WEC Energy Group, Inc. (WEC) is currently priced at $113.46, showing a price increase of 39 cents (0.345%) from the previous close at $113.07. With a trading volume of $1 million, which is 53% above the average, the stock is showing active movement in today's session.
In the latest quarterly earnings report released on Monday, May 4th, WEC Energy Group, Inc. exceeded expectations with a consensus estimate EPS of 2.3. The company reported a revenue of $3.32 billion, reflecting a strong performance in the market.
WEC offers a forward dividend yield of 3.36%, with a dividend per share of 95.25 cents MRQ. The company's dividend per share has increased by 6.8433 cents year over year, reaching $3.69 TTM.
The company's operating cash flow stands at $1.22 billion, resulting in a net change in cash of $36.4 million. WEC Energy Group also maintained a healthy free cash flow of $400.5 million.
WEC Energy Group reported a net income of $804.7 million, translating to an EPS of $2.47. The company demonstrated strong financial performance with a gross profit of $2 billion and operating income of $980 million.
Key financial ratios for WEC Energy Group, Inc. include a net profit margin of 23.43%, return on equity of 5.68%, and a price to earnings ratio of 11.71, indicating a favorable position in the market.
The company's total assets amount to $51.73 billion, with total liabilities at $37.16 billion. WEC Energy Group's net debt stands at $22.27 billion, reflecting a stable financial position.
This real-time financial report provides insights into WEC Energy Group, Inc.'s performance and financial health, showcasing positive indicators for investors.
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, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 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.