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 brokerages have issued 1 year price targets for WEC Energy Group's shares. Their WEC share price forecasts range from $83.00 to $104.00. On average, they expect the company's share price to reach $95.83 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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WEC Energy Group's stock was trading at $93.76 on January 1st, 2023. Since then, WEC shares have decreased by 7.0% and is now trading at $87.16.
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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) released its quarterly earnings results on Tuesday, August, 1st. The utilities provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The utilities provider earned $1.83 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS.
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WEC Energy Group declared a quarterly dividend on Thursday, July 20th. Investors 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 yield of 3.58%. The ex-dividend date 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 3.60%. 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 EPS 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 many different retail and institutional investors. Top institutional shareholders 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 $87.16.

WEC Energy Group (NYSE:WEC) has a market capitalization of $27.49 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.