WEC Energy Group, Inc. (NYSE:WEC) Shareholders to Collect $0.95 Quarterly Dividend

WEC Energy Group, Inc. (NYSE:WEC) declared a quarterly dividend on Thursday, October 15th. Investors of record on Friday, November 13th will be given a dividend of $0.9525 per share by the utilities provider on Tuesday, December 1st. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, November 13th.

WEC Energy Group has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 23 consecutive years. WEC Energy Group has a dividend payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect WEC Energy Group to earn $6.01 per share next year, which means the company should continue to be able to cover its $3.81 annual dividend with an expected future payout ratio of 63.4%.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $106.09 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $105.35 and its two-hundred day moving average price is $110.91. WEC Energy Group has a 52 week low of $99.80 and a 52 week high of $119.91. The stock has a market cap of $34.57 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts anticipate that WEC Energy Group will post 5.60 EPS for the current fiscal year.

Analyst Ratings Changes

WEC has been the topic of several recent research reports. KeyCorp decreased their price target on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets cut their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Truist Financial reduced their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $120.61.

About WEC Energy Group

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.