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WEC Energy (WEC) Company Overview

Profile

Full Name:

WEC Energy Group, Inc.

Sector:

Utilities

Industry:

Electric

Country:

United States

IPO:

March 17, 1980

Indexes:

Description:

WEC Energy Group, Inc. is an energy holding company that, along with its subsidiaries, provides natural gas, electricity, and non-regulated renewable energy sources. The company was founded in 1981 and its main executive offices are located in Milwaukee, Wisconsin. Subsidiaries WE, WPS, and UMERC generate and distribute electricity throughout the state of Wisconsin. Electricity supplies include sales to retail, wholesale, and resale customers, as well as sales to customers who have switched to an alternative electricity supplier. WE also includes a steam company that generates, distributes, and sells steam used for processing, space heating, hot water supply, and humidification. The company owns power plants operating on coal, natural gas, and renewable energy sources, with approximately 7,118 MW of generating capacity.

Key Details

Price

$99.06

Annual Revenue

$8.89 B(-7.34% YoY)

Annual EPS

$4.22(-5.17% YoY)

Beta

-0.01

Events Calendar

Earnings

Next earnings date:

May 1, 2025

Recent quarterly earnings:

Feb 4, 2025

Recent annual earnings:

Feb 4, 2025
Dividend

Next ex-dividend date:

Feb 14, 2025

Recent ex-dividend date:

Nov 14, 2024
Splits

Next split:

N/A

Recent split:

Mar 2, 2011

Analyst ratings

Recent major analysts updates

Feb 5, 25 Wells Fargo
Overweight
Feb 5, 25 BMO Capital
Market Perform
Jan 2, 25 Barclays
Equal-Weight
Dec 12, 24 B of A Securities
Neutral
Dec 9, 24 Scotiabank
Sector Outperform
Dec 4, 24 Keybanc
Overweight
Dec 2, 24 BMO Capital
Market Perform
Oct 22, 24 Keybanc
Overweight
Oct 16, 24 Wells Fargo
Overweight
Oct 8, 24 Barclays
Underweight

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WEC Energy Q4 Earnings Miss Estimates, Revenues Rise Y/Y
WEC Energy Q4 Earnings Miss Estimates, Revenues Rise Y/Y
WEC Energy Q4 Earnings Miss Estimates, Revenues Rise Y/Y
WEC
zacks.comFebruary 6, 2025

WEC's earnings and revenues for the fourth quarter of 2024 have risen compared to the previous year. At the same time, total operating expenses have decreased.

WEC Energy Group, Inc. (WEC) Q4 2024 Earnings Call Transcript
WEC Energy Group, Inc. (WEC) Q4 2024 Earnings Call Transcript
WEC Energy Group, Inc. (WEC) Q4 2024 Earnings Call Transcript
WEC
seekingalpha.comFebruary 4, 2025

WEC Energy Group, Inc. (NYSE:WEC) will hold its Q4 2024 Earnings Conference Call on February 4, 2025, at 2:00 PM ET. The call will feature company leaders, including President and CEO Scott Lauber and CFO Xia Liu, along with various analysts from different financial firms. Please note that this call is being recorded, and all participants are currently in listen-only mode.

WEC Energy Group (WEC) Q4 Earnings and Revenues Lag Estimates
WEC Energy Group (WEC) Q4 Earnings and Revenues Lag Estimates
WEC Energy Group (WEC) Q4 Earnings and Revenues Lag Estimates
WEC
zacks.comFebruary 4, 2025

WEC Energy Group (WEC) reported quarterly earnings of $1.43 per share, which is slightly below the Zacks Consensus Estimate of $1.44 per share. This is an increase compared to earnings of $1.10 per share from the same period last year.

WEC Energy Group posts 2024 results
WEC Energy Group posts 2024 results
WEC Energy Group posts 2024 results
WEC
prnewswire.comFebruary 4, 2025

MILWAUKEE, Feb. 4, 2025 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced a net income of $1.5 billion, or $4.83 per share, for the year 2024, according to generally accepted accounting principles (GAAP). This is an increase from the previous year's earnings of $1.3 billion, which was $4.22 per share in 2023.

WEC Energy Group to announce 2024 fourth-quarter and year-end financial results Feb. 4
WEC Energy Group to announce 2024 fourth-quarter and year-end financial results Feb. 4
WEC Energy Group to announce 2024 fourth-quarter and year-end financial results Feb. 4
WEC
prnewswire.comJanuary 28, 2025

MILWAUKEE, Jan. 28, 2025 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will release its earnings report for the fourth quarter and the entire year of 2024 before the stock market opens on Tuesday, February 4. An investor and analyst conference call will take place on the same day at 1 p.m.

