WEC Stock Recent News

WEC Energy (WEC) reported earnings 30 days ago. What's next for the stock?

WEC Energy is poised to benefit from the AI boom, with energy consumption expected to grow significantly, driving demand for its services. The company has a diversified portfolio and plans to increase its focus on electricity generation and distribution while reducing natural gas distribution. Despite declining revenues, WEC Energy has improved operational efficiency, growing earnings per share and offering an attractive 3.5% dividend yield.

Wisconsin-focused regulated utility WEC Energy Group, Inc. released its fourth-quarter and full-year 2024 earnings last Tuesday. After an initial negative reaction to the results, WEC shares have rebounded and are now trading back above $100, or a blended price-to-earnings ratio of almost 21. I discuss WEC's latest results and its longer-term prospects, as well as my stance on WEC stock going forward – especially against the backdrop of its premium valuation.

WEC Energy Group just raised its quarterly dividend per share for the 22nd consecutive year. The electric and gas utility should be able to deliver on its 6.5% to 7% annual adjusted diluted EPS growth forecast. WEC Energy's financial health can support its five-year $28 billion capital spending plan.

WEC's fourth-quarter 2024 earnings and revenues increase year over year. Total operating expenses decline during the same period.

WEC Energy Group, Inc. (NYSE:WEC ) Q4 2024 Earnings Conference Call February 4, 2025 2:00 PM ET Company Participants Scott Lauber - President and Chief Executive Officer Xia Liu - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Bill Appicelli - UBS Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Julien Dumoulin-Smith - Jefferies Andrew Weisel - Scotiabank Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Paul Fremont - Ladenburg Paul Patterson - Glenrock Associates Operator Good afternoon, and welcome to the WEC Energy Group's Conference Call for Fourth Quarter and Year-End 2024 Results. This call is being recorded for rebroadcast and all participants are in a listen-only mode at this time.

WEC Energy Group (WEC) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago.

MILWAUKEE , Feb. 4, 2025 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income based on generally accepted accounting principles (GAAP) of $1.5 billion, or $4.83 per share, for 2024. This compares to earnings of $1.3 billion, or $4.22 per share, for 2023.

SPY kicks off 2025 with a gain of 2.67% in January. VYM is off to an even better start with a gain of 3.75%. The top 10 stocks on the watchlist for February 2025 offer a 3.43% dividend yield, nearly triple that of the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 15.95% since its inception in November 2020.

Investors looking for stocks in the Utility - Electric Power sector might want to consider either Iberdrola S.A. (IBDRY) or WEC Energy Group (WEC).