WEC Energy Group - WEC Stock Forecast, Price & News

9 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, 5 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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9 Wall Street research analysts have issued 12-month price targets for WEC Energy Group's stock. Their WEC share price forecasts range from $85.00 to $109.00. On average, they anticipate the company's stock price to reach $98.09 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
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WEC Energy Group's stock was trading at $97.07 at the beginning of the year. Since then, WEC shares have decreased by 1.5% and is now trading at $95.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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WEC Energy Group, Inc. (NYSE:WEC) posted its earnings results on Tuesday, November, 1st. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. The utilities provider earned $2 billion during the quarter, compared to analyst estimates 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 Thursday, October 20th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.7275 per share on Thursday, December 1st. This represents a $2.91 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, November 10th.
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 3.08%. The company has been increasing its dividend for 18 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 63.40% 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 issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.73-$0.75 for the period, compared to the consensus earnings per share estimate of $0.81. 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 Vanguard Group Inc. (13.14%), BlackRock Inc. (9.29%), State Street Corp (6.13%), Magellan Asset Management Ltd (1.82%), Price T Rowe Associates Inc. MD (1.66%) and Pictet Asset Management SA (1.23%). 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 $95.66.

WEC Energy Group (NYSE:WEC) has a market capitalization of $30.17 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.