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 |
|---|---|---|---|
| 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 |
| 7/19/2023 | $103.00 → $102.00 | Overweight | KeyBanc Capital Markets |
| 5/18/2023 | $98.00 | Neutral → Buy | Mizuho |
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
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)
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, July 18, 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 Sept. 1, 2024, to stockholders of record on Aug. 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 Oct. 31, 2024, to stockholders of record on Oct. 11, 2024. 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 websit
MILWAUKEE, July 18, 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 Sept. 1, 2024, to stockholders of record on Aug. 14, 2024. This marks the 328th 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 Ga
MILWAUKEE, May 9, 2024 /PRNewswire/ -- At WEC Energy Group's (NYSE:WEC) annual meeting of stockholders today, Gale Klappa, executive chairman, 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 — including nearly 3,800 megawatts of new renewable capacity to serve th
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10-Q - WEC ENERGY GROUP, INC. (0000783325) (Filer)
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10-Q - WEC ENERGY GROUP, INC. (0000783325) (Filer)
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
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/ -- 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
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
GREEN BAY, Wis., Aug. 14, 2024 /PRNewswire/ -- Wisconsin Public Service (WPS) is once again receiving national recognition for providing outstanding service to its customers. J.D. Power has named WPS as the best electric utility in the Midwest for customer satisfaction and trust in a recent nationwide study. WPS is receiving the honor based on its strong finish in the J.D. Power 2024 U.S. Electric Utility Brand Appeal Index Study. WPS finished nearly 30 points higher in the study than the average Midwest electric utility's score. "This honor reflects our commitment to our customers," said Mike Hooper, president — WPS. "From delivering affordable, reliable and clean energy around the clock t
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
WEC Energy Group (NYSE:WEC) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2 1 0 Last 30D 0 1 1 1 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $88.0, a high estimate of $95.00, and a low estimate of $80.00. A 0.28% drop is evident in
Keybanc analyst Sophie Karp maintains WEC Energy Group (NYSE:WEC) with a Overweight and lowers the price target from $96 to $95.
BMO Capital analyst James Thalacker maintains WEC Energy Group (NYSE:WEC) with a Market Perform and lowers the price target from $90 to $87.
Barclays analyst Eric Beaumont maintains WEC Energy Group (NYSE:WEC) with a Underweight and raises the price target from $78 to $80.
WEC Energy Group granted the initial purchasers of the convertible notes an option to purchase, within a 13-day period beginning on, and including, the date the convertible notes are first issued, up to an additional $112,500,000 in aggregate principal amount of the 2027 convertible notes and up to an additional $112,500,000 in aggregate principal amount of the 2029 convertible notes. The offering is expected to close on May 28, 2024, subject to customary closing conditions. The convertible notes will be senior, unsecured obligations of WEC Energy Group. Interest on the convertible notes will be paid semiannually, at a rate of 4.375% per annum (in the case of the 2027 convertible notes) an
BMO Capital analyst James Thalacker maintains WEC Energy Group (NYSE:WEC) with a Market Perform and raises the price target from $89 to $90.
WEC Energy Group (NYSE:WEC) reported quarterly earnings of $1.97 per share which beat the analyst consensus estimate of $1.91 by 3.14 percent. This is a 22.36 percent increase over earnings of $1.61 per share from the same period last year. The company reported quarterly sales of $2.680 billion which missed the analyst consensus estimate of $2.916 billion by 8.11 percent. This is a 7.20 percent decrease over sales of $2.888 billion the same period last year.
WEC Energy Group, Inc. (NYSE:WEC) shares are trading higher after the company inked a deal to acquire a 90% ownership interest in the Delilah I Solar Energy Center for $459 million. Delilah I is a 300-megawatt project located around 140 miles northeast of Dallas, Texas, and the commercial operation is expected to begin by the end of June. Delilah I is part of the five-phase Samson & Delilah solar portfolio and is one of the largest solar facilities under construction in the U.S. WEC Energy Group owns a majority stake in Samson I, which is a separate phase of the Samson & Delilah project. Gale Klappa, executive chairman, said, “The Delilah Solar project is an exciting addition to
WEC Energy Group (NYSE:WEC) today announced that the company has agreed to acquire a 90% ownership interest in the Delilah I Solar Energy Center.Delilah I is a 300-megawatt project located approximately 140 miles northeast of Dallas, Texas. The project was developed and built by Invenergy — a leading global developer and operator of sustainable energy solutions. Commercial operation is expected to begin by the end of June.Delilah I will generate renewable energy under a long-term power purchase agreement with a global automaker. WEC Energy Group's investment is expected to total $459 million for the 90% ownership interest."The Delilah Solar project is an exciting addition to our Infrastructu
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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
KeyBanc Capital Markets reiterated coverage of WEC Energy Group with a rating of Overweight and set a new price target of $102.00 from $103.00 previously
Mizuho upgraded WEC Energy Group from Neutral to Buy and set a new price target of $98.00