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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 1 sell rating, 6 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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10 equities research analysts have issued 12-month price targets for WEC Energy Group's stock. Their WEC share price targets range from $80.00 to $104.00. On average, they anticipate the company's share price to reach $90.17 in the next year. This suggests a possible upside of 8.4% 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 stock has decreased by 11.3% and is now trading at $83.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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WEC Energy Group, Inc. (NYSE:WEC) posted its earnings results on Tuesday, October, 31st. The utilities provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.91 by $0.09. The utilities provider had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.03 billion. WEC Energy Group had a trailing twelve-month return on equity of 11.48% and a net margin of 14.80%. WEC Energy Group's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share.
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WEC Energy Group announced a quarterly dividend on Thursday, October 19th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.78 per share on Friday, December 1st. This represents a $3.12 annualized dividend and a yield of 3.75%. The ex-dividend date is Monday, November 13th.
Read our dividend analysis for WEC.

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.12 per share and currently has a dividend yield of 3.82%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.06%. 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.

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 updated its FY23 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $4.58-$4.62 for the period, compared to the consensus estimate of $4.61.

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Deutsche Bank AG (1.74%), Deutsche Bank AG (1.74%), Magellan Asset Management Ltd (1.63%), JPMorgan Chase & Co. (1.36%), Invesco Ltd. (1.34%) and Northern Trust Corp (1.25%). 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.
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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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