NYSE:WEC

WEC Energy Group Stock Forecast, Price & News

$102.58

+1.94 (+1.93%)

(As of 07/1/2022 12:00 AM ET)

Add

Compare

Today's Range: $100.50
▼
$102.83
50-Day Range: $90.37
▼
$108.28
52-Week Range: $86.84
▼
$108.39

Volume: 1.58 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.

1.63 out of 5 stars

Utilities Sector

33rd out of 123 stocks

Electric & Other Services Combined Industry

10th out of 22 stocks

1.2 Analyst's Opinion

Consensus Rating
WEC Energy Group has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $103.00, WEC Energy Group has a forecasted upside of 0.4% from its current price of $102.58.
Amount of Analyst Coverage
WEC Energy Group has only been the subject of 4 research reports in the past 90 days.

3.0 Short Interest

Percentage of Shares Shorted
1.42% of the float of WEC Energy Group has been sold short.
Short Interest Ratio / Days to Cover
WEC Energy Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in WEC Energy Group has recently increased by 5.94%, indicating that investor sentiment is decreasing significantly.

4.2 Dividend Strength

Dividend Yield
WEC Energy Group pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
WEC Energy Group has been increasing its dividend for 19 years.
Dividend Coverage
The dividend payout ratio of WEC Energy Group is 67.83%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
WEC Energy Group has received a -80.78% net impact score from Upright. The largest negative impact of WEC Energy in category "GHG emissions" seems to be driven mostly by its "Electricity produced with coal", "Natural gas distribution services", and "Electricity produced with natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for WEC Energy Group is -8.62.

1.8 News and Social Media Coverage

News Sentiment
WEC Energy Group has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Utilities companies.
Search Interest
8 people have searched for WEC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added WEC Energy Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WEC Energy Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,189,283.00 in company stock.
Percentage Held by Insiders
Only 0.34% of the stock of WEC Energy Group is held by insiders.
Percentage Held by Institutions
73.36% of the stock of WEC Energy Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for WEC Energy Group are expected to grow by 5.03% in the coming year, from $4.37 to $4.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WEC Energy Group is 23.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 47.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of WEC Energy Group is 23.91, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 22.40.
Price to Earnings Growth Ratio
WEC Energy Group has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
WEC Energy Group has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

30 days | 90 days | 365 days | Advanced Chart

Receive WEC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for WEC Energy Group and its competitors with MarketBeat's FREE daily newsletter.

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.

June 25, 2022 | americanbankingnews.com

Brokerages Set WEC Energy Group, Inc. (NYSE:WEC) PT at $103.00

June 23, 2022 | msn.com

We Energies and Alliant Energy coal plants in Wisconsin to stay open longer due to energy supply fears

June 23, 2022 | finance.yahoo.com

We Energies delays closing coal plants citing multiple challenges

June 23, 2022 | finance.yahoo.com

We Energies announces new timeline for Oak Creek plant retirements

June 22, 2022 | finance.yahoo.com

The Zacks Analyst Blog Highlights Sempra Energy, WEC Energy and Hawaiian Electric

June 21, 2022 | finance.yahoo.com

3 Utilities Worth Betting On Despite Ongoing Rate Increases

June 20, 2022 | msn.com

Nearly all northeast Wisconsin customers have power following Wednesday's storms

June 20, 2022 | finance.yahoo.com

Estimating The Intrinsic Value Of WEC Energy Group, Inc. (NYSE:WEC)

June 19, 2022 | msn.com

WPS finishes storm restoration in Green Bay area

June 19, 2022 | americanbankingnews.com

WEC Energy Group (NYSE:WEC) PT Lowered to $93.00

June 17, 2022 | finance.yahoo.com

Mizuho Cuts WEC Energy's Price Target By 13%

June 17, 2022 | msn.com

Utility: WPS power restored Saturday, We Energies Sunday

June 16, 2022 | finance.yahoo.com

Down 9.9% in 4 Weeks, Here's Why You Should You Buy the Dip in WEC Energy (WEC)

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric & other services combined
Sub-Industry: Multi-Utilities
Sector: Utilities
Current Symbol: NYSE:WEC
CUSIP: 97665710
CIK: 783325
Web: www.wecenergygroup.com
Phone: (414) 221-2345
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

EPS (Most Recent Fiscal Year): $4.289990
Trailing P/E Ratio: 23.91
Forward P/E Ratio: 23.47
P/E Growth: 3.66
Net Income: $1.30 billion
Net Margins: 15.90%
Pretax Margin: 18.85%
Return on Equity: 12.17%
Return on Assets: 3.52%

Debt

Debt-to-Equity Ratio: 1.18
Current Ratio: 0.79
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $8.32 billion
Price / Sales: 3.89
Cash Flow: $7.95 per share
Price / Cash Flow: 12.90
Book Value: $35.13 per share
Price / Book: 2.92

Miscellaneous

Outstanding Shares: 315,435,000
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 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 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 analysts have issued 12-month target prices for WEC Energy Group's shares. Their WEC stock forecasts range from $93.00 to $109.00. On average, they expect WEC Energy Group's share price to reach $103.00 in the next twelve months. 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 at the start of the year. Since then, WEC shares have 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) issued its quarterly earnings results on Monday, May, 2nd. The utilities provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. The utilities provider had revenue of $2.91 billion for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $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 paid a dividend of $0.7275 per share on Wednesday, June 1st. This represents a $2.91 annualized dividend and a 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)
Who are some of WEC Energy Group's key competitors?: Some companies that are related to WEC Energy Group include Dominion Energy (D), Sempra (SRE), Consolidated Edison (ED), Public Service Enterprise Group (PEG), PG&E (PCG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) and Avista (AVA).
View all of WEC's 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), 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 [email protected].

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

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

WEC Energy Group Stock Forecast, Price & News

WEC Energy Group Stock Forecast (MarketRank)

Overall MarketRank™

1.2 Analyst's Opinion

3.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

4.2 Dividend Strength

0.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

1.8 News and Social Media Coverage

News Sentiment

Search Interest

MarketBeat Follows

2.5 Company Ownership

1.3 Earnings and Valuation

Receive WEC Stock News and Ratings via Email

About WEC Energy Group (NYSE:WEC)

WEC Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

WEC Energy Group Frequently Asked Questions

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

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

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

When is WEC Energy Group's next earnings date?

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

How were WEC Energy Group's earnings last quarter?

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

Is WEC Energy Group a good dividend stock?

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

Who are WEC Energy Group's key executives?

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

What other stocks do shareholders of WEC Energy Group own?

What is WEC Energy Group's stock symbol?

How do I buy shares of WEC Energy Group?

What is WEC Energy Group's stock price today?

How much money does WEC Energy Group make?

How many employees does WEC Energy Group have?

Does WEC Energy Group have any subsidiaries?

When was WEC Energy Group founded?

How can I contact WEC Energy Group?

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™