NYSE:WECWEC Energy Group Stock Price, Forecast & News

$86.14

-0.54 (-0.62 %)

(As of 05/25/2020 12:34 PM ET)

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Today's Range

$85.63

Now: $86.14▼

$87.06

50-Day Range

$83.52

MA: $90.80▼

$100.34

52-Week Range

$68.01

Now: $86.14▼

$109.53

Volume902,560 shs

Average Volume1.78 million shs

Market Capitalization$27.17 billion

P/E Ratio23.41

Dividend Yield2.94%

Beta0.19

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.

Beat the Market (BTM) Rank^™

1.8 Analyst's Opinion

Consensus Rating
WEC Energy Group has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on 1 buy rating, 6 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.22, WEC Energy Group has a potential downside of 1.1% from its current price of $86.14.
Amount of Analyst Coverage
WEC Energy Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
WEC Energy Group has received 390 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
WEC Energy Group has received 607 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
WEC Energy Group has received 60.88% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about WEC Energy Group and other stocks. Vote “Outperform” if you believe WEC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WEC will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
WEC Energy Group is a leading dividend payer. It pays a dividend yield of 2.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
WEC Energy Group has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of WEC Energy Group is 70.67 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 63.25 % next year. This indicates that WEC Energy Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WEC Energy Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $901,788.00 in company stock.
Percentage Held by Insiders
Only 0.31% of the stock of WEC Energy Group is held by insiders.
Percentage Held by Institutions
73.87% of the stock of WEC Energy Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for WEC Energy Group are expected to grow by 7.24% in the coming year, from $3.73 to $4.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WEC Energy Group is 23.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of WEC Energy Group is 23.41, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 27.05.
Price to Earnings Growth Ratio
WEC Energy Group has a PEG Ratio of 3.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
WEC Energy Group has a P/B Ratio of 2.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.05 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric & other services combined

Sub-IndustryMulti-Utilities

SectorUtilities

Current SymbolNYSE:WEC

Previous Symbol

CUSIP97665710

CIK783325

Webwww.wecenergygroup.com

Phone414-221-2345

Debt

Debt-to-Equity Ratio1.07

Current Ratio0.65

Quick Ratio0.51

Price-To-Earnings

Trailing P/E Ratio23.41

Forward P/E Ratio23.09

P/E Growth3.91

Sales & Book Value

Annual Sales$7.52 billion

Price / Sales3.61

Cash Flow$6.54 per share

Price / Cash Flow13.18

Book Value$32.41 per share

Price / Book2.66

Profitability

EPS (Most Recent Fiscal Year)$3.58

Net Income$1.14 billion

Net Margins16.09%

Return on Equity11.40%

Return on Assets3.38%

Miscellaneous

Employees7,509

Outstanding Shares315,430,000

Market Cap$27.17 billion

Next Earnings Date8/3/2020 (Estimated)

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WEC stock has decreased by 11.6% and is now trading at $86.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 5 sell ratings, 6 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 Monday, August 3rd 2020. View our earnings forecast for WEC Energy Group.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group Inc (NYSE:WEC) issued its quarterly earnings results on Monday, May, 4th. The utilities provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.11. The utilities provider earned $2.11 billion during the quarter, compared to analyst estimates of $2.43 billion. WEC Energy Group had a net margin of 16.09% and a return on equity of 11.40%. The firm's quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the business 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. Shareholders 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 annualized dividend and a dividend yield of 2.94%. 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 updated its FY 2020 Pre-Market earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of 3.71-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.72.

What price target have analysts set for WEC?

12 equities research analysts have issued 12 month target prices for WEC Energy Group's stock. Their forecasts range from $74.00 to $97.00. On average, they anticipate WEC Energy Group's stock price to reach $85.22 in the next year. This suggests that the stock has a possible downside of 1.1%. View analysts' price targets for WEC Energy Group.

Has WEC Energy Group been receiving favorable news coverage?

Headlines about WEC stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. WEC Energy Group earned a news impact score of 1.5 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutWEC Energy Group.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,260,000 shares, a decline of 12.3% from the April 30th total of 4,860,000 shares. Based on an average trading volume of 2,130,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.4% of the shares of the stock are sold short. View WEC Energy Group's Current Options Chain.

Who are some of WEC Energy Group's key competitors?

Some companies that are related to WEC Energy Group include Dominion Energy (D), Sempra Energy (SRE), Public Service Enterprise Group (PEG), Consolidated Edison (ED), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), CenterPoint Energy (CNP), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA). View all 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.07%), State Street Corp (5.73%), Magellan Asset Management Ltd (4.43%), Deutsche Bank AG (2.45%), Wells Fargo & Company MN (2.25%) and Geode Capital Management LLC (1.65%). 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 major investors are selling WEC Energy Group stock?

WEC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, BlackRock Inc., Invesco Ltd., Bessemer Group Inc., Franklin Resources Inc., Janus Henderson Group PLC, and Rathbone Brothers plc. Company insiders that have sold WEC Energy Group company stock in the last year include Barbara L Bowles, Curt S Culver, Gale E Klappa, Joseph Kevin Fletcher, Mary Beth Straka, Robert M Garvin, Scott J Lauber, Tom Metcalfe, and William J Guc. View insider buying and selling activity for WEC Energy Group.

Which major investors are buying WEC Energy Group stock?

WEC stock was purchased by a variety of institutional investors in the last quarter, including Girard Partners LTD., State Street Corp, Swiss National Bank, APG Asset Management N.V., APG Asset Management N.V., Advisor Group Holdings Inc., Zimmer Partners LP, and Pictet Asset Management Ltd.. 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 $86.14.

How big of a company is WEC Energy Group?

WEC Energy Group has a market capitalization of $27.17 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 5/25/2020 by MarketBeat.com Staff