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NYSE:WEC

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

$83.73
+0.41 (+0.49%)
(As of 07/26/2024 ET)
Today's Range
$83.25
$83.97
50-Day Range
$77.68
$84.68
52-Week Range
$75.13
$92.83
Volume
1.50 million shs
Average Volume
2.10 million shs
Market Capitalization
$26.44 billion
P/E Ratio
18.28
Dividend Yield
3.99%
Price Target
$86.00

WEC Energy Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
2.7% Upside
$86.00 Price Target
Short Interest
Healthy
2.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.15
Upright™ Environmental Score
News Sentiment
0.95mentions of WEC Energy Group in the last 14 days
Based on 33 Articles This Week
Insider Trading
N/A
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.

4.29 out of 5 stars

Utilities Sector

27th out of 90 stocks

Electric & Other Services Combined Industry

5th 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

WEC Energy Group (NYSE:WEC) Downgraded by StockNews.com to Sell
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WEC Energy Group Inc (WIC.MU)
WEC Energy Group (NYSE:WEC) Given New $80.00 Price Target at Barclays
How a $0.25 cent option contract makes my top traders feel
If you don’t know me, I’ve been in the markets for over 40 years… but recently, I’ve discovered a breakthrough that might be my favorite strategy of ALL time! While I kept the finer details of these $0.25 Cent Trades under wraps until recently…
The Analyst Landscape: 4 Takes On WEC Energy Group
WEC Energy Group (NYSE:WEC) Price Target Cut to $95.00
WEC Energy Group (NYSE:WEC) Price Target Cut to $87.00
Wisconsin Electric declares quarterly dividends
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 6/1 Dividend
5/13/2024
Dividend Payable
6/01/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/31/2024
Ex-Dividend for 9/1 Dividend
8/14/2024
Dividend Payable
9/01/2024
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
$86.00
High Stock Price Target
$95.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
19.17%

Debt

Sales & Book Value

Annual Sales
$8.89 billion
Cash Flow
$8.63 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
314,749,000
Market Cap
$26.37 billion
Optionable
Optionable
Beta
0.41

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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 has consistently paid dividends, offering investors a steady income stream. The current dividend yield of 4.25% is attractive for income-oriented investors.
  • Strong financial performance with a return on equity of 13.01% indicates efficient use of shareholder funds to generate profits.
  • Positive earnings surprises, such as beating the consensus EPS estimate by $0.07 in the latest quarter, demonstrate the company's ability to outperform expectations.
  • Market analysts have given the company an average rating of "Hold" with a consensus price target of $85.92, suggesting potential upside based on current valuations.
  • WEC Energy Group's stock price has shown resilience, trading within a narrow range despite market fluctuations, providing stability for investors.

Cons

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

  • Revenue decline of 7.2% year-over-year may raise concerns about the company's ability to drive top-line growth in a competitive market environment.
  • High debt-to-equity ratio of 1.24 could indicate increased financial risk and potential limitations on future expansion or investment opportunities.
  • Lower-than-expected revenue in recent quarters may lead to downward pressure on stock price performance, impacting investor returns.
  • Mixed analyst ratings, with three sell ratings and six hold ratings, suggest uncertainty in the market regarding the company's future prospects and growth trajectory.
  • Market volatility and regulatory changes in the energy sector could pose challenges for WEC Energy Group's operations and profitability, affecting investor confidence.
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 Monday, July 1, 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 stock has decreased by 0.5% and is now trading at $83.73.
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 quarterly earnings results on Wednesday, May, 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.07. WEC Energy Group's quarterly revenue was down 7.2% on a year-over-year basis.
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 more.

Who are WEC Energy Group's major shareholders?

WEC Energy Group's top institutional investors include Bank of New York Mellon Corp (0.71%), Confluence Investment Management LLC (0.49%), Raymond James & Associates (0.32%) and Sumitomo Mitsui Trust Holdings Inc. (0.26%). Insiders that own company stock include Gale E Klappa, Scott J Lauber, Robert M Garvin, William Mastoris, Charles R Matthews, Joshua M Erickson, Molly A Mulroy, Glen E Tellock, Anthony Reese, 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 7/26/2024 by MarketBeat.com Staff

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