WEC Energy Group

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WEC Energy Group posts robust earnings, eyes renewables for growth

WEC Energy Group's Q4 2022 earnings call highlighted strong financial performance, credit support, and strategic investments in renewables and infrastructure. Despite challenges like material shortages, the company remains optimistic about growth opportunities through acquisitions and innovative projects.

WEC Energy Group reports Q1 earnings impacted by mild weather

WEC Energy Group navigates mild weather impacts with initiatives to offset earnings. Focus on ESG investments and zero-carbon projects for sustainable growth. Challenges in demand trends and gas heating transition balanced by opportunities in earnings growth and solar investments.

WEC Energy Group meets Q2 earnings, focuses on innovation and growth

WEC Energy Group reports solid Q2 earnings in line with yearly guidance, emphasizing financial discipline and customer satisfaction. Strategic initiatives with Microsoft and regulatory progress highlight the company's commitment to innovation and growth. Challenges include managing equity issuance and regulatory complexities, while opportunities lie in renewable energy expansion and operational efficiency.

WEC Energy Group reports solid Q3 earnings and accelerates ESG investments

WEC Energy Group's performance in Q3 met expectations with a strong focus on ESG investments and renewable energy transition.
The company's strengths lie in its improving balance sheet metrics, strategic capital reallocation, and tax credit expectations.
Challenges include managing one-time expenses, regulatory hurdles in transitioning to natural gas, and aligning rate changes with inflation.
Opportunities include investments in renewables, leveraging economic growth, and potential O&M upside for a robust fourth quarter.

WEC Energy Group reports solid earnings, eyes growth in renewables

WEC Energy Group delivered strong financial performance in 2023 despite setbacks in Illinois. The company is focused on enhancing its infrastructure and customer satisfaction while navigating regulatory challenges. Opportunities for growth lie in expanding capital investments in Wisconsin and renewable energy projects.

WEC Energy Group exceeds Q1 earnings, invests in sustainability

WEC Energy Group's strong financial performance and strategic investments position it well for future growth and sustainability goals.
While facing challenges in cost management and customer-specific sales, the company has opportunities for revenue growth and operational enhancements.
Navigating regulatory changes and stakeholder expectations will be key, but the company's focus on reliability and cleaner energy sources is a strength.
Overall, WEC Energy Group's proactive approach to investments and operational improvements bodes well for its long-term success in a dynamic energy landscape.

WEC Energy Group surpasses Q2 earnings expectations, eyes sustainable growth

WEC Energy Group delivered strong financial performance in Q2 2024, exceeding earnings guidance and maintaining a positive outlook for the full year. The company's strategic investments in renewable energy and proactive approach to regulatory matters position it well for future growth. While facing challenges like project delays, WEC Energy Group remains focused on sustainable operations and shareholder value.

WEC Energy Group posts solid Q3 earnings, commits to renewable growth

WEC Energy Group's Q3 performance and strategic outlook reflect stability, growth, and commitment to sustainable energy solutions.
While facing challenges in cost considerations and regulatory engagements, the company is well-positioned to capitalize on growth opportunities.
By balancing financial sources, focusing on renewable energy investments, and planning for rate base growth, WEC Energy Group aims for long-term success.
The company's emphasis on carbon-free generation, infrastructure investments, and financial prudence underpins its resilience and strategic vision.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Brookfield Renewable Partners

Enbridge

Enbridge is a midstream giant with a 29-year streak of annual dividend increases behind it and a 7.4% yield. WEC Energy is a boring utility stock, but its 4.1% yield is at the high end of the range over the past decade.

3 No-Brainer High-Yield Stocks to Buy With $1,000 Right Now

NextEra Energy has one of the fastest-growing dividends in the utility sector. WEC Energy's dividend is growing a little bit slower than NextEra Energy's dividend.

Forget NextEra Energy: Buy This Magnificent High-Yield Stock Instead.

NextEra Energy

Southern Company

Recession-proof utility stocks have always been stable dividend payers, making them popular long-term investments. But new exponential demand driven by artificial intelligence transforms these Wall Street wallflowers into high-growth AI plays.

3 Recession-Proof Utility Stocks to Power Up Your Portfolio This July

Finding dividend stocks with 4%-plus yields and solid dividend growth is hard while the market is hitting all-time highs. Brookfield Renewable is building the future of the global energy market and has a yield of up to 5.5%.

2 Dividend Growth Stocks With Yields up to 5.5% That Are Screaming Buys in July

Enterprise Products Partners

TotalEnergies SE

Enterprise Products Partners helps move energy around the world for a fee. WEC Energy is a diversified, regulated utility with a historically high yield.

3 High-Yield Energy Stocks That Are Screaming Buys in July

Amazon

Brookfield Asset Management

British American Tobacco

Carlisle Companies

Ecolab

Alphabet

Mastercard

Novartis

Public Storage

Stocks have been on fire since October lows, with many investors worried about bubbles and looming corrections. Even with the market at an all-time high, there are always extraordinary blue-chip bargains to buy. Optimal portfolio design with 11 sector Ultra SWAN blue-chip max volatility-adjusted return potential can provide good returns and lower volatility in bear markets.

11 Sleep Well At Night Blue-Chip Bargains For Today's Overvalued Market

CenterPoint Energy

Exelon

GameStop

“If you don't know who you are the stock market is an expensive place to find out,” stated legendary economist Adam Smith, back in 1723! That certainly applies currently to degenerative or “degen” traders.

