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

$95.84
+0.83 (+0.87%)
(As of 09/13/2024 ET)
Today's Range
$94.74
$95.87
50-Day Range
$78.00
$95.84
52-Week Range
$75.13
$96.15
Volume
1.84 million shs
Average Volume
2.17 million shs
Market Capitalization
$30.27 billion
P/E Ratio
20.93
Dividend Yield
3.48%
Price Target
$90.17

WEC Energy Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
5.9% Downside
$90.17 Price Target
Short Interest
Healthy
3.05% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.15
Upright™ Environmental Score
News Sentiment
1.30mentions of WEC Energy Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.08 M Sold Last Quarter
Proj. Earnings Growth
6.76%
From $4.88 to $5.21 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.

4.47 out of 5 stars

Utilities Sector

14th out of 91 stocks

Electric & Other Services Combined Industry

4th 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. 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, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 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

War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
See More Headlines
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Company Calendar

Last Earnings
7/31/2024
Ex-Dividend for 9/1 Dividend
8/14/2024
Dividend Payable
9/01/2024
Today
9/13/2024
Next Earnings (Estimated)
10/29/2024
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
$90.17
High Stock Price Target
$103.00
Low Stock Price Target
$80.00
Potential Upside/Downside
-5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
18.29%

Debt

Sales & Book Value

Annual Sales
$8.63 billion
Cash Flow
$8.70 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
314,749,000
Market Cap
$30.27 billion
Optionable
Optionable
Beta
0.44

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

Pros

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

  • WEC Energy Group recently announced a quarterly dividend of $0.835 per share, representing a dividend yield of 3.60%. This can provide investors with a steady income stream.
  • Institutional investors, such as Clearbridge Investments LLC and Truist Financial Corp, have been increasing their stakes in WEC Energy Group, indicating confidence in the company's future performance.
  • Wall Street analysts have given WEC Energy Group positive ratings, with price targets being raised by various firms, suggesting potential growth and value appreciation.
  • WEC Energy Group provides regulated natural gas and electricity services in the United States, offering stability and reliability in its revenue streams.
  • With a dividend payout ratio (DPR) of 72.93%, WEC Energy Group demonstrates a commitment to rewarding shareholders through dividends.

Cons

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

  • Some analysts have issued sell ratings on WEC Energy Group, citing concerns that may impact the stock price negatively.
  • Despite positive institutional investor activity, there is always a level of risk associated with investing in utility companies like WEC Energy Group due to regulatory changes and market fluctuations.
  • The stock has received mixed ratings from analysts, with a consensus rating of "Hold," indicating uncertainty about the company's future performance.
  • Market conditions and economic factors can influence the demand for natural gas and electricity services, potentially affecting WEC Energy Group's revenue and profitability.
  • Investors should carefully consider the impact of interest rate changes and energy market dynamics on WEC Energy Group's financial performance and stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these WEC Energy Group pros and cons to contact@marketbeat.com.

WEC Stock Analysis - Frequently Asked Questions

How have WEC shares performed this year?

WEC Energy Group's stock was trading at $84.17 at the start of the year. Since then, WEC shares have increased by 13.9% and is now trading at $95.84.
View the best growth stocks for 2024 here
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) issued its earnings results on Wednesday, July, 31st. The utilities provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.04. The firm's revenue was down 3.2% compared to the same quarter last year.
Read the conference call transcript
.

Does WEC Energy Group have any subsidiaries?

WEC Energy Group subsidiaries include these companies: Integrys Energy Group, Wicor, American Transmission Company LLC, ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., and others.

Who are WEC Energy Group's major shareholders?

WEC Energy Group's top institutional investors include American Century Companies Inc. (0.81%), Bank of New York Mellon Corp (0.71%), Earnest Partners LLC (0.62%) and Principal Financial Group Inc. (0.57%). Insiders that own company stock include Gale E Klappa, Scott J Lauber, Robert M Garvin, William J Guc, Mary Beth Straka, William Mastoris, Joshua M Erickson, Charles R Matthews, Molly A Mulroy, Anthony Reese, Glen E Tellock, Tom Metcalfe and Thomas K Lane.
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.

What other stocks do shareholders of WEC Energy Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WEC Energy Group investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Procter & Gamble (PG), Intel (INTC) and

This page (NYSE:WEC) was last updated on 9/14/2024 by MarketBeat.com Staff

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