The company is set to announce its latest quarterly earnings on Monday, May 4th, with a consensus estimate of $2.3 for earnings per share.
WEC Energy Group, Inc. is currently priced at $115.74, showing a 0.539% increase from the previous close. Trading volume stands at $181,714, representing an 8.43% deviation from the average.
In the most recent earnings report released on Wednesday, February 4th, the company surpassed expectations with an earnings per share of 1.38. The consensus estimate for revenue was 2.19 billion.
The company offers a forward dividend yield of 3.29%, with a dividend per share of 95.25 cents in the most recent quarter.
Wells Fargo recently upgraded WEC Energy Group, Inc. to 'Overweight', maintaining their positive outlook on the stock.
The company reported a net change in cash of -$55.9 million, with operating cash flow at $397.6 million and debt repayment amounting to -$1.11 billion.
WEC Energy Group, Inc. achieved a net income of $316.9 million, translating to an earnings per share of 97 cents and a gross profit of $1.24 billion.
Key financial ratios include a net profit margin of 12.49%, return on equity of 2.32%, and a price-to-earnings ratio of 27.07.
The company holds total assets of $51.52 billion, with total liabilities amounting to $37.47 billion and net debt at $22.29 billion.
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.