WEC Energy Group - WEC Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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8 brokers have issued 12-month price objectives for WEC Energy Group's stock. Their WEC share price forecasts range from $85.00 to $109.00. On average, they expect the company's share price to reach $98.90 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
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WEC Energy Group's stock was trading at $93.76 at the start of the year. Since then, WEC shares have decreased by 1.0% and is now trading at $92.86.
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WEC Energy Group saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,060,000 shares, an increase of 22.5% from the November 30th total of 4,130,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our WEC earnings forecast.

WEC Energy Group, Inc. (NYSE:WEC) released its quarterly earnings results on Tuesday, November, 1st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. The utilities provider earned $2 billion during the quarter, compared to the consensus estimate of $1.83 billion. WEC Energy Group had a trailing twelve-month return on equity of 12.13% and a net margin of 14.94%.

WEC Energy Group declared a quarterly dividend on Tuesday, December 13th. Investors 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 boost from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for WEC.

WEC Energy Group (NYSE:WEC) pays an annual dividend of $2.91 per share and currently has a dividend yield of 3.14%. 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 66.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC will have a dividend payout ratio of 63.26% 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 FY 2023 earnings guidance on Tuesday, December, 13th. The company provided EPS guidance of $4.58-$4.62 for the period, compared to the consensus earnings per share estimate of $4.62. The company issued revenue guidance of -.

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), 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 a variety of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.37%), Gateway Investment Advisers LLC (0.10%), Allspring Global Investments Holdings LLC (0.07%), Hennessy Advisors Inc. (0.07%), Country Trust Bank (0.06%) and Fifth Third Bancorp (0.04%). 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 $92.86.

WEC Energy Group (NYSE:WEC) has a market capitalization of $29.29 billion and generates $8.32 billion in revenue each year. The utilities provider earns $1.30 billion in net income (profit) each year or $4.37 on an earnings per share basis.

The company employs 6,938 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.