NYSE:WEC

WEC Energy Group Stock Forecast, Price & News

$97.64
-0.31 (-0.32 %)
(As of 05/7/2021 04:25 PM ET)
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Today's Range
$97.58
$98.77
50-Day Range
$87.45
$99.15
52-Week Range
$80.55
$106.85
Volume847,930 shs
Average Volume1.33 million shs
Market Capitalization$30.80 billion
P/E Ratio26.39
Dividend Yield2.77%
Beta0.18
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Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP97665710
Phone414-221-2345
Employees7,273
Year Founded1981

Sales & Book Value

Annual Sales$7.52 billion
Cash Flow$6.35 per share
Book Value$32.41 per share

Profitability

Net Income$1.14 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$30.80 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

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About WEC Energy Group

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, 2020, it operated approximately 36,100 miles of overhead distribution lines and 34,900 miles of underground distribution cables, as well as 450 electric distribution substations and 507,900 line transformers; 50,300 miles of natural gas distribution mains; 1,100 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.

MarketRank

Overall MarketRank

1.55 out of 5 stars

Utilities Sector

74th out of 279 stocks

Electric & Other Services Combined Industry

16th out of 27 stocks

Analyst Opinion: 1.2Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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WEC Energy Group (NYSE:WEC) Frequently Asked Questions

Is WEC Energy Group a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 1 sell rating, 4 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 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 past winning trading ideas 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 Tuesday, August 3rd 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, May, 2nd. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. The utilities provider earned $2.69 billion during the quarter, compared to analyst estimates of $2.22 billion. WEC Energy Group had a trailing twelve-month return on equity of 11.36% and a net margin of 16.26%. The company's revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share.
View WEC Energy Group's earnings history
.

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

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WEC shares have increased by 0.2% and is now trading at $97.64.
View which stocks have been most impacted by COVID-19
.

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, April 15th. Investors of record on Friday, May 14th will be paid a dividend of $0.6775 per share on Tuesday, June 1st. This represents a $2.71 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, May 13th.
View WEC Energy Group's dividend history
.

Is WEC Energy Group a good dividend stock?

WEC Energy Group pays an annual dividend of $2.71 per share and currently has a dividend yield of 2.81%. WEC Energy Group does not yet have a strock track record of dividend growth. The dividend payout ratio of WEC Energy Group is 75.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 67.75% 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 second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.750-0.770 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.770. The company issued revenue guidance of -.

What price target have analysts set for WEC?

9 brokers have issued 12 month price targets for WEC Energy Group's shares. Their forecasts range from $83.00 to $112.00. On average, they expect WEC Energy Group's share price to reach $97.33 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
View analysts' price targets for WEC Energy Group
or view top-rated stocks among Wall Street analysts.

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 70, Pay $3.62M) (LinkedIn Profile)
  • Mr. Joseph Kevin Fletcher, Pres, CEO & Director (Age 62, Pay $3.94M) (LinkedIn Profile)
  • Ms. Xia Liu C.F.A., Exec. VP & CFO (Age 51, Pay $1.52M) (LinkedIn Profile)
  • Mr. Scott J. Lauber, Sr. EVP & COO (Age 55, Pay $2.12M) (LinkedIn Profile)
  • Ms. Margaret C. Kelsey, Exec. VP, Gen. Counsel & Corp. Sec. (Age 56, Pay $1.58M) (LinkedIn Profile)
  • Mr. Robert M. Garvin, Exec. VP of External Affairs (Age 54, Pay $1.21M) (LinkedIn Profile)
  • Mr. William J. Guc, VP, Controller & Principal Accounting Officer (Age 51)
  • 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 56) (LinkedIn Profile)

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), (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."

Who are WEC Energy Group's major shareholders?

WEC Energy Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include The PNC Financial Services Group Inc. (0.83%), Swiss National Bank (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Reaves W H & Co. Inc. (0.32%), Scout Investments Inc. (0.26%) and Victory Capital Management Inc. (0.26%). 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 Retirement Systems of Alabama, GWM Advisors LLC, The PNC Financial Services Group Inc., FDx Advisors Inc., NN Investment Partners Holdings N.V., Sumitomo Mitsui Trust Holdings Inc., Bank of Nova Scotia, and Rhumbline Advisers. Company insiders that have sold WEC Energy Group company stock in the last year include Charles R Matthews, Gale E Klappa, Robert M Garvin, and Ulice Payne, Jr.
View insider buying and selling activity for WEC Energy Group
or view top insider-selling stocks.

Which major investors are buying WEC Energy Group stock?

WEC stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Victory Capital Management Inc., GSB Wealth Management LLC, Dearborn Partners LLC, Envestnet Asset Management Inc., Edgestream Partners L.P., Motco, and Annex Advisory Services LLC.
View insider buying and selling activity for WEC Energy Group
or or view top insider-buying stocks.

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 $97.64.

How much money does WEC Energy Group make?

WEC Energy Group has a market capitalization of $30.80 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.

How many employees does WEC Energy Group have?

WEC Energy Group employs 7,273 workers across the globe.

When was WEC Energy Group founded?

WEC Energy Group was founded in 1981.

What is WEC Energy Group's official website?

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

Where are WEC Energy Group's headquarters?

WEC Energy Group is headquartered at 231 WEST MICHIGAN STREET P O BOX 1331, MILWAUKEE WI, 53201.

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 5/7/2021 by MarketBeat.com Staff
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