WEC Energy Group, Inc. Announces Quarterly Dividend of $0.95 (NYSE:WEC)

WEC Energy Group, Inc. (NYSE:WEC) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.9525 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th.

WEC Energy Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. WEC Energy Group has a dividend payout ratio of 68.0% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.1%

WEC opened at $114.27 on Friday. WEC Energy Group has a 12 month low of $102.95 and a 12 month high of $119.91. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $113.59 and its 200-day moving average price is $113.22. The company has a market cap of $37.22 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.72 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business posted $2.27 EPS. WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts expect that WEC Energy Group will post 5.59 EPS for the current year.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.