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NYSE:WEC

WEC Energy Group - WEC Stock Forecast, Price & News

$104.95
-0.22 (-0.21%)
(As of 08/11/2022 01:57 PM ET)
Add
Compare
Today's Range
$103.74
$105.34
50-Day Range
$90.37
$105.60
52-Week Range
$86.84
$108.39
Volume
19,129 shs
Average Volume
1.17 million shs
Market Capitalization
$33.10 billion
P/E Ratio
24.24
Dividend Yield
2.77%
Price Target
$102.50

WEC Energy Group MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
2.5% Downside
$102.50 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.62
Upright™ Environmental Score
News Sentiment
0.83mentions of WEC Energy Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.05 M Sold Last Quarter
Proj. Earnings Growth
5.25%
From $4.38 to $4.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Utilities Sector

21st out of 87 stocks

Electric & Other Services Combined Industry

5th out of 20 stocks

WEC stock logo

About WEC Energy Group (NYSE:WEC) Stock

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 Energy Group Price Performance

Shares of WEC Energy Group stock opened at $105.17 on Thursday. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 3.87 and a beta of 0.28. WEC Energy Group has a 1-year low of $86.84 and a 1-year high of $108.39. The firm has a fifty day simple moving average of $99.66 and a 200-day simple moving average of $98.69. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 1.18.

WEC Energy Group (NYSE:WEC - Get Rating) last posted its earnings results on Tuesday, August 2nd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. WEC Energy Group had a net margin of 15.23% and a return on equity of 12.15%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts expect that WEC Energy Group will post 4.38 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a dividend of $0.7275 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 11th. WEC Energy Group's dividend payout ratio is currently 67.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho reduced their price objective on WEC Energy Group from $107.00 to $93.00 and set a "neutral" rating for the company in a research report on Friday, June 17th. Bank of America upgraded WEC Energy Group from a "neutral" rating to a "buy" rating and set a $109.00 target price for the company in a research report on Friday, May 13th. Credit Suisse Group lowered WEC Energy Group from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $108.00 to $98.00 in a report on Wednesday, July 20th. Barclays lowered their price target on shares of WEC Energy Group from $108.00 to $104.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Finally, Wells Fargo & Company raised their price target on shares of WEC Energy Group from $111.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $102.50.

Insider Activity at WEC Energy Group

In other news, EVP Robert M. Garvin sold 31,480 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $104.21, for a total transaction of $3,280,530.80. Following the sale, the executive vice president now directly owns 11,062 shares in the company, valued at $1,152,771.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Robert M. Garvin sold 31,480 shares of the company's stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $104.21, for a total transaction of $3,280,530.80. Following the completion of the sale, the executive vice president now owns 11,062 shares in the company, valued at $1,152,771.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 750 shares of the company's stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $105.21, for a total value of $78,907.50. Following the completion of the transaction, the director now owns 22,303 shares of the company's stock, valued at approximately $2,346,498.63. The disclosure for this sale can be found here. Insiders sold a total of 48,496 shares of company stock valued at $5,053,510 over the last quarter. 0.34% of the stock is owned by corporate insiders.

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WEC Stock News Headlines

A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
WEC Crosses Above Average Analyst Target
A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
WEC Energy Boosts FY22 EPS Guidance
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WEC Company Calendar

Ex-Dividend for 6/1 Dividend
5/12/2022
Dividend Payable
6/01/2022
Last Earnings
8/02/2022
Today
8/11/2022
Ex-Dividend for 9/1 Dividend
8/11/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$102.50
High Stock Price Forecast
$114.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
-2.3%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$1.30 billion
Pretax Margin
18.14%

Debt

Sales & Book Value

Annual Sales
$8.32 billion
Cash Flow
$7.51 per share
Book Value
$36.33 per share

Miscellaneous

Free Float
314,363,000
Market Cap
$33.10 billion
Optionable
Optionable
Beta
0.28

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WEC Stock - Frequently Asked Questions

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEC shares. 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 WEC analyst ratings
or view top-rated stocks.

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

11 Wall Street analysts have issued 1-year target prices for WEC Energy Group's shares. Their WEC share price forecasts range from $93.00 to $114.00. On average, they anticipate the company's share price to reach $102.50 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for WEC
or view top-rated stocks among Wall Street analysts.

How have WEC shares performed in 2022?

WEC Energy Group's stock was trading at $97.07 at the beginning of the year. Since then, WEC stock has increased by 8.4% and is now trading at $105.19.
View the best growth stocks for 2022 here
.

When is WEC Energy Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WEC earnings forecast
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) posted its earnings results on Tuesday, August, 2nd. The utilities provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. The utilities provider earned $2.13 billion during the quarter, compared to analyst estimates of $1.76 billion. WEC Energy Group had a net margin of 15.23% and a trailing twelve-month return on equity of 12.15%. WEC Energy Group's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS.
Read the conference call transcript
.

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, July 21st. Stockholders of record on Friday, August 12th will be paid a dividend of $0.7275 per share on Thursday, September 1st. This represents a $2.91 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for WEC
.

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 2.77%. The company 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 is 67.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC will have a dividend payout ratio of 63.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WEC.

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

WEC Energy Group issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $0.82-$0.84 for the period, compared to the consensus EPS estimate of $0.94. The company issued revenue guidance of -.

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."

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 JPMorgan Chase & Co. (1.71%), Pictet Asset Management SA (1.24%), California Public Employees Retirement System (0.73%), Principal Financial Group Inc. (0.51%), Swiss National Bank (0.43%) and Scout Investments Inc. (0.38%). Insiders that own company stock include Anthony Reese, Barbara L Bowles, Charles R Matthews, Gale E Klappa, Joseph Kevin Fletcher, Joshua M Erickson, Maria C Green, Mary Beth Straka, Molly A Mulroy, Robert M Garvin, Thomas K Lane, Thomas K Lane, Tom Metcalfe, Ulice Payne Jr and Ulice Payne, Jr.
View institutional ownership trends
.

How do I buy shares of WEC Energy Group?

Shares of WEC stock 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 $105.19.

How much money does WEC Energy Group make?

WEC Energy Group (NYSE:WEC) has a market capitalization of $33.18 billion and generates $8.32 billion in revenue each year. The utilities provider earns $1.30 billion in net income (profit) each year or $4.33 on an earnings per share basis.

How many employees does WEC Energy Group have?

The company 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 the company 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 8/11/2022 by MarketBeat.com Staff

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