WEC Energy Group (WEC) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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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11 Wall Street research analysts have issued twelve-month price targets for WEC Energy Group's shares. Their WEC share price targets range from $75.00 to $95.00. On average, they expect the company's share price to reach $86.31 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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WEC Energy Group's stock was trading at $84.17 on January 1st, 2024. Since then, WEC shares have decreased by 7.1% and is now trading at $78.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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WEC Energy Group, Inc. (NYSE:WEC) posted its quarterly earnings results on Thursday, February, 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.02. The utilities provider earned $2.22 billion during the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a trailing twelve-month return on equity of 12.17% and a net margin of 14.98%. The business's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share.
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WEC Energy Group announced a quarterly dividend on Wednesday, December 20th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.835 per share on Friday, March 1st. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Tuesday, February 13th. This is a boost from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for WEC.

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.34 per share and currently has a dividend yield of 4.23%. WEC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WEC will have a dividend payout ratio of 63.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WEC.

ETFs with the largest weight of WEC Energy Group (NYSE:WEC) stock in their portfolio include TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN), IQ CBRE Real Assets ETF (IQRA), Utilities Select Sector SPDR Fund (XLU) and iShares U.S. Utilities ETF (IDU).

WEC Energy Group updated its FY24 earnings guidance on Monday, April, 15th. The company provided earnings per share (EPS) guidance of $4.80-4.90 for the period, compared to the consensus EPS estimate of $4.87.

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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.49%), Gateway Investment Advisers LLC (0.12%), Hennessy Advisors Inc. (0.06%), Wealth Enhancement Advisory Services LLC (0.05%), Annex Advisory Services LLC (0.04%) and Brookstone Capital Management (0.04%). Insiders that own company stock include Anthony Reese, Charles R Matthews, Gale E Klappa, Glen E Tellock, Joshua M Erickson, Molly A Mulroy, Robert M Garvin, Scott J Lauber, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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