NYSE:WEC - WEC Energy Group Stock Price, Forecast & News

WEC Energy Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEC."

WEC Energy Group announced a quarterly dividend on Thursday, December 5th. Investors of record on Friday, February 14th will be given a dividend of $0.6325 per share on Sunday, March 1st. This represents a $2.53 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from WEC Energy Group's previous quarterly dividend of $0.59. View WEC Energy Group's Dividend History.

WEC Energy Group Inc (NYSE:WEC) announced its earnings results on Thursday, January, 30th. The utilities provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The utilities provider earned $1.95 billion during the quarter, compared to analyst estimates of $2.20 billion. WEC Energy Group had a net margin of 15.08% and a return on equity of 11.18%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. View WEC Energy Group's Earnings History.

WEC Energy Group is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for WEC Energy Group.

WEC Energy Group updated its FY20 earnings guidance on Thursday, January, 30th. 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 $3.74.

12 brokers have issued 12-month price objectives for WEC Energy Group's shares. Their forecasts range from $70.00 to $110.00. On average, they expect WEC Energy Group's stock price to reach $87.40 in the next year. This suggests that the stock has a possible downside of 14.7%. View Analyst Price Targets for WEC Energy Group.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 4 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for WEC Energy Group.

News coverage about WEC stock has been trending extremely negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. 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 media sentiment score of -4.3 on InfoTrie's scale. They also assigned news stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for WEC Energy Group.

WEC Energy Group saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,360,000 shares, a drop of 14.9% from the January 15th total of 9,820,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 2.7% of the company's stock are sold short. View WEC Energy Group's Current Options Chain.

Some companies that are related to WEC Energy Group include Dominion Energy (D), Sempra Energy (SRE), Consolidated Edison (ED), Public Service Enterprise Group (PEG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEC Energy Group investors own include AT&T (T), Exxon Mobil (XOM), Verizon Communications (VZ), Xcel Energy (XEL), Johnson & Johnson (JNJ), Altria Group (MO), Procter & Gamble (PG), Intel (INTC), Southern (SO) and Chevron (CVX).

WEC Energy Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (5.62%), Magellan Asset Management Ltd (4.46%), Bank of America Corp DE (1.93%), Geode Capital Management LLC (1.72%), PNC Financial Services Group Inc. (0.92%) and California Public Employees Retirement System (0.83%). 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, Scott J Lauber, Tom Metcalfe, Ulice Payne, Jr and William J Guc. View Institutional Ownership Trends for WEC Energy Group.

WEC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Scout Investments Inc., Cohen & Steers Inc., PNC Financial Services Group Inc., Westwood Holdings Group Inc., Janus Henderson Group PLC, Bank of Montreal Can and Kayne Anderson Rudnick Investment Management LLC. Company insiders that have sold WEC Energy Group company stock in the last year include Allen L Leverett, Barbara L Bowles, Curt S Culver, Gale E Klappa, Joseph Kevin Fletcher, Mary Beth Straka, Scott J Lauber, Tom Metcalfe, Ulice Payne, Jr and William J Guc. View Insider Buying and Selling for WEC Energy Group.

WEC stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, DekaBank Deutsche Girozentrale, Magellan Asset Management Ltd, Bessemer Group Inc., Pictet Asset Management Ltd., Goldman Sachs Group Inc., Geode Capital Management LLC and UBS Group AG. View Insider Buying and Selling for 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.

One share of WEC stock can currently be purchased for approximately $102.50.

WEC Energy Group has a market capitalization of $32.33 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 7,878 workers across the globe.View Additional Information About WEC Energy Group.

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

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]