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NYSE:WEC - WEC Energy Group Stock Price, Forecast & News

$89.07
+2.30 (+2.65 %)
(As of 03/29/2020 04:44 AM ET)
Today's Range
$83.21
Now: $89.07
$92.73
50-Day Range
$70.89
MA: $96.79
$104.72
52-Week Range
$68.01
Now: $89.07
$109.53
Volume1.83 million shs
Average Volume3.20 million shs
Market Capitalization$28.10 billion
P/E Ratio24.88
Dividend Yield2.92%
Beta0.16
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, 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, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports customer-owned natural gas; and generates, distributes, and sells steam. The company offers electricity to approximately 1.6 million residential, small and large commercial and industrial, and other customers; and natural gas to 2.8 million residential, and commercial and industrial customers. As of December 31, 2018, it operated approximately 36,800 miles of overhead distribution lines and 33,300 miles of underground distribution cable, as well as approximately 500 distribution substations and 500,450 line transformers; and approximately 48,900 miles of natural gas distribution mains, as well as 1,100 miles of natural gas transmission mains. 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 1981 and is headquartered in Milwaukee, Wisconsin.
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WEC Energy Group logo

Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP97665710
Phone414-221-2345

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.52 billion
Cash Flow$6.71 per share
Book Value$32.41 per share

Profitability

Net Income$1.14 billion

Miscellaneous

Employees7,509
Market Cap$28.10 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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WEC Energy Group (NYSE:WEC) Frequently Asked Questions

How has WEC Energy Group's stock been impacted by COVID-19 (Coronavirus)?

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WEC shares have decreased by 8.6% and is now trading at $89.07. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of WEC Energy Group?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 5 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for WEC Energy Group.

When is WEC Energy Group's next earnings date?

WEC Energy Group is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for WEC Energy Group.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group Inc (NYSE:WEC) announced its quarterly earnings results on Thursday, January, 30th. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The utilities provider earned $1.95 billion during the quarter, compared to analyst estimates of $2.20 billion. WEC Energy Group had a return on equity of 11.18% and a net margin of 15.08%. The business's revenue was down 6.2% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. View WEC Energy Group's earnings history.

How often does WEC Energy Group pay dividends? What is the dividend yield for WEC Energy Group?

WEC Energy Group announced a quarterly dividend on Thursday, December 5th. Shareholders of record on Friday, February 14th will be given a dividend of $0.6325 per share on Sunday, March 1st. This represents a $2.53 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, February 13th. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.59. View WEC Energy Group's dividend history.

What guidance has WEC Energy Group issued on next quarter's earnings?

WEC Energy Group issued an update on its FY20 earnings guidance on Thursday, January, 30th. The company provided EPS guidance of $3.71-3.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.74.

What price target have analysts set for WEC?

13 equities research analysts have issued 1-year target prices for WEC Energy Group's stock. Their forecasts range from $70.00 to $110.00. On average, they expect WEC Energy Group's stock price to reach $85.80 in the next year. This suggests that the stock has a possible downside of 3.7%. View analysts' price targets for WEC Energy Group.

Has WEC Energy Group been receiving favorable news coverage?

Headlines about WEC stock have been trending somewhat positive on Sunday, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WEC Energy Group earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutWEC Energy Group.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a decrease in short interest in February. As of February 28th, there was short interest totaling 7,650,000 shares, a decrease of 13.3% from the February 13th total of 8,820,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the short-interest ratio is currently 4.9 days. Approximately 2.4% of the shares of the company are short sold. View WEC Energy Group's Current Options Chain.

Who are some of WEC Energy Group's key competitors?

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), Exxon Mobil (XOM), Verizon Communications (VZ), Xcel Energy (XEL), Johnson & Johnson (JNJ), Procter & Gamble (PG), Altria Group (MO), Southern (SO), Intel (INTC) and Chevron (CVX).

Who are WEC Energy Group's key executives?

WEC Energy Group's management team includes the following people:
  • Mr. Gale E. Klappa, Exec. Chairman (Age 68)
  • Mr. Joseph Kevin Fletcher, Pres, CEO & Director (Age 60)
  • Mr. Scott J. Lauber, Sr. EVP, CFO & Treasurer (Age 53)
  • Ms. Margaret C. Kelsey, Exec. VP, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Frederick D. Kuester, Sr. Exec. VP (Age 68)

What is WEC Energy Group's stock symbol?

WEC Energy Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEC."

Who are WEC Energy Group's major shareholders?

WEC Energy Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.62%), Magellan Asset Management Ltd (4.46%), Bank of America Corp DE (1.93%), Geode Capital Management LLC (1.72%), PNC Financial Services Group Inc. (0.92%) and Nuveen Asset Management LLC (0.87%). Company insiders that own WEC Energy Group stock include Allen L Leverett, Barbara L Bowles, Charles R Matthews, Curt S Culver, Frederick D Kuester, Gale E Klappa, Joseph Kevin Fletcher, Mary Beth Straka, Robert M Garvin, Scott J Lauber, Tom Metcalfe, Ulice Payne, Jr and William J Guc. View institutional ownership trends for WEC Energy Group.

Which institutional investors are selling WEC Energy Group stock?

WEC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Scout Investments Inc., Cohen & Steers Inc., PNC Financial Services Group Inc., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Westwood Holdings Group Inc., Janus Henderson Group PLC, and Bank of Montreal Can. Company insiders that have sold WEC Energy Group company stock in the last year include Allen L Leverett, Barbara L Bowles, Curt S Culver, Gale E Klappa, Joseph Kevin Fletcher, Mary Beth Straka, Robert M Garvin, Scott J Lauber, Tom Metcalfe, and William J Guc. View insider buying and selling activity for WEC Energy Group.

Which institutional investors are buying WEC Energy Group stock?

WEC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, DekaBank Deutsche Girozentrale, Magellan Asset Management Ltd, Bessemer Group Inc., Pictet Asset Management Ltd., Goldman Sachs Group Inc., Geode Capital Management LLC, and UBS Group AG. View insider buying and selling activity for WEC Energy Group.

How do I buy shares of WEC Energy Group?

Shares of WEC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is WEC Energy Group's stock price today?

One share of WEC stock can currently be purchased for approximately $89.07.

How big of a company is WEC Energy Group?

WEC Energy Group has a market capitalization of $28.10 billion and generates $7.52 billion in revenue each year. The utilities provider earns $1.14 billion in net income (profit) each year or $3.58 on an earnings per share basis. WEC Energy Group employs 7,509 workers across the globe. View additional information about WEC Energy Group.

What is WEC Energy Group's official website?

The official website for WEC Energy Group is http://www.wecenergygroup.com/.

How can I contact WEC Energy Group?

WEC Energy Group's mailing address is 231 WEST MICHIGAN STREET P O BOX 1331, MILWAUKEE WI, 53201. The utilities provider can be reached via phone at 414-221-2345 or via email at [email protected]


MarketBeat Community Rating for WEC Energy Group (NYSE WEC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  385 (Vote Outperform)
Underperform Votes:  600 (Vote Underperform)
Total Votes:  985
MarketBeat's community ratings are surveys of what our community members think about WEC Energy Group and other stocks. Vote "Outperform" if you believe WEC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WEC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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