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NYSE:WEC

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

$91.75
+1.18 (+1.30%)
(As of 08/21/2024 ET)
Today's Range
$90.61
$91.82
50-Day Range
$77.68
$91.75
52-Week Range
$75.13
$92.23
Volume
2.59 million shs
Average Volume
2.20 million shs
Market Capitalization
$28.98 billion
P/E Ratio
20.03
Dividend Yield
3.64%
Price Target
$88.69

WEC Energy Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
3.3% Downside
$88.69 Price Target
Short Interest
Healthy
2.60% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.15
Upright™ Environmental Score
News Sentiment
1.24mentions of WEC Energy Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$218,668 Sold Last Quarter
Proj. Earnings Growth
6.76%
From $4.88 to $5.21 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.

4.40 out of 5 stars

Utilities Sector

20th out of 93 stocks

Electric & Other Services Combined Industry

7th out of 17 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

Air Force quietly working with sub $10 stock on new tech
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
Air Force quietly working with sub $10 stock on new tech
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
See More Headlines
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Company Calendar

Ex-Dividend for 6/1 Dividend
5/13/2024
Dividend Payable
6/01/2024
Last Earnings
7/31/2024
Ex-Dividend for 9/1 Dividend
8/14/2024
Today
8/21/2024
Dividend Payable
9/01/2024
Next Earnings (Estimated)
10/29/2024
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
$88.69
High Stock Price Target
$103.00
Low Stock Price Target
$78.00
Potential Upside/Downside
-3.3%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
18.29%

Debt

Sales & Book Value

Annual Sales
$8.63 billion
Cash Flow
$8.86 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
314,749,000
Market Cap
$28.98 billion
Optionable
Optionable
Beta
0.41

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

Pros

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

  • WEC Energy Group has a consistent track record of paying dividends, offering investors a reliable income stream. The current dividend yield of 3.79% is attractive for income-oriented investors.
  • Recent quarterly earnings results have exceeded analyst expectations, indicating strong financial performance and potential for growth.
  • Barclays raised the target price on WEC Energy Group, suggesting positive sentiment and potential for stock price appreciation.
  • WEC Energy Group has a diversified business model, providing regulated natural gas and electricity services as well as renewable energy solutions, which can mitigate risks associated with a single sector.
  • With a P/E ratio of 19.26 and a PEG ratio of 2.33, WEC Energy Group's valuation metrics indicate reasonable pricing and growth potential.

Cons

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

  • StockNews.com downgraded WEC Energy Group from a "hold" to a "sell" rating, signaling potential concerns about the company's performance.
  • KeyCorp lowered the target price on WEC Energy Group, which could reflect uncertainties in the company's future prospects.
  • Multiple analysts have rated the stock as a sell, indicating a lack of consensus on the company's outlook among experts.
  • The company's revenue was down 3.2% in the latest quarterly report, raising questions about its ability to maintain growth in a competitive market.
  • WEC Energy Group's stock price has been fluctuating, with recent trading showing volatility that may pose risks for short-term investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 15, 2024. Please send any questions or comments about these WEC Energy Group pros and cons to contact@marketbeat.com.

WEC Stock Analysis - Frequently Asked Questions

How have WEC shares performed this year?

WEC Energy Group's stock was trading at $84.17 on January 1st, 2024. Since then, WEC shares have increased by 9.0% and is now trading at $91.75.
View the best growth stocks for 2024 here
.

How were WEC Energy Group's earnings last quarter?

WEC Energy Group, Inc. (NYSE:WEC) released its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The company's revenue was down 3.2% compared to the same quarter last year.
Read the conference call transcript
.

Does WEC Energy Group have any subsidiaries?

WEC Energy Group subsidiaries include these companies: Integrys Energy Group, Wicor, American Transmission Company LLC, ATC Development Manager Inc., ATC Holdco LLC, ATC Holding LLC, ATC Management Inc., and more.

Who are WEC Energy Group's major shareholders?

Top institutional shareholders of WEC Energy Group include American Century Companies Inc. (0.81%), Bank of New York Mellon Corp (0.71%), Earnest Partners LLC (0.62%) and Principal Financial Group Inc. (0.57%). Insiders that own company stock include Gale E Klappa, Scott J Lauber, Robert M Garvin, William Mastoris, Joshua M Erickson, Charles R Matthews, Molly A Mulroy, Anthony Reese, Glen E Tellock, Tom Metcalfe and Thomas K Lane.
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.

What other stocks do shareholders of WEC Energy Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WEC Energy Group investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Procter & Gamble (PG), Intel (INTC) and

This page (NYSE:WEC) was last updated on 8/22/2024 by MarketBeat.com Staff

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