022, it operated approximately 35,600 miles of overhead distribution lines and 36,100 miles of underground distribution cables, as well as 430 electric distribution substations and 514,800 line transformers; 52,000 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

WEC Price History

30 days | 90 days | 365 days | Advanced Chart

WEC Stock News Headlines

September 18, 2023 | marketbeat.com

3 Back-to-School Buys for Dividends Up to 6.5% (and 91% Payout Growth)

September 30, 2023 | americanbankingnews.com

Royal Bank of Canada Begins Coverage on WEC Energy Group (NYSE:WEC)

October 1, 2023 | Behind the Markets (Ad)

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September 28, 2023 | msn.com

RBC Capital Initiates Coverage of WEC Energy Group (WEC) with Sector Perform Recommendation

September 27, 2023 | markets.businessinsider.com

WEC Energy Is 'Leader Of The Pack' With Strong Prospect In Wisconsin, Analyst Says

September 25, 2023 | americanbankingnews.com

WEC Energy Group, Inc. (NYSE:WEC) to Post Q4 2024 Earnings of $0.99 Per Share, Zacks Research Forecasts

September 23, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for WEC Energy Group, Inc. (NYSE:WEC) Cut by Analyst

September 22, 2023 | msn.com

Alliant lands $30 million DOE grant for nation's first carbon dioxide-based battery

October 1, 2023 | Legacy Research (Ad)

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September 17, 2023 | finance.yahoo.com

Investors Met With Slowing Returns on Capital At WEC Energy Group (NYSE:WEC)

September 11, 2023 | msn.com

Ladenburg Thalmann Initiates Coverage of WEC Energy Group (WEC) with Neutral Recommendation

September 11, 2023 | markets.businessinsider.com

What 9 Analyst Ratings Have To Say About WEC Energy Group

September 5, 2023 | bizjournals.com

German firm testing battery tech in Milwaukee expands U.S. pilot efforts

September 1, 2023 | benzinga.com

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $5,600 Today

August 31, 2023 | finance.yahoo.com

Why Is WEC Energy (WEC) Down 4.8% Since Last Earnings Report?

August 24, 2023 | msn.com

Barclays Initiates Coverage of WEC Energy Group (WEC) with Underweight Recommendation

August 17, 2023 | benzinga.com

Here's How Much $100 Invested In WEC Energy Group 20 Years Ago Would Be Worth Today

August 17, 2023 | marketwatch.com

WEC Energy Group Inc. stock underperforms Thursday when compared to competitors despite daily gains

August 17, 2023 | finance.yahoo.com

Investing in WEC Energy Group (NYSE:WEC) five years ago would have delivered you a 46% gain

August 16, 2023 | msn.com

Electric rates are on the rise in Wisconsin. Here how you can weigh in on 2024 bills

August 15, 2023 | finance.yahoo.com

WEC Energy Group, Inc.: Reaffirming $106 target

August 15, 2023 | finance.yahoo.com

Wisconsin utilities want more than $500 million in rate increases. How much more will you pay?

August 10, 2023 | benzinga.com

Looking Into WEC Energy Group's Recent Short Interest

August 10, 2023 | seekingalpha.com

WEC Energy Group, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | finance.yahoo.com

WEC Energy Group's Corporate Responsibility Report highlights sustainable progress for an enduring enterprise

August 8, 2023 | finance.yahoo.com

NRG Energy (NRG) Q2 Earnings & Revenues Surpass Estimates

August 3, 2023 | markets.businessinsider.com

Expert Ratings for WEC Energy Group

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WEC Company Calendar

Last Earnings: 8/01/2023
Ex-Dividend for 9/1 Dividend: 8/11/2023
Dividend Payable: 9/01/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric & other services combined
Sub-Industry: Multi-Utilities
Sector: Utilities
Current Symbol: NYSE:WEC
CUSIP: 97665710
CIK: 783325
Web: www.wecenergygroup.com
Phone: (414) 221-2345
Fax: N/A
Employees: 7,022
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $95.77
High Stock Price Forecast: $104.00
Low Stock Price Forecast: $83.00
Forecasted Upside/Downside: +18.9%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.29
Trailing P/E Ratio: 18.78
Forward P/E Ratio: 17.47
P/E Growth: 3.01
Net Income: $1.41 billion
Net Margins: 14.57%
Pretax Margin: 17.31%
Return on Equity: 11.48%
Return on Assets: 3.21%

Debt

Debt-to-Equity Ratio: 1.30
Current Ratio: 0.60
Quick Ratio: 0.45

Sales & Book Value

Annual Sales: $9.60 billion
Price / Sales: 2.65
Cash Flow: $8.09 per share
Price / Cash Flow: 9.96
Book Value: $36.73 per share
Price / Book: 2.19

Miscellaneous

Outstanding Shares: 315,430,000
Free Float: 314,363,000
Market Cap: $25.41 billion
Optionable: Optionable
Beta: 0.41

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Key Executives

Mr. Gale E. Klappa (Age 72)
Exec. Chairman
Comp: $4.59M

Mr. Scott J. Lauber (Age 57)
Pres, CEO & Director
Comp: $4.29M

Ms. Xia Liu C.F.A. (Age 53)
Exec. VP & CFO
Comp: $2.46M

Ms. Margaret C. Kelsey (Age 58)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $1.66M