SVN McDonald & Co. Releases “The WEC Effect” Report: Exploring the Impact of the World Equestrian Center on Marion County Land Values
SVN McDonald & Co. Releases “The WEC Effect” Report: Exploring the Impact of the World Equestrian Center on Marion County Land Values
SVN McDonald & Co. Releases “The WEC Effect” Report: Exploring the Impact of the World Equestrian Center on Marion County Land Values
WEC
businesswire.comJanuary 25, 2025

OCALA, Fla.--(BUSINESS WIRE)--The World Equestrian Center: Changing Ocala's Real Estate Scene Ocala and Marion County, famous for their equestrian culture, beautiful farms, and friendly atmosphere, are known as the "Horse Capital of the World." The World Equestrian Center (WEC), which opened in January 2021, is a modern facility that has significantly impacted the area. "The World Equestrian Center has greatly influenced land prices in the region."

Wisconsin Electric declares quarterly dividends
Wisconsin Electric declares quarterly dividends
Wisconsin Electric declares quarterly dividends
WEC
prnewswire.comJanuary 16, 2025

MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The board of directors at Wisconsin Electric announced a quarterly cash dividend of 90 cents per share for the 3.60% Series of Preferred Stock, which will be paid on March 1, 2025, to shareholders recorded by February 14, 2025. Additionally, a quarterly cash dividend of $1.50 per share for the Six Per Cent Preferred Stock was declared, set to be paid on April 30, 2025, to shareholders recorded by April 14, 2025.

WEC Energy Group raises quarterly dividend by 6.9 percent
WEC Energy Group raises quarterly dividend by 6.9 percent
WEC Energy Group raises quarterly dividend by 6.9 percent
WEC
prnewswire.comJanuary 16, 2025

On January 16, 2025, WEC Energy Group's board of directors announced a quarterly cash dividend of 89.25 cents per share for its common stock. This is a 6.9 percent increase from the previous dividend of 83.50 cents per share. As a result, the annual dividend rate is now $3.57 per share.

Down -5.14% in 4 Weeks, Here's Why You Should You Buy the Dip in WEC Energy (WEC)
Down -5.14% in 4 Weeks, Here's Why You Should You Buy the Dip in WEC Energy (WEC)
Down -5.14% in 4 Weeks, Here's Why You Should You Buy the Dip in WEC Energy (WEC)
WEC
zacks.comJanuary 7, 2025

WEC Energy (WEC) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may change direction soon.

Here's Why You Should Add WEC Energy Stock to Your Portfolio Now
Here's Why You Should Add WEC Energy Stock to Your Portfolio Now
Here's Why You Should Add WEC Energy Stock to Your Portfolio Now
WEC
zacks.comDecember 30, 2024

WEC presents a compelling argument for investment due to its potential for growth, effective management of debt, and ability to enhance shareholder value. Its return on equity also supports this positive outlook. Overall, these factors make it an attractive option for investors.

FAQ

  • What is the ticker symbol for WEC Energy?
  • Does WEC Energy pay dividends?
  • What sector is WEC Energy in?
  • What industry is WEC Energy in?
  • What country is WEC Energy based in?
  • When did WEC Energy go public?
  • Is WEC Energy in the S&P 500?
  • Is WEC Energy in the NASDAQ 100?
  • Is WEC Energy in the Dow Jones?
  • When was WEC Energy's last earnings report?
  • When does WEC Energy report earnings?
  • Should I buy WEC Energy stock now?

What is the ticker symbol for WEC Energy?

The ticker symbol for WEC Energy is NYSE:WEC

Does WEC Energy pay dividends?

Yes, WEC Energy pays dividends. The last payment was $0.83, with an ex-dividend date on November 14, 2024

What sector is WEC Energy in?

WEC Energy is in the Utilities sector

What industry is WEC Energy in?

WEC Energy is in the Electric industry

What country is WEC Energy based in?

WEC Energy is headquartered in United States

When did WEC Energy go public?

WEC Energy's initial public offering (IPO) was on March 17, 1980

Is WEC Energy in the S&P 500?

Yes, WEC Energy is included in the S&P 500 index

Is WEC Energy in the NASDAQ 100?

No, WEC Energy is not included in the NASDAQ 100 index

Is WEC Energy in the Dow Jones?

No, WEC Energy is not included in the Dow Jones index

When was WEC Energy's last earnings report?

WEC Energy's most recent earnings report was on Feb 4, 2025

When does WEC Energy report earnings?

The next expected earnings date for WEC Energy is May 1, 2025

Should I buy WEC Energy stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions