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 |
|---|---|---|---|
| 4/8/2025 | $106.00 → $108.00 | Underweight → Neutral | 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 |
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
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
DEFA14A - WEC ENERGY GROUP, INC. (0000783325) (Filer)
DEF 14A - WEC ENERGY GROUP, INC. (0000783325) (Filer)
8-K - WEC ENERGY GROUP, INC. (0000783325) (Filer)
PRE 14A - WEC ENERGY GROUP, INC. (0000783325) (Filer)
10-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/A - WEC ENERGY GROUP, INC. (0000783325) (Filer)
Analyst upgraded WEC Energy Group from Underweight to Neutral and set a new price target of $108.00 from $106.00 previously
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
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/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)
MILWAUKEE, May 8, 2025 /PRNewswire/ -- At WEC Energy Group's (NYSE:WEC) annual meeting of stockholders today, Gale Klappa, chairman of the board, and Scott Lauber, president and CEO, highlighted another strong year on virtually every meaningful measure — from customer satisfaction, to financial performance, to steady execution of the company's capital plan. They also emphasized that it was a year of growth and dedication to the company's mission of delivering affordable, reliable and clean energy to millions of customers across the Midwest. Company highlights Developed the largest five-year capital plan in company history — with a focus on supporting energy reliability and economic growth.A
MILWAUKEE, May 6, 2025 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income of $724.2 million, or $2.27 per share, for the first quarter of 2025. This compares to earnings of $622.3 million, or $1.97 per share, for last year's first quarter. Consolidated revenues totaled $3.1 billion, up $469.3 million from the first quarter a year ago. "Our positive first-quarter results were driven by continued economic growth in our region and a strong focus on operating excellence," said Scott Lauber, president and CEO. "We will continue to execute on the fundamentals — customer satisfaction, financial performance and steady execution of our capital plan." For the quarter, natural gas d
MILWAUKEE, April 29, 2025 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2025 first-quarter earnings news release before the stock market opens Tuesday, May 6. 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 May 6. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q1 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 avai
MILWAUKEE, April 17, 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 June 1, 2025, to stockholders of record on May 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 July 31, 2025, to stockholders of record on July 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, April 17, 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. The dividend is payable June 1, 2025, to stockholders of record on May 14, 2025. This marks the 331st 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, Feb. 4, 2025 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income based on generally accepted accounting principles (GAAP) of $1.5 billion, or $4.83 per share, for 2024. This compares to earnings of $1.3 billion, or $4.22 per share, for 2023. Full-year 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 (ICC). Full-year 2023 earnings included a non-cash charge of 41 cents per share related to previous capital investments that were disallowed by the ICC. Excluding these charges, WEC Energy Group's adjusted earnings
MILWAUKEE, Jan. 28, 2025 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2024 fourth-quarter and full-year earnings news release before the stock market opens Tuesday, Feb. 4. 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 Feb. 4. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q4 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-
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, May 8, 2025 /PRNewswire/ -- At WEC Energy Group's (NYSE:WEC) annual meeting of stockholders today, Gale Klappa, chairman of the board, and Scott Lauber, president and CEO, highlighted another strong year on virtually every meaningful measure — from customer satisfaction, to financial performance, to steady execution of the company's capital plan. They also emphasized that it was a year of growth and dedication to the company's mission of delivering affordable, reliable and clean energy to millions of customers across the Midwest. Company highlights Developed the largest five-year capital plan in company history — with a focus on supporting energy reliability and economic growth.A
MILWAUKEE, May 6, 2025 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income of $724.2 million, or $2.27 per share, for the first quarter of 2025. This compares to earnings of $622.3 million, or $1.97 per share, for last year's first quarter. Consolidated revenues totaled $3.1 billion, up $469.3 million from the first quarter a year ago. "Our positive first-quarter results were driven by continued economic growth in our region and a strong focus on operating excellence," said Scott Lauber, president and CEO. "We will continue to execute on the fundamentals — customer satisfaction, financial performance and steady execution of our capital plan." For the quarter, natural gas d
MILWAUKEE, April 29, 2025 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2025 first-quarter earnings news release before the stock market opens Tuesday, May 6. 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 May 6. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q1 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 avai
MILWAUKEE, April 17, 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 June 1, 2025, to stockholders of record on May 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 July 31, 2025, to stockholders of record on July 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, April 17, 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. The dividend is payable June 1, 2025, to stockholders of record on May 14, 2025. This marks the 331st 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, Feb. 4, 2025 /PRNewswire/ -- WEC Energy Group (NYSE:WEC) today reported net income based on generally accepted accounting principles (GAAP) of $1.5 billion, or $4.83 per share, for 2024. This compares to earnings of $1.3 billion, or $4.22 per share, for 2023. Full-year 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 (ICC). Full-year 2023 earnings included a non-cash charge of 41 cents per share related to previous capital investments that were disallowed by the ICC. Excluding these charges, WEC Energy Group's adjusted earnings
MILWAUKEE, Jan. 28, 2025 /PRNewswire/ -- WEC Energy Group Inc. (NYSE:WEC) will issue its 2024 fourth-quarter and full-year earnings news release before the stock market opens Tuesday, Feb. 4. 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 Feb. 4. To listen to webcast Go to wecenergygroup.com.Under 'Webcasts,' select 'Q4 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-
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
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)
4 - WEC ENERGY GROUP, INC. (0000783325) (Issuer)