WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2020, it operated approximately 36,100 miles of overhead distribution lines and 34,900 miles of underground distribution cables, as well as 450 electric distribution substations and 507,900 line transformers; 50,300 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 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 incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
IPO Year:
Exchange: NYSE
Website: wecenergygroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/2/2025 | $89.00 → $93.00 | Underweight → Equal Weight | Barclays |
| 12/12/2024 | $90.00 → $98.00 | Underperform → Neutral | BofA Securities |
| 9/20/2024 | $102.00 | Hold | Jefferies |
| 4/10/2024 | $88.00 | Neutral | Goldman |
| 2/2/2024 | $90.00 → $84.00 | Neutral → Underweight | JP Morgan |
| 1/4/2024 | $84.00 → $78.00 | Neutral → Underperform | BofA Securities |
| 10/17/2023 | $102.00 → $86.00 | Buy → Neutral | BofA Securities |
| 9/27/2023 | $95.00 | Sector Perform | RBC Capital Mkts |
| 9/11/2023 | $85.00 | Neutral | Ladenburg Thalmann |
| 8/23/2023 | $83.00 | Underweight | Barclays |
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SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
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SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G - WEC ENERGY GROUP, INC. (0000783325) (Subject)
SC 13G/A - WEC ENERGY GROUP, INC. (0000783325) (Subject)
Barclays upgraded WEC Energy Group from Underweight to Equal Weight and set a new price target of $93.00 from $89.00 previously
BofA Securities upgraded WEC Energy Group from Underperform to Neutral and set a new price target of $98.00 from $90.00 previously
Jefferies initiated coverage of WEC Energy Group with a rating of Hold and set a new price target of $102.00
Goldman initiated coverage of WEC Energy Group with a rating of Neutral and set a new price target of $88.00
JP Morgan downgraded WEC Energy Group from Neutral to Underweight and set a new price target of $84.00 from $90.00 previously
BofA Securities downgraded WEC Energy Group from Neutral to Underperform and set a new price target of $78.00 from $84.00 previously
BofA Securities downgraded WEC Energy Group from Buy to Neutral and set a new price target of $86.00 from $102.00 previously
RBC Capital Mkts initiated coverage of WEC Energy Group with a rating of Sector Perform and set a new price target of $95.00
Ladenburg Thalmann initiated coverage of WEC Energy Group with a rating of Neutral and set a new price target of $85.00
Barclays initiated coverage of WEC Energy Group with a rating of Underweight and set a new price target of $83.00
MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable March 1, 2025, to stockholders of record on Feb. 14, 2025. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable April 30, 2025, to stockholders of record on April 14, 2025. Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE:WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Go to the We Energies webs
MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE:WEC) today declared a quarterly cash dividend of 89.25 cents per share on the company's common stock, an increase of 6.9 percent over the current quarterly dividend of 83.50 cents per share. This raises the annual dividend rate to $3.57 per share. The higher dividend is payable March 1, 2025, to stockholders of record on Feb. 14, 2025. This marks the 330th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders. "With today's action by our board, 2025 will be the 22nd consecutive year of dividend increases for our stockholders," said Scott Lauber, pres
MILWAUKEE, Dec. 5, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE:WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $3.57 per share — would be payable March 1, 2025, to stockholders of record on Feb. 14, 2025. "The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earni
MILWAUKEE, Oct. 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024. This compares to earnings of $316.0 million, or $1.00 per share, for last year's third quarter. Third-quarter 2024 earnings include a charge of 6 cents per share related to certain capital expenditures under the Qualifying Infrastructure Plant (QIP) rider that were disallowed by the Illinois Commerce Commission. Excluding this charge, WEC Energy Group's adjusted earnings for the third quarter of 2024 were 82 cents per share — a decrease of 18 cents per share compared to third-quarter 2023 earnings. For the first nine months o
MILWAUKEE, Oct. 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2024 third-quarter earnings news release before the stock market opens Thursday, Oct. 31. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time. Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central time Oct. 31. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q3 Earnings' at any point within 15 minutes of the start of the call.To listen to conference call Conference ID: 3088105Live: 888-330-2443. International: 240-789-2728Replay: 800-770-2030. International: 647-362-9199(replay
MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable Dec. 1, 2024, to stockholders of record on Nov. 14, 2024. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable Jan. 31, 2025, to stockholders of record on Jan. 14, 2025. Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE:WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Go to the We Energies website
MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE:WEC) today declared a quarterly cash dividend of 83.50 cents per share on the company's common stock. The dividend is payable Dec. 1, 2024, to stockholders of record on Nov. 14, 2024. This marks the 329th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders. WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas
MILWAUKEE, Aug. 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today released its 2023 Corporate Responsibility Report. The report provides a comprehensive overview of the company's environmental, social and governance (ESG) performance. The report outlines the progress made by WEC Energy Group and its family of companies on major projects and the company's mission to deliver affordable, reliable and clean energy across the Midwest. The report also examines the company's climate strategy and the research and development of emerging technologies such as renewable natural gas, hydrogen power and long-duration battery storage. "We're pleased to report that we continued to make solid prog
MILWAUKEE, July 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income of $211.3 million, or 67 cents per share, for the second quarter of 2024 — down from $289.7 million, or 92 cents per share, in last year's second quarter. For the first six months of 2024, the company recorded net income of $833.6 million, or $2.64 per share — up from $797.2 million, or $2.52 per share, in the corresponding period a year ago. Consolidated revenues totaled $4.5 billion, down $265.9 million from the first half of 2023. "Despite the warmest winter on record, we're delivering solid results, and we're firmly on track for a strong 2024," said Scott Lauber, president and CEO. "We're focu
MILWAUKEE, July 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2024 second-quarter earnings news release before the stock market opens Wednesday, July 31. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time. Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central time July 31. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q2 Earnings' at any point within 15 minutes of the start of the call.To listen to conference call Conference ID: 3088105Live: 888-330-2443. International: 240-789-2728Replay: 800-770-2030. International: 647-362-9199(repla
MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- Warner Baxter, the retired executive chairman and chief executive officer of Ameren Corp., and John Lange, the retired global head of the Energy and Industrials Groups for Barclays PLC, have been appointed to the board of directors of WEC Energy Group (NYSE:WEC). Their appointments are effective Jan. 1, 2025. "We're very pleased that Warner and John have agreed to join our board," said Gale Klappa, chairman. "With their extensive experience in the energy sector, they will add significant depth and expertise to a highly engaged and effective board of directors." Warner Baxter Baxter spent more than 28 years at Ameren Corp., a Fortune 500 energy compan
Badger Meter, Inc. (NYSE:BMI) today announced that Xia Liu, Executive Vice President and Chief Financial Officer of WEC Energy Group (NYSE:WEC), has been appointed to its Board of Directors. The appointment of Ms. Liu increases the size of the Board to ten members. Ms. Liu joined WEC Energy Group in her current role in June 2020 having overall responsibility for strategic and long-range financial planning, corporate forecasting and budgeting, investor relations, treasury, accounting, tax, insurance, and risk management functions. Prior to WEC Energy Group, Ms. Liu served as Executive Vice President and Chief Financial Officer of CenterPoint Energy since 2019. Previously, she spent 21 years
MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable March 1, 2025, to stockholders of record on Feb. 14, 2025. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable April 30, 2025, to stockholders of record on April 14, 2025. Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE:WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Go to the We Energies webs
MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE:WEC) today declared a quarterly cash dividend of 89.25 cents per share on the company's common stock, an increase of 6.9 percent over the current quarterly dividend of 83.50 cents per share. This raises the annual dividend rate to $3.57 per share. The higher dividend is payable March 1, 2025, to stockholders of record on Feb. 14, 2025. This marks the 330th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders. "With today's action by our board, 2025 will be the 22nd consecutive year of dividend increases for our stockholders," said Scott Lauber, pres
MILWAUKEE, Dec. 19, 2024 /CNW/ - WEC Energy Group, Inc. (NYSE:WEC) ("WEC Energy Group") today announced the pricing terms of the previously announced upsized cash tender offer (the "Tender Offer") for $400,000,000 in aggregate principal amount (the "Aggregate Maximum Principal Amount") of the outstanding senior notes listed in the table below (the "Securities"). The table below summarizes certain information regarding the Securities and the Tender Offer, including the order of priority and purchase price information for the Securities. Title of Security CUSIP Number PrincipalAmountOutstanding AcceptanceSublimit AcceptancePriority Level (1) PrincipalAmountAccepted Proration Factor(2) U.S. Tr
MILWAUKEE, Dec. 18, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE:WEC) ("WEC Energy Group") today announced that, pursuant to the previously announced cash tender offer (the "Tender Offer") for up to $350,000,000 in aggregate principal amount of the outstanding senior notes listed in the table below (the "Securities"), $866,697,000 in aggregate principal amount of the Securities were validly tendered and not validly withdrawn on or prior to 5:00 p.m., Eastern Time, on December 18, 2024 (the "Early Tender Date"). WEC Energy Group also announced that it has amended the terms of the Tender Offer to increase the aggregate maximum principal amount to $400,000,000 in aggregate principal amount
MILWAUKEE, Dec. 9, 2024 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) announced today that Maria Bocanegra, previously the chief legal and government relations officer at the Port of Cleveland, has been named president — Peoples Gas and North Shore Gas, effective Jan. 2, 2025. "Maria has an impressive list of accomplishments in utility regulation and creating successful engagement strategies within the government, private and public sectors," said Scott Lauber, president and chief executive officer — WEC Energy Group. "I know her broad experience, along with her strong leadership, will be instrumental in helping us achieve our goals in Illinois." Bocanegra will have primary responsibility for
MILWAUKEE, Dec. 5, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE:WEC) ("WEC Energy Group") today announced the commencement of a cash tender offer (the "Tender Offer") for up to $350,000,000 in aggregate principal amount (as such amount may be increased or decreased by WEC Energy Group pursuant to the terms of the Tender Offer, the "Aggregate Maximum Principal Amount") of the outstanding senior notes listed in the table below (the "Securities"). The table below summarizes certain information regarding the Securities and the Tender Offer, including the order of priority and purchase price information for the Securities. Title of Security CUSIP Number Principal Amount Outstanding Acceptan
MILWAUKEE, Dec. 5, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE:WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $3.57 per share — would be payable March 1, 2025, to stockholders of record on Feb. 14, 2025. "The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earni
On Utility Scam Awareness Day, ComEd, Nicor Gas, Peoples Gas and North Shore Gas provide tips to identify scams used to steal money and personal information from families and businesses As the holiday season approaches, northern Illinois energy companies are joining the Better Business Bureau (BBB) of Chicago and Northern Illinois to warn customers to be on heightened alert for attempted scams, which tend to increase during this time of year. During national Utility Scam Awareness Day, ComEd, Nicor Gas, Peoples Gas and North Shore Gas are reminding families and businesses to stay vigilant to imposters who will show up at homes and businesses, then threaten to turn off utility service if
GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Wisconsin Public Service (WPS) is once again earning national recognition for its commitment to world-class reliability and customer service. The company has been named one of the top performing midsize utilities as part of PA Consulting's 2024 ReliabilityOne® Awards. "This award reflects the commitment we make to our customers every day — to ensure they have affordable, reliable and clean energy," said Mike Hooper, president — WPS. "This honor demonstrates the tireless efforts of our employees to provide customers across our region with the industry-leading service and reliability they depend on." Strengthening reliability, improving resilienc
MILWAUKEE, Oct. 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income of $240.1 million, or 76 cents per share, for the third quarter of 2024. This compares to earnings of $316.0 million, or $1.00 per share, for last year's third quarter. Third-quarter 2024 earnings include a charge of 6 cents per share related to certain capital expenditures under the Qualifying Infrastructure Plant (QIP) rider that were disallowed by the Illinois Commerce Commission. Excluding this charge, WEC Energy Group's adjusted earnings for the third quarter of 2024 were 82 cents per share — a decrease of 18 cents per share compared to third-quarter 2023 earnings. For the first nine months o
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8-K/A - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
10-Q - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)