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

8 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, 3 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.
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8 Wall Street analysts have issued twelve-month target prices for WEC Energy Group's stock. Their WEC share price forecasts range from $83.00 to $104.00. On average, they anticipate the company's share price to reach $95.83 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
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WEC Energy Group's stock was trading at $93.76 at the start of the year. Since then, WEC shares have decreased by 11.1% and is now trading at $83.34.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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WEC Energy Group, Inc. (NYSE:WEC) announced its quarterly earnings data on Tuesday, August, 1st. The utilities provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The utilities provider had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $2.05 billion. WEC Energy Group had a net margin of 14.57% and a trailing twelve-month return on equity of 11.48%. WEC Energy Group's revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS.
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WEC Energy Group announced a quarterly dividend on Thursday, July 20th. Stockholders 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 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for WEC.

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).

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.12 per share and currently has a dividend yield of 3.65%. 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.

WEC Energy Group issued an update on its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided EPS guidance of $4.58-$4.62 for the period, compared to the consensus earnings per share estimate of $4.61. The company issued revenue guidance of -.

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).

WEC Energy Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEC."

WEC Energy Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.26%), State Street Corp (5.81%), Wells Fargo & Company MN (2.40%), Geode Capital Management LLC (2.22%), Magellan Asset Management Ltd (1.69%) and JPMorgan Chase & Co. (1.32%). Insiders that own company stock include Anthony Reese, Charles R Matthews, Gale E Klappa, Glen E Tellock, Joshua M Erickson, Molly A Mulroy, Robert M Garvin, Thomas K Lane, Thomas K Lane, Tom Metcalfe, Ulice Payne Jr, Ulice Payne, Jr and William Mastoris.
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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.
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One share of WEC stock can currently be purchased for approximately $83.34.

WEC Energy Group (NYSE:WEC) has a market capitalization of $26.29 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.

The company employs 7,022 workers across the globe.

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.