WEC Energy - WEC STOCK NEWS

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has announced its quarterly dividend declarations. The company will pay $0.90 per share on its Preferred Stock, 3.60% Series, payable June 1, 2025, to stockholders of record on May 14, 2025. Additionally, a quarterly cash dividend of $1.50 per share was declared on the Six Per Cent Preferred Stock, payable July 31, 2025, to stockholders of record on July 14, 2025.

The company, operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.

WEC Energy Group (NYSE: WEC) has announced its quarterly cash dividend of 89.25 cents per share on common stock, payable June 1, 2025, to stockholders of record on May 14, 2025. This marks the company's 331st consecutive quarterly dividend payment, maintaining an unbroken streak dating back to 1942.

WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan and Minnesota through its principal utilities including We Energies, Wisconsin Public Service, and others. The company maintains $48 billion in assets, employs 7,000 people, and has 33,000 stockholders of record. As a Fortune 500 and S&P 500 component, WEC operates renewable generation facilities across multiple states through WEC Infrastructure

WEC Energy Group (NYSE: WEC) reported strong financial results for 2024, with GAAP net income reaching $1.5 billion ($4.83 per share), up from $1.3 billion ($4.22 per share) in 2023. Adjusted earnings, excluding ICC disallowance charges, increased 5.4% to $4.88 per share. Fourth quarter 2024 earnings were $453.5 million ($1.43 per share).

Annual consolidated revenues decreased by $293.1 million to $8.6 billion. Retail electricity deliveries saw a modest 0.5% increase, while natural gas deliveries in Wisconsin declined by 2.9%. The company reaffirmed its 2025 earnings guidance of $5.17-$5.27 per share, targeting 7.6% growth. WEC also announced a 6.9% dividend increase to 89.25 cents per share, marking its 22nd consecutive year of dividend growth.

WEC Energy Group (NYSE: WEC) has scheduled the release of its 2024 fourth-quarter and full-year earnings report before market opening on Tuesday, February 4. The company will host a conference call for investors and analysts at 1 p.m. Central time on the same day. Detailed financial information will be available on the company's website at 6:30 a.m. Central time.

WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota through its principal utilities including We Energies, Wisconsin Public Service, Peoples Gas, and others. The Fortune 500 company has approximately 34,000 stockholders, 7,000 employees, and assets exceeding $47 billion. Its subsidiary WEC Infrastructure manages renewable generation facilities across multiple states.

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has announced its quarterly dividend declarations. The company's board of directors declared a quarterly cash dividend of 90 cents per share on the Preferred Stock, 3.60% Series, payable March 1, 2025, to stockholders of record on February 14, 2025.

Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2025, to stockholders of record on April 14, 2025. The company, operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.

WEC Energy Group (NYSE: WEC) has announced a 6.9% increase in its quarterly cash dividend to 89.25 cents per share, up from the current 83.50 cents. This raises the annual dividend rate to $3.57 per share. The dividend will be payable on March 1, 2025, to stockholders of record as of February 14, 2025.

This marks the company's 330th consecutive quarterly dividend payment since 1942 and the 22nd consecutive year of dividend increases. The company maintains a target dividend payout ratio of 65-70% of earnings. WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota through its principal utilities and maintains over $47 billion in assets with 7,000 employees.

WEC Energy Group (NYSE: WEC) has announced pricing terms for its upsized cash tender offer of $400 million in aggregate principal amount of outstanding senior notes. The offer includes three series of notes: $250 million of 5.60% Senior Notes due 2026, $150 million of 1.80% Senior Notes due 2030, and $0 of 2.20% Senior Notes due 2028. The tender offer will expire on January 6, 2025, but no further tenders are expected as the maximum amount has been reached.

Holders who tendered before December 18, 2024, are eligible to receive the Total Consideration, including a $30 per $1,000 Early Tender Payment. Settlement is expected on December 23, 2024. The company expects the tender offer to be accretive to earnings per share by approximately $0.04 in 2024.

WEC Energy Group (NYSE: WEC) announced the early results of its cash tender offer for outstanding senior notes, with $866,697,000 in aggregate principal amount tendered by December 18, 2024. The company increased the aggregate maximum principal amount to $400,000,000 and raised the Acceptance Sublimit for the 5.60% Senior Notes due 2026 to $250,000,000.

The tender offer includes three series of notes with different acceptance priority levels. The 5.60% Senior Notes due 2026 and 1.80% Senior Notes due 2030 will be accepted with proration factors of 58.3% and 65.8% respectively, while no 2.20% Senior Notes due 2028 will be accepted. The settlement date is expected to be December 23, 2024.

WEC Energy Group (NYSE: WEC) has appointed Maria Bocanegra as president of Peoples Gas and North Shore Gas, effective January 2, 2025. Bocanegra, previously chief legal and government relations officer at the Port of Cleveland, will oversee daily operations, strategy, and administrative activities for the two Illinois utilities serving nearly 1 million customers in Chicago and 54 northern suburban communities.

Prior to her Port of Cleveland role, Bocanegra served as a commissioner with the Illinois Commerce Commission, regulating utilities and engaging in energy and water issues. She holds a bachelor's degree in political science from Quincy University and a juris doctor from DePaul University College of Law.