Wec Stock Quote Company Overview and Insights

WEC Energy Group, the parent company of WEC Stock, has a long history dating back to 1926.

The company's roots date back to the early 20th century, when it was founded as Wisconsin Electric Power Company.

WEC Energy Group is a leading American energy company that serves over 4 million electric and gas customers in Wisconsin, Illinois, and Michigan.

With a strong presence in the Midwest, WEC Energy Group is one of the largest energy companies in the region.

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WEC Energy Group has made some big moves in the past few months. They announced the pricing terms of a cash tender offer in December 2024, aiming to purchase up to $350,000,000 in securities.

The company has been quite active in the tender offer space, with the offer being upsized from its initial amount. WEC Energy Group's stock is listed on the NYSE under the ticker symbol WEC.

In October 2024, WEC Energy Group reported its third-quarter results, revealing a net income of $240.1 million, or 76 cents per share.

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WEC Energy Group's revenue for 2023 was $8.89 billion, a decrease of -7.34% compared to the previous year's $9.60 billion.

Their earnings were $1.33 billion, a decrease of -5.43%. This shows a slight decline in financial performance compared to the previous year.

Here is a summary of WEC Energy Group's share price performance over the past year:

WEC Energy Group raised its quarterly dividend by 6.9 percent, a significant increase for investors.

The company declared a quarterly cash dividend of 89.25 cents per share, up from its previous rate.

This increase shows a commitment to rewarding shareholders with a higher return on their investment.

The dividend was declared on January 16, 2025, and is payable to shareholders of record as of the close of business on February 18, 2025.

This demonstrates the company's confidence in its financial performance and ability to deliver value to its shareholders.

WEC Energy Group has a history of declaring quarterly dividends, with the most recent declaration being 83.50 cents per share on October 17, 2024.

This consistent payout schedule provides a sense of stability and predictability for investors.

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WEC Energy Group's revenue took a hit in 2023, decreasing by 7.34% to $8.89 billion.

Their earnings also saw a decline, decreasing by 5.43% to $1.33 billion.

The company's financial performance is a good indicator of its overall health and stability.

WEC Energy Group's current share price is $98.92, which is a significant increase from its 52-week low of $75.13.

Here's a breakdown of the company's stock price performance over the past year:

Stock analysts are predicting a significant increase in WEC Energy Group's earnings, with an average estimate of $1.44 per share. This is a +30.91% growth rate compared to the prior year's earnings of $1.10 per share.

The number of estimates from analysts is relatively low, with only 5 predictions, but the range is still quite broad, from a low of $1.38 to a high of $1.50 per share.

Historically, WEC Energy Group has performed well after rising in the past, with a 67.31% accuracy rate over the subsequent 52-week period.

When evaluating a stock, it's essential to consider the risk involved. Interest payments are not well covered by earnings, which could lead to financial difficulties.

The dividend yield of 3.61% is another factor to consider, but it's not well covered by free cash flows. This means the company may struggle to maintain its dividend payments.

To get a better understanding of the stock's potential, let's look at the analyst ratings and earnings estimates. The average estimate for the stock is 1.44, with a high estimate of 1.50 and a low estimate of 1.38.

Here are the analyst estimates in a summary table:

The number of estimates from analysts is 5, which is a relatively small sample size. The growth rate estimate for the upcoming year is a significant +30.91% compared to the prior year's earnings of 1.10.

As you consider whether WEC Energy Group is overpriced, it's helpful to look at the company's historical performance. WEC Energy Group has risen higher in 35 of those 52 years over the subsequent 52-week period, corresponding to a historical accuracy of 67.31%.

This means that nearly 2 out of every 3 times, the stock has continued to rise after a 52-week period. That's a pretty impressive track record.

However, it's essential to keep in mind that past performance is not a guarantee of future results. The stock market can be unpredictable, and many factors can influence a company's performance.

If you're considering investing in WEC Energy Group, it's worth noting that a 67.31% historical accuracy is a significant statistic. It suggests that the company has a strong track record of continued growth.

Ultimately, whether WEC Energy Group is overpriced depends on your individual investment goals and risk tolerance. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.