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

$82.12
+0.94 (+1.16%)
(As of 04:10 PM ET)
Today's Range
$80.99
$82.17
50-Day Range
$76.46
$82.10
52-Week Range
$75.13
$99.26
Volume
2.61 million shs
Average Volume
2.33 million shs
Market Capitalization
$25.90 billion
P/E Ratio
19.46
Dividend Yield
4.07%
Price Target
$86.17

WEC Energy Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.5% Upside
$86.17 Price Target
Short Interest
Healthy
2.74% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.90
Upright™ Environmental Score
News Sentiment
0.72mentions of WEC Energy Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$3.15 M Sold Last Quarter
Proj. Earnings Growth
7.17%
From $4.88 to $5.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Utilities Sector

14th out of 89 stocks

Electric & Other Services Combined Industry

4th out of 18 stocks

WEC stock logo

About WEC Energy Group Stock (NYSE:WEC)

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. 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 1896 and is headquartered in Milwaukee, Wisconsin.

WEC Stock Price History

WEC Stock News Headlines

$25,000 into $109,616 in two months?
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WEC Jul 2024 82.500 put
WEC May 17th Options Begin Trading
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
WEC Apr 2024 90.000 put
Milwaukee's power brokers reveal their first job
WEC Oct 2024 75.000 put
WEC Energy Group Inc's Dividend Analysis
WEC Energy Group Inc WEC
What Analysts Are Saying About WEC Energy Group Stock
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/1 Dividend
2/13/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
97665710
Fax
N/A
Employees
7,000
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$86.17
High Stock Price Target
$95.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+6.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
17.27%

Debt

Sales & Book Value

Annual Sales
$8.89 billion
Cash Flow
$8.92 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
314,363,000
Market Cap
$25.61 billion
Optionable
Optionable
Beta
0.40

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Should I Buy WEC Energy Group Stock? WEC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of WEC Energy Group was last updated on Tuesday, March 26, 2024 at 11:08 PM.

Pros

Here are some ways that investors could benefit from investing in WEC Energy Group, Inc.:

  • WEC Energy Group, Inc. provides regulated natural gas and electricity services, offering stability and consistent revenue streams.
  • The company operates in multiple states, diversifying its geographical risk and potentially increasing growth opportunities.
  • With a focus on renewable energy services, WEC Energy Group is positioned to benefit from the growing demand for sustainable energy solutions.
  • Recent developments in the energy sector have increased interest in companies like WEC Energy Group, potentially leading to stock price appreciation.
  • WEC Energy Group has a strong track record of operational efficiency and financial performance, providing confidence to investors.

Cons

Investors should be bearish about investing in WEC Energy Group, Inc. for these reasons:

  • Regulatory changes in the energy industry could impact WEC Energy Group's operations and profitability.
  • Fluctuations in commodity prices, such as natural gas and electricity, may affect the company's financial performance.
  • Competition in the energy sector is intense, potentially limiting WEC Energy Group's market share and growth prospects.
  • Environmental regulations and policies could impose additional costs on the company, impacting its bottom line.
  • Investors should carefully consider the current stock price and valuation metrics to ensure they are making a sound investment decision.

WEC Stock Analysis - Frequently Asked Questions

Should I buy or sell WEC Energy Group stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View WEC analyst ratings
or view top-rated stocks.

What is WEC Energy Group's stock price target for 2024?

10 Wall Street analysts have issued 1-year target prices for WEC Energy Group's stock. Their WEC share price targets range from $75.00 to $95.00. On average, they anticipate the company's stock price to reach $86.17 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts price targets for WEC
or view top-rated stocks among Wall Street analysts.

How have WEC shares performed in 2024?

WEC Energy Group's stock was trading at $84.17 on January 1st, 2024. Since then, WEC shares have decreased by 3.0% and is now trading at $81.68.
View the best growth stocks for 2024 here
.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 7,940,000 shares, an increase of 25.6% from the January 31st total of 6,320,000 shares. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is currently 3.5 days. Approximately 2.5% of the company's stock are short sold.
View WEC Energy Group's Short Interest
.

When is WEC Energy Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our WEC earnings forecast
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) announced its earnings results on Thursday, February, 1st. The utilities provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The utilities provider had revenue of $2.22 billion for the quarter, compared to analyst estimates 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%. WEC Energy Group's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share.
Read the conference call transcript
.

How often does WEC Energy Group pay dividends? What is the dividend yield for WEC Energy Group?

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 4.09%. The ex-dividend date is Tuesday, February 13th. This is an increase from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for WEC
.

Is WEC Energy Group a good dividend stock?

WEC Energy Group (NYSE:WEC) pays an annual dividend of $3.34 per share and currently has a dividend yield of 4.25%. 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 21 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 63.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WEC.

What guidance has WEC Energy Group issued on next quarter's earnings?

WEC Energy Group issued an update on its FY 2024 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of 4.800-4.900 for the period, compared to the consensus EPS estimate of 4.870. The company issued revenue guidance of -.

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), Verizon Communications (VZ), Exxon Mobil (XOM), Procter & Gamble (PG), Intel (INTC), Altria Group (MO), Pfizer (PFE) and Walmart (WMT).

Who are WEC Energy Group's major shareholders?

WEC Energy Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.21%), Vanguard Group Inc. (13.21%), Wells Fargo & Company MN (2.41%), Magellan Asset Management Ltd (1.50%), Northern Trust Corp (1.29%) and Nuveen Asset Management LLC (1.22%). 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.
View institutional ownership trends
.

How do I buy shares of WEC Energy Group?

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.
Compare Top Brokerages Here.

Does WEC Energy Group have any subsidiaries?
The following companies are subsidiares of WEC Energy Group: Bishop Hill Energy III Holdings LLC, Blooming Grove Wind Energy Center Holdings LLC, Coyote Ridge Wind LLC, ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., American Transmission Company LLC, BGS Kimball Gas Storage LLC, Bluewater Gas Storage LLC, Bluewater Natural Gas Holding LLC, Elm Road Generating Station Supercritical LLC, Elm Road Services LLC, Integrys Energy Group, Integrys Holding Inc., Jayhawk Wind LLC, 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, and Wisvest LLC.
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This page (NYSE:WEC) was last updated on 3/28/2024 by MarketBeat.com Staff

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