Mr. Robert M. Garvin (Age 56)
Exec. VP of External Affairs
Comp: $1.29M

Mr. William J. Guc (Age 53)
VP, Controller & Principal Accounting Officer

Ms. Mary Beth Straka CPA (Age 58)
Sr. VP of Corp. Communications & Investor Relations

Mr. James A. Schubilske (Age 57)
VP & Chief Audit Officer

Mr. Andy Hesselbach
Sr. VP of Gas Operations

Mr. Torrence Hinton
Pres of Peoples Gas & North Shore Gas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WEC Stock - Frequently Asked Questions

Should I buy or sell WEC Energy Group stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEC, but not buy additional shares or sell existing shares.
View WEC analyst ratings or view top-rated stocks.
What is WEC Energy Group's stock price forecast for 2023?: 9 Wall Street analysts have issued 12 month target prices for WEC Energy Group's stock. Their WEC share price forecasts range from $83.00 to $104.00. On average, they predict the company's stock price to reach $95.77 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for WEC or view top-rated stocks among Wall Street analysts.
How have WEC shares performed in 2023?: WEC Energy Group's stock was trading at $93.76 at the beginning of 2023. Since then, WEC shares have decreased by 14.1% and is now trading at $80.55.
View the best growth stocks for 2023 here.
When is WEC Energy Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our WEC earnings forecast.
How were WEC Energy Group's earnings last quarter?: WEC Energy Group, Inc. (NYSE:WEC) announced its earnings results on Tuesday, August, 1st. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The utilities provider earned $1.83 billion during the quarter, compared to the consensus estimate of $2.05 billion. WEC Energy Group had a trailing twelve-month return on equity of 11.48% and a net margin of 14.57%. The firm's revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share.
Read the conference call transcript.
How often does WEC Energy Group pay dividends? What is the dividend yield for WEC Energy Group?: WEC Energy Group declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Monday, August 14th will be given a dividend of $0.78 per share on Friday, September 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for WEC.
What ETFs hold WEC Energy Group's stock?: ETFs with the largest weight of WEC Energy Group (NYSE:WEC) stock in their portfolio include TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN), Utilities Select Sector SPDR Fund (XLU), IQ CBRE Real Assets ETF (IQRA) and Fidelity MSCI Utilities Index ETF (FUTY).
Is WEC Energy Group a good dividend stock?: WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.12 per share and currently has a dividend yield of 3.91%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC will have a dividend payout ratio of 63.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WEC.

What guidance has WEC Energy Group issued on next quarter's earnings?: WEC Energy Group issued an update on its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided earnings per share guidance of $4.58-$4.62 for the period, compared to the consensus EPS estimate of $4.61. The company issued revenue guidance of -.
What other stocks do shareholders of WEC Energy Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other WEC Energy Group investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Procter & Gamble (PG), Intel (INTC), Altria Group (MO), Pfizer (PFE) and Walmart (WMT).
What is WEC Energy Group's stock symbol?: WEC Energy Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEC."
How do I buy shares of WEC Energy Group?: Shares of WEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is WEC Energy Group's stock price today?: One share of WEC stock can currently be purchased for approximately $80.55.
How much money does WEC Energy Group make?: WEC Energy Group (NYSE:WEC) has a market capitalization of $25.41 billion and generates $9.60 billion in revenue each year. The utilities provider earns $1.41 billion in net income (profit) each year or $4.29 on an earnings per share basis.
How many employees does WEC Energy Group have?: The company employs 7,022 workers across the globe.
Does WEC Energy Group have any subsidiaries?: The following companies are subsidiares of WEC Energy Group: Bishop Hill Energy III Holdings LLC, Blooming Grove Wind Energy Center Holdings LLC, Coyote Ridge Wind LLC, ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., American Transmission Company LLC, BGS Kimball Gas Storage LLC, Bluewater Gas Storage LLC, Bluewater Natural Gas Holding LLC, Elm Road Generating Station Supercritical LLC, Elm Road Services LLC, Integrys Energy Group, Integrys Holding Inc., Jayhawk Wind LLC, Michigan Gas Utilities Corporation, Minnesota Energy Resources Corporation, North Shore Gas Company, Peoples Energy LLC, Peoples Energy Ventures LLC, Port Washington Generating Station LLC, Tatanka Ridge Wind LLC, The Peoples Gas Light and Coke Company, Upper Michigan Energy Resources Corporation, Upstream Wind Energy Holdings LLC, W.E. Power LLC, WEC Business Services LLC, WEC Infrastructure LLC, WEC Infrastructure Wind Holding I LLC, WEC Investments LLC, WISPARK LLC, WPS Power Development LLC, WPS Visions Inc., Wicor, Wisconsin Electric Power Company, Wisconsin Energy Capital Corporation, Wisconsin Gas LLC, Wisconsin Public Service Corporation, Wisconsin River Power Company, and Wisvest LLC.
Read More
How can I contact WEC Energy Group?: WEC Energy Group's mailing address is 231 WEST MICHIGAN STREET P O BOX 1331, MILWAUKEE WI, 53201. The official website for the company is www.wecenergygroup.com. The utilities provider can be reached via phone at (414) 221-2345 or via email at wec.institutional-investor-relations.contact@wecenergygroup.com.

This page (NYSE:WEC) was last updated on 10/1/2023 by MarketBeat.com Staff

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