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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption

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

$78.39
-0.10 (-0.13%)
(As of 03/1/2024 ET)
Today's Range
$76.78
$78.49
50-Day Range
$76.46
$86.62
52-Week Range
$75.13
$99.26
Volume
2.40 million shs
Average Volume
1.90 million shs
Market Capitalization
$24.74 billion
P/E Ratio
18.58
Dividend Yield
4.26%
Price Target
$86.17

WEC Energy Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.9% Upside
$86.17 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.63mentions of WEC Energy Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.17%
From $4.88 to $5.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.59 out of 5 stars

Utilities Sector

23rd out of 87 stocks

Electric & Other Services Combined Industry

9th out of 18 stocks

WEC stock logo

About WEC Energy Group Stock (NYSE: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, 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 Stock Price History

WEC Stock News Headlines

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Milwaukee's power brokers reveal their first job
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WEC Oct 2024 75.000 put
WEC Energy Group Inc's Dividend Analysis
WEC Energy Group Inc WEC
What Analysts Are Saying About WEC Energy Group Stock
WEC Energy Group, Inc.: Utility hikes dividend 7%
WEC Energy Group Inc WIC
KeyBanc Reaffirms Their Buy Rating on WEC Energy Group (WEC)
Recap: WEC Energy Group Q4 Earnings
WEC Energy Group (WEC) Matches Q4 Earnings Estimates
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/1 Dividend
2/13/2024
Dividend Payable
3/01/2024
Today
3/03/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
97665710
Fax
N/A
Employees
7,000
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$86.17
High Stock Price Target
$95.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
17.27%

Debt

Sales & Book Value

Annual Sales
$8.89 billion
Cash Flow
$8.64 per share
Book Value
$38.16 per share

Miscellaneous

Free Float
314,488,000
Market Cap
$24.74 billion
Optionable
Optionable
Beta
0.40

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Should I Buy WEC Energy Group Stock? WEC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of WEC Energy Group was last updated on Sunday, March 3, 2024 at 12:03 AM.

Pros

Here are some ways that investors could benefit from investing in WEC Energy Group, Inc.:

  • WEC Energy Group, Inc. provides regulated natural gas and electricity, as well as renewable energy services, offering a stable and diversified revenue stream.
  • Recent developments show that WEC Energy Group, Inc. has been expanding its renewable energy portfolio, aligning with the growing trend towards sustainable energy sources.
  • With a long history dating back to 1896, WEC Energy Group, Inc. has a strong foundation and experience in the energy sector.
  • Investors may find the current stock price of WEC Energy Group, Inc. attractive, providing a potential opportunity for value investing.
  • WEC Energy Group, Inc. has a solid reputation and is headquartered in Milwaukee, Wisconsin, a strategic location in the energy industry.

Cons

Investors should be bearish about investing in WEC Energy Group, Inc. for these reasons:

  • White Energy Company Limited, which is sometimes confused with WEC Energy Group, Inc., engages in coal-related businesses, potentially causing confusion for investors.
  • While WEC Energy Group, Inc. has a strong history, the energy sector is subject to regulatory changes and market fluctuations, posing risks to investors.
  • Investing in WEC Energy Group, Inc. may not offer significant short-term gains, as the energy industry typically requires long-term investment strategies.
  • Despite its efforts in renewable energy, WEC Energy Group, Inc. may still face challenges in transitioning to a fully sustainable energy model.
  • Investors should carefully consider the competitive landscape and market conditions before making investment decisions related to WEC Energy Group, Inc.














WEC Stock Analysis - Frequently Asked Questions

Should I buy or sell WEC Energy Group stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

10 Wall Street analysts have issued 1-year price objectives for WEC Energy Group's stock. Their WEC share price targets range from $75.00 to $95.00. On average, they expect the company's share price to reach $86.17 in the next year. This suggests a possible upside of 9.9% 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 2024?

WEC Energy Group's stock was trading at $84.17 at the beginning of the year. Since then, WEC shares have decreased by 6.9% and is now trading at $78.39.
View the best growth stocks for 2024 here
.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 7,940,000 shares, an increase of 25.6% from the January 31st total of 6,320,000 shares. Based on an average trading volume of 2,300,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.5% of the company's shares are short sold.
View WEC Energy Group's Short Interest
.

When is WEC Energy Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our WEC earnings forecast
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) released its earnings results on Thursday, February, 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The utilities provider earned $2.22 billion during the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a trailing twelve-month return on equity of 12.17%. The firm's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 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 Wednesday, December 20th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.835 per share on Friday, March 1st. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a boost from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for WEC
.

Is WEC Energy Group a good dividend stock?

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.34 per share and currently has a dividend yield of 4.26%. WEC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WEC will have a dividend payout ratio of 63.86% 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 updated its first quarter 2024 earnings guidance on Friday, February, 2nd. The company provided earnings per share (EPS) guidance of 1.960-2.000 for the period, compared to the consensus EPS estimate of 1.620. 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).

Who are WEC Energy Group's major shareholders?

WEC Energy Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.21%), Wells Fargo & Company MN (2.41%), Magellan Asset Management Ltd (1.50%), Northern Trust Corp (1.29%), Nuveen Asset Management LLC (1.22%) and Legal & General Group Plc (1.15%). Insiders that own company stock include Anthony Reese, Charles R Matthews, 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.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:WEC) was last updated on 3/3/2024 by MarketBeat.com Staff

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