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WEC Energy Group Inc - WEC STOCK NEWS

Welcome to our dedicated news page for WEC Energy Group (Ticker: WEC), a resource for investors and traders seeking the latest updates and insights on WEC Energy Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WEC Energy Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WEC Energy Group's position in the market.

Rhea-AI Summary
WEC Energy Group appoints Michael Hooper as president of We Energies and Wisconsin Public Service, bringing in extensive industry experience and leadership skills to drive long-term goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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Rhea-AI Summary
WEC Energy Group appoints Michael Hooper as president of We Energies and Wisconsin Public Service, bringing in extensive industry experience and leadership skills to drive long-term goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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News
Rhea-AI Summary
WEC Energy Group reported a net income of $1.3 billion for 2023, with adjusted earnings rising to $4.63 per share, an increase of 4 percent over 2022. However, consolidated revenues for the full year were $8.9 billion, down $704.4 million from 2022. The company also experienced decreases in electricity and natural gas deliveries. Despite these challenges, the board of directors declared a quarterly cash dividend of 83.5 cents per share, marking the 21st consecutive year of higher dividends for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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none
Rhea-AI Summary
WEC Energy Group Inc. (NYSE: WEC) will release its 2023 fourth-quarter and full-year earnings news before the stock market opens on Feb. 1. The company will hold a conference call for investors and security analysts on the same day at 1 p.m. Central time. WEC Energy Group is a Fortune 500 company, serving nearly 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota. The company has approximately 35,000 stockholders of record, 7,000 employees, and more than $43 billion of assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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earnings
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Rhea-AI Summary
WEC Energy Group, Inc. announced the results of its tender offer to purchase up to $300 million aggregate principal amount of its 2007 Series A Junior Subordinated Notes due 2067. A total of $122,066,000 aggregate principal amount of the Notes are expected to be accepted for payment at an aggregate purchase price of $115,199,787.50. The Tender Offer will expire on February 7, 2024, and the Final Settlement Date, if any, is expected to occur on February 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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Rhea-AI Summary
Wisconsin Electric, a subsidiary of WEC Energy Group, declared quarterly cash dividends for its Preferred Stock, 3.60% Series, and Six Per Cent Preferred Stock. The dividends of 90 cents and $1.50 per share are payable on March 1, 2024, and April 30, 2024, respectively. The company serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
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dividends
Rhea-AI Summary
WEC Energy Group (WEC) has declared a quarterly cash dividend of 83.50 cents per share, marking a 7 percent increase over the current dividend. This raises the annual dividend rate to $3.34 per share. The higher dividend is payable March 1, 2024, to stockholders of record on Feb. 14, 2024. This marks the 326th consecutive quarter that the company will have paid a dividend to its stockholders. The company aims for a dividend payout of 65 to 70 percent of earnings. WEC Energy Group is a Fortune 500 company and a component of the S&P 500, serving nearly 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
dividends
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Rhea-AI Summary
WEC Energy Group (NYSE: WEC) has commenced a capped tender offer for its 2007 Series A Junior Subordinated Notes due 2067, offering a Total Consideration of $943.75 per $1,000 principal amount of Notes accepted for purchase, including an Early Tender Premium of $50.00 per $1,000 principal amount of the Notes accepted for purchase. The Tender Offer will expire on February 7, 2024, unless extended, and the Early Settlement Date, if any, is expected to occur on January 26, 2024. The company has retained Barclays Capital Inc. as the dealer manager for the Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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Rhea-AI Summary
WEC Energy Group (NYSE: WEC) plans to raise the quarterly dividend on the company's common stock to 83.50 cents per share in the first quarter of 2024, representing a 7% increase. The dividend would be payable on March 1, 2024, to stockholders of record on Feb. 14, 2024. The company aims for a dividend payout ratio of 65 to 70 percent of earnings. WEC Energy Group is a Fortune 500 company serving nearly 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota, with approximately 36,000 stockholders of record, 7,000 employees, and more than $43 billion of assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
dividends
Rhea-AI Summary
WEC Energy Group reports net income of $316.0 million for Q3 2023, up from $302.0 million in the same period last year. Consolidated revenues for the first nine months of 2023 totaled $6.7 billion, down $363.5 million from the same period in 2022. Retail electricity deliveries were down by 1.3% in Q3 2023 compared to last year. The company reaffirms its 2023 annual earnings guidance of $4.58 to $4.62 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
earnings
WEC Energy Group Inc

NYSE:WEC

WEC Rankings

WEC Stock Data

25.91B
314.70M
0.15%
79.3%
2.73%
Other Electric Power Generation
Utilities
Link
US
Milwaukee

About WEC

wec energy group is one of the nation’s largest electric and natural gas delivery companies, with deep operational expertise, scale and financial resources to meet the region’s future energy needs. we focus on reliable service, customer satisfaction and shareholder value. our regulated utility subsidiaries include michigan gas utilities, minnesota energy resources, north shore gas, peoples gas, upper michigan energy resources, we energies and wisconsin public service. together, we provide vital services to nearly 4.4 million customers in wisconsin, illinois, michigan and minnesota. our scale and geographic proximity allow for operating efficiency across our 70,000 miles of electric distribution lines, 44,000 miles of natural gas distribution and transmission lines, and 8,800 megawatts of reliable power plant capacity. we’re committed to delivering world-class reliability and the very best customer care – anywhere. our customers are at the heart of our business, and we work every day to