From ‘Degen' to Disciplined: Why Trading Utility Stocks Beats Chasing Meme Stock Jackpots

Extra Space Storage

Utilities Select Sector SPDR Fund

Selling in May and going away doesn't work.

Buy Alert: 2 Top Dividend Stocks To Buy In June

The market saw a quick rebound from April's relatively brief and shallow pullback. Utilities have seen significant gains over the last month, becoming the best-performing sector for 2024. WEC Energy Group and NextEra Energy are attractive utility picks for income investors, with steady earnings growth and fueling dividend growth.

WEC Energy: Still An Attractive Utility Play While NextEra Energy Surges

Coca-Cola European Partners plc

Comcast

Evergy Inc

Alliant Energy

Starbucks

Sirius XM Holdings Inc

SPDR S&P 500 ETF Trust

Vanguard High Dividend Yield ETF

Essential Utilities

Xcel Energy

The bull run continues in May, with the Vanguard High Dividend Yield Index Fund ETF posting a gain of 3.03% and the SPDR S&P 500 ETF Trust a more impressive gain of 5.06%. My watchlist from the prior month posted an even more impressive gain of 5.92%. The top 10 stocks on the watchlist for May 2024 offer a 3.88% dividend yield, more than double the S&P 500.

My Top 10 High Yield Dividend Stocks For June 2024

WEC Energy (WEC) reported earnings 30 days ago. What's next for the stock?

Why Is WEC Energy (WEC) Down 4.6% Since Last Earnings Report?

MILWAUKEE , May 22, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE: WEC) today announced the pricing of $750,000,000 in aggregate principal amount of its 4.375% convertible senior notes due 2027 (the "2027 convertible notes") and $750,000,000 in aggregate principal amount of its 4.375% convertible senior notes due 2029 (the "2029 convertible notes" and, together with the 2027 convertible notes, the "convertible notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, 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.

WEC Energy Group announces pricing of $750 million of 4.375% Convertible Senior Notes due 2027 and $750 million of 4.375% Convertible Senior Notes due 2029

MILWAUKEE , May 22, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE: WEC) today announced that it intends to offer, subject to market and other conditions, $750,000,000 in aggregate principal amount of its convertible senior notes due 2027 (the "2027 convertible notes") and $750,000,000 in aggregate principal amount of its convertible senior notes due 2029 (the "2029 convertible notes" and, together with the 2027 convertible notes, the "convertible notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, WEC Energy Group expects to grant 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.

WEC Energy Group announces offering of Convertible Senior Notes due 2027 and Convertible Senior Notes due 2029

WEC Energy Group has a strong track record of growth and plans to invest over $20 billion in fresh investments, fueling significant EPS growth for the next 5 years. Wisconsin's increasing demand for energy, including Microsoft's $3.3 billion investment in a datacenter campus, provides opportunities for WEC's growth in the state. WEC's cash flow greatly exceeds its earnings, leaving ample capital available for investment, and the company anticipates minimal equity issuance.

WEC Energy Group's Large Project Pipeline Keeps Growth Flowing

Duke Energy

Utilities with good yield and dividend growth are difficult to find. Duke, NextEra Energy, WEC Energy Group, and Xcel Energy are quality utilities with growing earnings and reliable dividends. Duke falls short in terms of the Chowder #, while the other three utilities meet the criteria for a good value buy investment.

4 Utilities Duke, NextEra, WEC And Xcel Energy: Review To Buy

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.

Klappa, Lauber highlight exceptional year for WEC Energy Group

Despite a dip in operating revenue, improved profitability helped WEC's diluted EPS climb higher in the first quarter.

WEC Energy Group: A Dividend Aristocrat In The Making

WEC Energy's (WEC) first-quarter 2024 earnings, as well as total electric sales volume, increase year over year.

WEC Energy (WEC) Q1 Earnings Top Estimates, Revenues Lag

DTE Energy

Investors interested in Utility - Electric Power stocks are likely familiar with DTE Energy (DTE) and WEC Energy Group (WEC). But which of these two stocks offers value investors a better bang for their buck right now?

DTE or WEC: Which Is the Better Value Stock Right Now?

WEC Energy Group (WEC) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $1.61 per share a year ago.

WEC Energy Group (WEC) Q1 Earnings Beat Estimates

MILWAUKEE , May 1, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $622.3 million, or $1.97 per share, for the first quarter of 2024 — up from $507.5 million, or $1.61 per share, in last year's first quarter. Consolidated revenues totaled $2.7 billion, down $207.9 million from the first quarter a year ago.

WEC Energy Group reports first-quarter results

Get a deeper insight into the potential performance of WEC Energy (WEC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling WEC Energy (WEC) Q1 Outlook: Wall Street Estimates for Key Metrics

U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million.

WEC Energy to acquire majority stake in Dallas solar project

MILWAUKEE , April 29, 2024 /PRNewswire/ -- 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.

WEC Energy Group to acquire 90% ownership of Delilah I Solar Energy Center

MILWAUKEE , April 24, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2024 first-quarter earnings news release before the stock market opens Wednesday, May 1. A conference call for investors and security analysts is scheduled for the same day at 1 p.m.

News for WEC Energy Group Stock (WEC)