WEC Energy Group - WEC Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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6 Wall Street research analysts have issued twelve-month target prices for WEC Energy Group's shares. Their WEC share price forecasts range from $85.00 to $109.00. On average, they expect the company's stock price to reach $98.78 in the next year. This suggests a possible upside of 6.4% from the stock's current price.
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WEC Energy Group's stock was trading at $93.76 on January 1st, 2023. Since then, WEC shares have decreased by 1.0% and is now trading at $92.80.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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WEC Energy Group, Inc. (NYSE:WEC) issued its quarterly earnings data on Thursday, February, 2nd. The utilities provider reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The utilities provider earned $2.56 billion during the quarter, compared to analyst estimates of $2.01 billion. WEC Energy Group had a net margin of 14.68% and a trailing twelve-month return on equity of 12.24%. The company's revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS.
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WEC Energy Group declared a quarterly dividend on Tuesday, December 13th. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.78 per share on Wednesday, March 1st. This represents a $3.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Monday, February 13th. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for WEC.

ETFs with the largest weight of WEC Energy Group (NYSE:WEC) stock in their portfolio include Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU), Fidelity MSCI Utilities Index ETF (FUTY), Vanguard Utilities ETF (VPU), iShares U.S. Utilities ETF (IDU), Nuveen Dividend Growth ETF (NDVG) and Direxion Daily Utilities Bull 3X Shares (UTSL).

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.12 per share and currently has a dividend yield of 3.35%. 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 69.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC will have a dividend payout ratio of 63.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WEC.

WEC Energy Group updated its FY23 earnings guidance on Monday, March, 27th. The company provided earnings per share (EPS) guidance of $4.58-4.62 for the period, compared to the consensus EPS estimate of $4.61.

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).

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

WEC Energy Group's stock is owned by many different retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (2.33%), Geode Capital Management LLC (2.14%), JPMorgan Chase & Co. (1.91%), Bank of America Corp DE (1.83%), Deutsche Bank AG (1.69%) and Magellan Asset Management Ltd (1.64%). Insiders that own company stock include Anthony Reese, Charles R Matthews, Gale E Klappa, Glen E Tellock, Joshua M Erickson, Maria C Green, Molly A Mulroy, Robert M Garvin, Thomas K Lane, Thomas K Lane, Tom Metcalfe, Ulice Payne Jr, Ulice Payne, Jr and William Mastoris.
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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.
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One share of WEC stock can currently be purchased for approximately $92.80.

WEC Energy Group (NYSE:WEC) has a market capitalization of $29.27 billion and generates $9.60 billion in revenue each year. The utilities provider earns $1.41 billion in net income (profit) each year or $4.46 on an earnings per share basis.

The company employs 7,022 workers across the globe.

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.