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NYSE:WEC

WEC Energy Group Stock Forecast, Price & News

$94.53
-1.21 (-1.26 %)
(As of 11/30/2020 02:40 PM ET)
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Compare
Today's Range
$94.15
Now: $94.53
$95.89
50-Day Range
$95.55
MA: $100.52
$104.85
52-Week Range
$68.01
Now: $94.53
$109.53
Volume57,130 shs
Average Volume1.58 million shs
Market Capitalization$29.82 billion
P/E Ratio25.55
Dividend Yield2.64%
Beta0.18
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 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 2.9 million residential, and commercial and industrial customers. As of December 31, 2019, it operated approximately 36,500 miles of overhead distribution lines and 34,100 miles of underground distribution cable, as well as approximately 500 distribution substations and 503,200 line transformers; and approximately 49,500 miles of natural gas distribution mains, as well as 1,200 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 incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
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WEC Energy Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP97665710
Phone414-221-2345
Employees7,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.52 billion
Cash Flow$6.15 per share
Book Value$32.41 per share

Profitability

Net Income$1.14 billion

Miscellaneous

Market Cap$29.82 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$94.53
-1.21 (-1.26 %)
(As of 11/30/2020 02:40 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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WEC Energy Group (NYSE:WEC) Frequently Asked Questions

How has WEC Energy Group's stock been impacted by Coronavirus?

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WEC stock has decreased by 2.7% and is now trading at $94.85.
View which stocks have been most impacted by COVID-19
.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for WEC Energy Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than WEC Energy Group?

Wall Street analysts have given WEC Energy Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but WEC Energy Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is WEC Energy Group's next earnings date?

WEC Energy Group is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for WEC Energy Group
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) released its quarterly earnings results on Sunday, November, 8th. The utilities provider reported $0.84 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.08. The utilities provider had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS.
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 declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.6325 per share on Tuesday, December 1st. This represents a $2.53 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, November 12th.
View WEC Energy Group's dividend history
.

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

WEC Energy Group updated its FY20 earnings guidance on Tuesday, November, 3rd. The company provided earnings per share (EPS) guidance of $3.74-3.76 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.75.

What price target have analysts set for WEC?

11 Wall Street analysts have issued 12 month price objectives for WEC Energy Group's stock. Their forecasts range from $77.00 to $112.00. On average, they anticipate WEC Energy Group's share price to reach $94.27 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
View analysts' price targets for WEC Energy Group
.

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), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), The Procter & Gamble (PG), Intel (INTC), Xcel Energy (XEL), Altria Group (MO), Pfizer (PFE) and Walmart (WMT).

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 69, Pay $3.55M)
  • Mr. Joseph Kevin Fletcher, Pres, CEO & Director (Age 61, Pay $3.5M)
  • Mr. Scott J. Lauber, Sr. EVP & COO (Age 54, Pay $1.73M)
  • Ms. Margaret C. Kelsey, Exec. VP, Gen. Counsel & Corp. Sec. (Age 55, Pay $1.49M)
  • Mr. Robert M. Garvin, Exec. VP of External Affairs (Age 53, Pay $1.19M)
  • Ms. Liu Xia, Sr. EVP & CFO (Age 50)
  • Mr. William J. Guc, VP, Controller & Principal Accounting Officer (Age 50)
  • Mr. Joshua Erickson, Director of Legal Services, Corp. & Fin.
  • Ms. Molly Mulroy, Chief Information Officer & VP
  • Ms. Mary Beth Straka CPA, CPA, Sr. VP of Corp. Communications & Investor Relations (Age 55)

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 investors include BlackRock Inc. (8.34%), Magellan Asset Management Ltd (6.95%), State Street Corp (5.40%), Wells Fargo & Company MN (2.33%), JPMorgan Chase & Co. (1.19%) and UBS Asset Management Americas Inc. (0.89%). Company insiders that own WEC Energy Group stock include Allen L Leverett, Barbara L Bowles, Charles R Matthews, Curt S Culver, Gale E Klappa, Joseph Kevin Fletcher, Maria C Green, 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 major investors are selling WEC Energy Group stock?

WEC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Wells Fargo & Company MN, Connor Clark & Lunn Investment Management Ltd., State of Alaska Department of Revenue, State of Tennessee Treasury Department, Achmea Investment Management B.V., and Donaldson Capital Management LLC. Company insiders that have sold WEC Energy Group company stock in the last year include Charles R Matthews, Gale E Klappa, Maria C Green, Robert M Garvin, Tom Metcalfe, and Ulice Payne, Jr.
View insider buying and selling activity for WEC Energy Group
.

Which major investors are buying WEC Energy Group stock?

WEC stock was acquired by a variety of institutional investors in the last quarter, including Magellan Asset Management Ltd, Great West Life Assurance Co. Can, Allianz Asset Management GmbH, BNP Paribas Arbitrage SA, Neuberger Berman Group LLC, Reaves W H & Co. Inc., Assenagon Asset Management S.A., and Employees Retirement System of Texas.
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 $94.85.

How big of a company is WEC Energy Group?

WEC Energy Group has a market capitalization of $29.92 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 7,500 workers across the globe.

What is WEC Energy Group's official website?

The official website for WEC Energy Group is 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]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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