WEC Energy
About: WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.
Employees: 7,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
133% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 7 (+4) [Q3]
47% more first-time investments, than exits
New positions opened: 146 | Existing positions closed: 99
26% more repeat investments, than reductions
Existing positions increased: 423 | Existing positions reduced: 336
24% more capital invested
Capital invested by funds: $19.6B [Q2] → $24.3B (+$4.73B) [Q3]
9.16% more ownership
Funds ownership: 78.98% [Q2] → 88.14% (+9.16%) [Q3]
4% more funds holding
Funds holding: 1,064 [Q2] → 1,111 (+47) [Q3]
47% less call options, than puts
Call options by funds: $68.3M | Put options by funds: $129M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$89
6%
downside
Avg. target
$103
9%
upside
High target
$110
16%
upside
6 analyst ratings
3 positive
50%
2 neutral
33%
1 negative
17%
B of A Securities Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target | 4%upside $98 | Neutral Upgraded | 12 Dec 2024 |
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target | 16%upside $110 | Sector Outperform Maintained | 9 Dec 2024 |
Keybanc Sophie Karp 50% 1-year accuracy 23 / 46 met price target | 15%upside $109 | Overweight Maintained | 4 Dec 2024 |
BMO Capital James Thalacker 64% 1-year accuracy 49 / 77 met price target | 10%upside $104 | Market Perform Maintained | 2 Dec 2024 |
Wells Fargo Neil Kalton 60% 1-year accuracy 28 / 47 met price target | 12%upside $106 | Overweight Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 10 articles about WEC published over the past 30 days
Positive
Zacks Investment Research
20 hours ago
ETR or WEC: Which Is the Better Value Stock Right Now?
Investors with an interest in Utility - Electric Power stocks have likely encountered both Entergy (ETR) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?
Neutral
PRNewsWire
1 day ago
WEC Energy Group Announces Pricing Terms of Its Cash Tender Offer
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.
Neutral
PRNewsWire
2 days ago
WEC Energy Group Announces Early Results and Upsize of Its Cash Tender Offer for Its Outstanding Senior Notes
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").
Neutral
PRNewsWire
1 week ago
Bocanegra named president -- Peoples Gas and North Shore Gas
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.
Positive
Zacks Investment Research
2 weeks ago
WEC Energy to Boost Shareholder Value With 6.9% Dividend Hike in 2025
WEC continues to increase shareholder value as its board of directors raises dividends by 6.9%. WEC also provides its 2025 earnings guidance.
Positive
MarketBeat
2 weeks ago
3 Utility Stocks That Will Benefit from Less Regulation
The rally in equities is being fueled, in large part, by optimism for a more business-friendly environment. That includes less of the regulation that has restricted business growth.
Neutral
PRNewsWire
2 weeks ago
WEC Energy Group Announces Cash Tender Offer for up to $350 Million of its Outstanding Senior Notes
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.
Neutral
PRNewsWire
2 weeks ago
WEC Energy Group announces plan to increase dividend by 6.9 percent
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.
Positive
Seeking Alpha
3 weeks ago
WEC Energy: A Consistent Dividend Grower To Buy Now
WEC Energy Group, Inc. remains on pace to become a Dividend Aristocrat later this decade. The utility just raised its five-year capital spending plan by $4.3 billion from 2024-2028 to 2025-2029. WEC Energy boasts an A-rated balance sheet to fund its ambitious capital investments.
Neutral
Zacks Investment Research
3 weeks ago
IBDRY or WEC: Which Is the Better Value Stock Right Now?
Investors with an interest in Utility - Electric Power stocks have likely encountered both Iberdrola S.A. (IBDRY) and WEC Energy Group (WEC).
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