WEC Stock Recent News

MILWAUKEE , Jan. 25, 2024 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) will issue its 2023 fourth-quarter and full-year earnings news release before the stock market opens Thursday, Feb. 1. A conference call for investors and security analysts is scheduled for the same day at 1 p.m.

For savvy investors, hunting down undervalued stocks can mean unearthing overlooked stocks with big potential. In any market cycle, undervalued stocks are there, waiting to be scooped up at bargain prices, but they tend to get even less attention in a bull market, as we saw in 2023.

WEC Energy is an attractive utility stock due to potential interest rate decreases and its history of beating guidance. The company has steadily grown its sales and EPS over the last decade, with analyst consensus expecting continued growth. WEC Energy offers a strong dividend yield and plans to invest in renewable energy projects, regional development, and environmental sustainability.

WEC Energy (WEC) continues to increase shareholders' value, as its board of directors approves a 7% quarterly dividend hike.

It's often said that it is better to give than to receive. After another 7% dividend boost, WEC Energy Group's Board of Directors is probably feeling mighty jolly right now. The electric and gas utility's diluted EPS moved higher in the third quarter by 4.2%. WEC Energy Group enjoys an A- credit rating on a stable outlook from S&P.

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Entergy (ETR) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?

The Utility sector has struggled due to rising interest rates and inflation, resulting in share price declines and high dividend yields. California Water Service Group, Alliant Energy, and WEC Energy Group are identified as buying opportunities in the utility sector. These companies have faced challenges but offer strong dividend growth, and solid dividend safety, and are undervalued compared to historical values.

WEC Energy's (WEC) third-quarter 2023 earnings increase year over year. The company lowers its total operating expenses during the same period.

WEC Energy Group, Inc. (NYSE:WEC ) Q3 2023 Earnings Conference Call October 31, 2023 2:00 PM ET Company Participants Gale Klappa - Executive Chairman Scott Lauber - President and Chief Executive Officer Xia Liu - Executive Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Ross Fowler - UBS Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America Neil Kalton - Wells Fargo Jeremy Tonet - JPMorgan Anthony Crowdell - Mizuho Paul Patterson - Glenrock Associates Operator Good afternoon, and welcome to WEC Energy Group's Conference Call for Third Quarter 2023 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 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.96 per share a year ago.