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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:WEC

WEC Energy Group Stock Forecast, Price & News

$102.58
+1.94 (+1.93%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$100.50
$102.83
50-Day Range
$90.37
$108.28
52-Week Range
$86.84
$108.39
Volume
1.61 million shs
Average Volume
1.55 million shs
Market Capitalization
$32.36 billion
P/E Ratio
23.91
Dividend Yield
2.89%
Price Target
$103.00

WEC Energy Group Stock Forecast (MarketRank)

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
0.4% Upside
$103.00 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.62
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$5.19 M Sold Last Quarter
Proj. Earnings Growth
5.03%
From $4.37 to $4.59 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.75 out of 5 stars

Utilities Sector

64th out of 123 stocks

Electric & Other Services Combined Industry

15th out of 22 stocks

30 days | 90 days | 365 days | Advanced Chart

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WEC Energy Group logo

About WEC Energy Group (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. 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, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 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 incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.

WEC Stock News Headlines

WEC Energy Group (NYSE:WEC) PT Lowered to $93.00
Mizuho Cuts WEC Energy's Price Target By 13%
3 Recession-Resilient Dividend Stocks
See More Headlines

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
97665710
Fax
N/A
Employees
6,938
Year Founded
1981

Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 6/1 Dividend
5/12/2022
Dividend Payable
6/01/2022
Today
7/02/2022
Next Earnings (Confirmed)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$103.00
High Stock Price Forecast
$109.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.36363636363636
Research Coverage
11 Analysts

Profitability

Net Income
$1.30 billion
Pretax Margin
18.85%

Debt

Sales & Book Value

Annual Sales
$8.32 billion
Cash Flow
$7.95 per share
Book Value
$35.13 per share

Miscellaneous

Free Float
314,363,000
Market Cap
$32.36 billion
Optionable
Optionable
Beta
0.27

Social Links















WEC Energy Group Frequently Asked Questions

Should I buy or sell WEC Energy Group stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WEC Energy Group stock. 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.
View analyst ratings for WEC Energy Group
or view top-rated stocks.

What is WEC Energy Group's stock price forecast for 2022?

11 Wall Street research analysts have issued 1-year price objectives for WEC Energy Group's shares. Their WEC stock forecasts range from $93.00 to $109.00. On average, they predict WEC Energy Group's share price to reach $103.00 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
View analysts' price targets for WEC Energy Group
or view top-rated stocks among Wall Street analysts.

How has WEC Energy Group's stock performed in 2022?

WEC Energy Group's stock was trading at $97.07 on January 1st, 2022. Since then, WEC stock has increased by 5.7% and is now trading at $102.58.
View the best growth stocks for 2022 here
.

When is WEC Energy Group's next earnings date?

WEC Energy Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for WEC Energy Group
.

How can I listen to WEC Energy Group's earnings call?

WEC Energy Group will be holding an earnings conference call on Tuesday, August 2nd at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) announced its quarterly earnings results on Monday, May, 2nd. The utilities provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. The utilities provider had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.83 billion. WEC Energy Group had a net margin of 15.90% and a trailing twelve-month return on equity of 12.17%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $1.61 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 announced a quarterly dividend on Thursday, April 21st. Stockholders of record on Friday, May 13th will be given a dividend of $0.7275 per share on Wednesday, June 1st. This represents a $2.91 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 12th.
View WEC Energy Group's dividend history
.

Is WEC Energy Group a good dividend stock?

WEC Energy Group(NYSE:WEC) pays an annual dividend of $2.91 per share and currently has a dividend yield of 2.89%. WEC Energy Group has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of WEC Energy Group is 67.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 63.40% next year. This indicates that WEC Energy Group will be able to sustain or increase its dividend.
View WEC Energy Group's dividend history.

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

WEC Energy Group updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $4.34-$4.38 for the period, compared to the consensus EPS estimate of $4.30. The company issued revenue guidance of -.

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 71, Pay $4.33M) (LinkedIn Profile)
  • Mr. Scott J. Lauber, Pres, CEO & Director (Age 56, Pay $2.59M)
  • Ms. Xia Liu C.F.A., Exec. VP & CFO (Age 52, Pay $2.27M)
  • Ms. Margaret C. Kelsey, Exec. VP, Gen. Counsel & Corp. Sec. (Age 57, Pay $1.6M)
  • Mr. William J. Guc, VP, Controller & Principal Accounting Officer (Age 52)
  • Ms. Mary Beth Straka CPA, Sr. VP of Corp. Communications & Investor Relations (Age 57)
  • Mr. Robert M. Garvin, Exec. VP of External Affairs (Age 55) (LinkedIn Profile)
  • Mr. James A. Schubilske, VP & Chief Audit Officer (Age 56)
  • Mr. Daniel P. Krueger, Exec. VP of WEC Infrastructure - WEC Bus. Services LLC
  • Mr. William Mastoris, Exec. VP of Customer Service & Operations - WEC Bus. Services LLC (Age 58)

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), Procter & Gamble (PG), Intel (INTC), Xcel Energy (XEL), Altria Group (MO), Pfizer (PFE) and Walmart (WMT).

What is WEC Energy Group's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is WEC Energy Group's stock price today?

One share of WEC stock can currently be purchased for approximately $102.58.

How much money does WEC Energy Group make?

WEC Energy Group (NYSE:WEC) has a market capitalization of $32.36 billion and generates $8.32 billion in revenue each year. The utilities provider earns $1.30 billion in net income (profit) each year or $4.289990 on an earnings per share basis.

How many employees does WEC Energy Group have?

WEC Energy Group employs 6,938 workers across the globe.

Does WEC Energy Group have any subsidiaries?

The following companies are subsidiares of WEC Energy Group: Bishop Hill Energy III Holdings LLC, Blooming Grove Wind Energy Center Holdings LLC, Coyote Ridge Wind LLC, ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., American Transmission Company LLC, BGS Kimball Gas Storage LLC, Bluewater Gas Storage LLC, Bluewater Natural Gas Holding LLC, Elm Road Generating Station Supercritical LLC, Elm Road Services LLC, Integrys Energy Group, Integrys Holding Inc., Jayhawk Wind LLC, Michigan Gas Utilities Corporation, Minnesota Energy Resources Corporation, North Shore Gas Company, Peoples Energy LLC, Peoples Energy Ventures LLC, Port Washington Generating Station LLC, Tatanka Ridge Wind LLC, The Peoples Gas Light and Coke Company, Upper Michigan Energy Resources Corporation, Upstream Wind Energy Holdings LLC, W.E. Power LLC, WEC Business Services LLC, WEC Infrastructure LLC, WEC Infrastructure Wind Holding I LLC, WEC Investments LLC, WISPARK LLC, WPS Power Development LLC, WPS Visions Inc., Wicor, Wisconsin Electric Power Company, Wisconsin Energy Capital Corporation, Wisconsin Gas LLC, Wisconsin Public Service Corporation, Wisconsin River Power Company, and Wisvest LLC.
Read More

When was WEC Energy Group founded?

WEC Energy Group was founded in 1981.

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 official website for WEC Energy Group is www.wecenergygroup.com. The utilities provider can be reached via phone at (414) 221-2345 or via email at wec.institutional-investor-relations.contact@wecenergygroup.com.

This page (NYSE:WEC) was last updated on 7/2/2022 by MarketBeat.com Staff

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