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NYSE:WEC

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

WEC Energy Group logo
$95.57
+0.04 (+0.04%)
(As of 11/1/2024 ET)

About WEC Energy Group Stock (NYSE:WEC)

Key Stats

Today's Range
$95.09
$98.58
50-Day Range
$92.61
$99.85
52-Week Range
$75.13
$100.31
Volume
3.18 million shs
Average Volume
2.07 million shs
Market Capitalization
$30.21 billion
P/E Ratio
23.37
Dividend Yield
3.49%
Price Target
$94.45
Consensus Rating
Hold

Company Overview

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 Energy Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

WEC MarketRank™: 

WEC Energy Group scored higher than 90% of companies evaluated by MarketBeat, and ranked 25th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    WEC Energy Group has received a consensus rating of Hold. The company's average rating score is 2.09, and is based on 4 buy ratings, 4 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    WEC Energy Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about WEC Energy Group's stock forecast and price target.
  • Earnings Growth

    Earnings for WEC Energy Group are expected to grow by 7.19% in the coming year, from $4.87 to $5.22 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of WEC Energy Group is 23.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of WEC Energy Group is 23.37, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.56.

  • Price to Earnings Growth Ratio

    WEC Energy Group has a PEG Ratio of 2.46. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    WEC Energy Group has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about WEC Energy Group's valuation and earnings.
  • Percentage of Shares Shorted

    3.17% of the outstanding shares of WEC Energy Group have been sold short.
  • Short Interest Ratio / Days to Cover

    WEC Energy Group has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in WEC Energy Group has recently increased by 6.60%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    WEC Energy Group pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    WEC Energy Group has been increasing its dividend for 22 years.

  • Dividend Coverage

    The dividend payout ratio of WEC Energy Group is 81.66%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, WEC Energy Group will have a dividend payout ratio of 63.98% next year. This indicates that WEC Energy Group will be able to sustain or increase its dividend.

  • Read more about WEC Energy Group's dividend.
  • Percentage of Shares Shorted

    3.17% of the outstanding shares of WEC Energy Group have been sold short.
  • Short Interest Ratio / Days to Cover

    WEC Energy Group has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in WEC Energy Group has recently increased by 6.60%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    WEC Energy Group has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for WEC Energy Group this week, compared to 10 articles on an average week.
  • Search Interest

    14 people have searched for WEC on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added WEC Energy Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, WEC Energy Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,078,058.00 in company stock.

  • Percentage Held by Insiders

    Only 0.34% of the stock of WEC Energy Group is held by insiders.

  • Percentage Held by Institutions

    77.20% of the stock of WEC Energy Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about WEC Energy Group's insider trading history.
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WEC Stock News Headlines

Wells Fargo Sticks to Its Buy Rating for WEC Energy Group (WEC)
625,000% Gain
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WEC Energy Affirms FY24 Outlook - Update
WEC Energy Group reports third-quarter results
Allete unit sells Whitetail wind project in Wisconsin to Invenergy
See More Headlines

WEC Stock Analysis - Frequently Asked Questions

WEC Energy Group's stock was trading at $84.17 on January 1st, 2024. Since then, WEC shares have increased by 13.5% and is now trading at $95.57.
View the best growth stocks for 2024 here
.

WEC Energy Group, Inc. (NYSE:WEC) posted its quarterly earnings data on Thursday, October, 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The company's revenue for the quarter was down 4.8% compared to the same quarter last year.
Read the conference call transcript
.

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

Top institutional shareholders of WEC Energy Group include Principal Financial Group Inc. (0.52%), Confluence Investment Management LLC (0.48%), Raymond James & Associates (0.41%) and Assenagon Asset Management S.A. (0.18%). Insiders that own company stock include Gale E Klappa, Scott J Lauber, Robert M Garvin, William J Guc, Mary Beth Straka, 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that WEC Energy Group investors own include NVIDIA (NVDA), Chevron (CVX), Exxon Mobil (XOM), Meta Platforms (META), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Coca-Cola (KO).

Company Calendar

Ex-Dividend for 9/1 Dividend
8/14/2024
Dividend Payable
9/01/2024
Last Earnings
10/31/2024
Today
11/01/2024
Ex-Dividend for 12/1 Dividend
11/14/2024
Dividend Payable
12/01/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/06/2025

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
$94.45
High Stock Price Target
$108.00
Low Stock Price Target
$84.00
Potential Upside/Downside
-1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
18.29%

Debt

Sales & Book Value

Annual Sales
$8.89 billion
Cash Flow
$8.60 per share
Book Value
$38.17 per share

Miscellaneous

Free Float
315,004,000
Market Cap
$30.21 billion
Optionable
Optionable
Beta
0.44

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This page (NYSE:WEC) was last updated on 11/2/2024 by MarketBeat.com Staff
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