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NYSE:WECWEC Energy Group Stock Price, Forecast & News

$87.33
-0.13 (-0.15 %)
(As of 07/16/2020 11:51 AM ET)
Add
Compare
Today's Range
$87.22
Now: $87.33
$88.40
50-Day Range
$85.54
MA: $89.65
$95.28
52-Week Range
$68.01
Now: $87.33
$109.53
Volume25,125 shs
Average Volume1.58 million shs
Market Capitalization$27.55 billion
P/E Ratio23.73
Dividend Yield2.87%
Beta0.17
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 customer-owned 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 2.8 million residential, and commercial and industrial customers. As of December 31, 2018, it operated approximately 36,800 miles of overhead distribution lines and 33,300 miles of underground distribution cable, as well as approximately 500 distribution substations and 500,450 line transformers; and approximately 48,900 miles of natural gas distribution mains, as well as 1,100 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 founded in 1981 and is headquartered in Milwaukee, Wisconsin.
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WEC Energy Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.52 billion
Cash Flow$6.48 per share
Book Value$32.41 per share

Profitability

Net Income$1.14 billion

Miscellaneous

Employees7,509
Market Cap$27.55 billion
Next Earnings Date8/4/2020 (Confirmed)
OptionableOptionable

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WEC Energy Group (NYSE:WEC) Frequently Asked Questions

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

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WEC stock has decreased by 10.4% and is now trading at $87.33. View which stocks have been most impacted by Coronavirus.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for WEC Energy Group.

When is WEC Energy Group's next earnings date?

WEC Energy Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for WEC Energy Group.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group Inc (NYSE:WEC) announced its earnings results on Monday, May, 4th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. The utilities provider earned $2.11 billion during the quarter, compared to analysts' expectations of $2.43 billion. WEC Energy Group had a return on equity of 11.40% and a net margin of 16.09%. The firm's revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. 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, April 16th. Investors of record on Thursday, May 14th will be paid a dividend of $0.6325 per share on Monday, June 1st. This represents a $2.53 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, May 13th. View WEC Energy Group's dividend history.

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

WEC Energy Group issued an update on its FY20 earnings guidance on Tuesday, June, 9th. The company provided earnings per share (EPS) guidance of $3.71-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.73.

What price target have analysts set for WEC?

10 brokers have issued 12-month price targets for WEC Energy Group's shares. Their forecasts range from $74.00 to $97.00. On average, they anticipate WEC Energy Group's stock price to reach $84.88 in the next year. This suggests that the stock has a possible downside of 2.8%. View analysts' price targets for WEC Energy Group.

Has WEC Energy Group been receiving favorable news coverage?

News coverage about WEC stock has trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. WEC Energy Group earned a news sentiment score of 2.1 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news about WEC Energy Group.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,120,000 shares, an increase of 25.2% from the June 15th total of 4,090,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.6% of the shares of the company are sold short. View WEC Energy Group's Current Options Chain.

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), Xcel Energy (XEL), Verizon Communications (VZ), Exxon Mobil (XOM), Procter & Gamble (PG), Southern (SO), Altria Group (MO), Abbott Laboratories (ABT) and Intel (INTC).

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 68)
  • Mr. Joseph Kevin Fletcher, Pres, CEO & Director (Age 60)
  • Mr. Scott J. Lauber, Sr. EVP, CFO & Treasurer (Age 53)
  • Ms. Margaret C. Kelsey, Exec. VP, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Frederick D. Kuester, Sr. Exec. VP (Age 68)

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 retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.13%), Envestnet Asset Management Inc. (0.10%), Scout Investments Inc. (0.07%), State of Alaska Department of Revenue (0.06%), JGP Wealth Management LLC (0.02%) and Gofen & Glossberg LLC IL (0.01%). Company insiders that own WEC Energy Group stock include Allen L Leverett, Barbara L Bowles, Charles R Matthews, Curt S Culver, Frederick D Kuester, Gale E Klappa, Joseph Kevin Fletcher, 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 institutional investors are selling WEC Energy Group stock?

WEC stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Gateway Investment Advisers LLC, IFM Investors Pty Ltd, 6 Meridian, State of Alaska Department of Revenue, North Star Investment Management Corp., Legacy Capital Partners Inc., and Stephenson National Bank & Trust. Company insiders that have sold WEC Energy Group company stock in the last year include Barbara L Bowles, Gale E Klappa, Joseph Kevin Fletcher, Mary Beth Straka, Robert M Garvin, Scott J Lauber, Tom Metcalfe, Ulice Payne, Jr, and William J Guc. View insider buying and selling activity for WEC Energy Group.

Which institutional investors are buying WEC Energy Group stock?

WEC stock was purchased by a variety of institutional investors in the last quarter, including Brasada Capital Management LP, Envestnet Asset Management Inc., N.E.W. Advisory Services LLC, Exchange Traded Concepts LLC, Diversified Trust Co, Contravisory Investment Management Inc., JGP Wealth Management LLC, and Private Trust Co. NA. 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 $87.33.

How big of a company is WEC Energy Group?

WEC Energy Group has a market capitalization of $27.55 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 7,509 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 7/16/2020 by MarketBeat.com Staff

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