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NYSE:WEC

WEC Energy Group - WEC Stock Forecast, Price & News

$103.86
+0.74 (+0.72%)
(As of 08/8/2022 03:45 PM ET)
Add
Compare
Today's Range
$103.27
$104.32
50-Day Range
$90.37
$106.53
52-Week Range
$86.84
$108.39
Volume
24,576 shs
Average Volume
1.49 million shs
Market Capitalization
$32.76 billion
P/E Ratio
23.99
Dividend Yield
2.82%
Price Target
$102.50

WEC Energy Group MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
1.3% Downside
$102.50 Price Target
Short Interest
Healthy
1.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.62
Upright™ Environmental Score
News Sentiment
0.96mentions of WEC Energy Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$5.19 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.

2.35 out of 5 stars

Utilities Sector

37th out of 107 stocks

Electric & Other Services Combined Industry

8th out of 21 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 Trading Up 0.7 %

Shares of WEC Energy Group stock traded up $0.74 during midday trading on Monday, reaching $103.86. The company had a trading volume of 24,576 shares, compared to its average volume of 1,493,011. The firm has a market cap of $32.76 billion, a PE ratio of 23.82, a P/E/G ratio of 3.87 and a beta of 0.28. The stock has a fifty day moving average price of $99.70 and a 200 day moving average price of $98.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.54. WEC Energy Group has a fifty-two week low of $86.84 and a fifty-two week high of $108.39.

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

WEC Energy Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.91 annualized dividend and a dividend yield of 2.80%. WEC Energy Group's dividend payout ratio is 67.21%.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Robert M. Garvin sold 31,480 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Robert M. Garvin sold 31,480 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Anthony Reese sold 1,325 shares of the business's stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $102.47, for a total value of $135,772.75. Following the sale, the vice president now owns 905 shares of the company's stock, valued at approximately $92,735.35. The disclosure for this sale can be found here. Insiders sold a total of 49,821 shares of company stock worth $5,189,283 over the last quarter. 0.34% of the stock is currently owned by corporate insiders.

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WEC Stock News Headlines

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
8/08/2022
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
-1.3%
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
$7.59 per share
Book Value
$35.13 per share

Miscellaneous

Free Float
314,363,000
Market Cap
$32.76 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 equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 brokers have issued twelve-month price targets for WEC Energy Group's shares. Their WEC stock forecasts range from $93.00 to $114.00. On average, they anticipate the company's stock price to reach $102.50 in the next year. This suggests that the stock has a possible downside of 1.2%.
View analysts price targets for WEC
or view top-rated stocks among Wall Street analysts.

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

WEC Energy Group's stock was trading at $97.07 on January 1st, 2022. Since then, WEC stock has increased by 6.9% and is now trading at $103.74.
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, November 1st 2022.
View our WEC earnings forecast
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) issued its earnings results on Tuesday, August, 2nd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. The utilities provider had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.76 billion. WEC Energy Group had a trailing twelve-month return on equity of 12.15% and a net margin of 15.23%. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend 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 2.82%. 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, 3rd. The company provided EPS 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 Scout Investments Inc. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Reaves W H & Co. Inc. (0.26%), TD Asset Management Inc. (0.22%), Victory Capital Management Inc. (0.21%) and Envestnet Asset Management Inc. (0.18%). 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, Ulice Payne, Jr and William J Guc.
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 $103.74.

How much money does WEC Energy Group make?

WEC Energy Group (NYSE:WEC) has a market capitalization of $32.72 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?

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 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 8/8/2022 by MarketBeat.com Staff

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