WEC Energy Group Stock Forecast, Price & News

7 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, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WEC Energy Group stock.
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WEC Energy Group saw a decline in short interest in the month of May. As of May 28th, there was short interest totaling 3,260,000 shares, a decline of 17.5% from the May 13th total of 3,950,000 shares. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is presently 2.7 days. Approximately 1.0% of the company's shares are sold short.
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WEC Energy Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for WEC Energy Group.

WEC Energy Group, Inc. (NYSE:WEC) issued its quarterly earnings results on Sunday, May, 2nd. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.14. The utilities provider earned $2.69 billion during the quarter, compared to the consensus estimate of $2.22 billion. WEC Energy Group had a trailing twelve-month return on equity of 11.83% and a net margin of 16.08%. The business's revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS.
View WEC Energy Group's earnings history.

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WEC shares have decreased by 8.3% and is now trading at $89.36.
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WEC Energy Group declared a quarterly dividend on Thursday, April 15th. Shareholders of record on Friday, May 14th will be paid a dividend of $0.6775 per share on Tuesday, June 1st. This represents a $2.71 annualized dividend and a yield of 3.03%. The ex-dividend date is Thursday, May 13th.
View WEC Energy Group's dividend history.

WEC Energy Group pays an annual dividend of $2.71 per share and currently has a dividend yield of 2.99%. WEC Energy Group does not yet have a strong track record of dividend growth. The dividend payout ratio of WEC Energy Group is 71.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 63.62% next year. This indicates that WEC Energy Group will be able to sustain or increase its dividend.
View WEC Energy Group's dividend history.

WEC Energy Group issued an update on its FY 2021 earnings guidance on Tuesday, June, 15th. The company provided earnings per share (EPS) guidance of $4.030-4.030 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.020. The company issued revenue guidance of -.

7 brokerages have issued 1-year price objectives for WEC Energy Group's shares. Their forecasts range from $83.00 to $112.00. On average, they expect WEC Energy Group's share price to reach $98.86 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
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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), PG&E (PCG), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) and Avista (AVA).
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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), The Procter & Gamble (PG), Intel (INTC), (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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.59%), Magellan Asset Management Ltd (7.69%), Geode Capital Management LLC (1.76%), Northern Trust Corp (1.50%), JPMorgan Chase & Co. (1.25%) and Ameriprise Financial Inc. (1.08%). Company insiders that own WEC Energy Group stock include Barbara L Bowles, Charles R Matthews, Curt S Culver, Gale E Klappa, Joseph Kevin Fletcher, Maria C Green, Mary Beth Straka, Robert M Garvin, Scott J Lauber, Thomas K Lane, 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 Westwood Holdings Group Inc., Retirement Systems of Alabama, Northern Trust Corp, Bahl & Gaynor Inc., State of Tennessee Treasury Department, Janus Henderson Group PLC, GWM Advisors LLC, and CIBC Private Wealth Group LLC. Company insiders that have sold WEC Energy Group company stock in the last year include Charles R Matthews, Gale E Klappa, Robert M Garvin, and Ulice Payne, Jr.
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WEC stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, Magellan Asset Management Ltd, BlackRock Inc., Scout Investments Inc., NFJ Investment Group LLC, JPMorgan Chase & Co., and TD Asset Management Inc.. Company insiders that have bought WEC Energy Group stock in the last two years include Curt S Culver, and Thomas K Lane.
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Shares of WEC 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 $89.36.

WEC Energy Group has a market capitalization of $28.19 billion and generates $7.24 billion in revenue each year. The utilities provider earns $1.20 billion in net income (profit) each year or $3.79 on an earnings per share basis.

WEC Energy Group employs 7,273 workers across the globe.

The following companies are subsidiares of WEC Energy Group: ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., American Transmission Company LLC, BGS Kimball Gas Storage LLC, Bishop Hill Energy III Holdings LLC, Blooming Grove Wind Energy Center Holdings LLC, Bluewater Gas Storage LLC, Bluewater Natural Gas Holding LLC, Coyote Ridge Wind LLC, Elm Road Generating Station Supercritical LLC, Elm Road Services LLC, Integrys Energy Group, Integrys Holding Inc., Michigan Gas Utilities Corporation, Minnesota Energy Resources Corporation, North Shore Gas Company, Peoples Energy LLC, Peoples Energy Ventures LLC, Port Washington Generating Station LLC, Tatanka Ridge Wind LLC, The Peoples Gas Light and Coke Company, Upper Michigan Energy Resources Corporation, Upstream Wind Energy Holdings LLC, W.E. Power LLC, WEC Business Services LLC, WEC Infrastructure LLC, WEC Infrastructure Wind Holding I LLC, WEC Investments LLC, WISPARK LLC, WPS Power Development LLC, WPS Visions Inc., Wicor, Wisconsin Electric Power Company, Wisconsin Energy Capital Corporation, Wisconsin Gas LLC, Wisconsin Public Service Corporation, Wisconsin River Power Company, Wisconsin Valley Improvement Company, and Wisvest LLC.

WEC Energy Group was founded in 1981.

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

WEC Energy Group is headquartered at 231 WEST MICHIGAN STREET P O BOX 1331, MILWAUKEE WI, 53201.

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]