WEC EnergyNYSE: WEC

The financial results for WEC Energy (WEC) provide an overview of the company's performance for the quarter that ended in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

WEC Energy Group, Inc. (NYSE:WEC) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 2:00 PM ET. The call will feature company leaders, including President and CEO Scott Lauber, along with various financial analysts from different firms. Please note that this call is being recorded, and all participants are currently in listen-only mode.

WEC's earnings and revenues for the third quarter of 2024 have dropped compared to the previous year. At the same time, total operating expenses have also decreased during this period.

WEC Energy Group (WEC) reported quarterly earnings of $0.82 per share, which is higher than the Zacks Consensus Estimate of $0.70 per share. This is a decrease compared to earnings of $1 per share from the same period last year.

WEC Energy Group is set to announce its third quarter 2024 results on Thursday, October 31, before the market opens. Analysts predict that WEC's adjusted earnings per share will drop by 30% compared to last year, raising the question of whether it's wise to sell WEC shares due to this outlook. In this update, I will explain the three key reasons why I am choosing to keep my WEC shares, even with the negative earnings revisions and the presence of higher-yielding utility stocks among competitors.

Investors interested in the Utility - Electric Power sector may want to look at Entergy (ETR) or WEC Energy Group (WEC). The question is, which of these two stocks provides better value for money for investors at this time?

MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- Warner Baxter, who previously served as the executive chairman and CEO of Ameren Corp., and John Lange, the former global head of the Energy and Industrials Groups at Barclays PLC, have been named to the board of directors of WEC Energy Group (NYSE: WEC). Their new roles will begin on January 1, 2025.

On October 17, 2024, the Wisconsin Electric board announced a quarterly cash dividend of 90 cents per share for its 3.60% Series Preferred Stock, which will be paid on December 1, 2024, to shareholders recorded by November 14, 2024. Additionally, a quarterly cash dividend of $1.50 per share for the Six Percent Preferred Stock was declared, set to be paid on January 31, 2025, to shareholders recorded by January 14, 2025.

MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- WEC Energy Group's board of directors has announced a quarterly cash dividend of 83.50 cents per share for its common stock. This dividend will be paid on December 1, 2024, to shareholders who are on record as of November 14, 2024.