WEC Energy Stock Price, News & Analysis

The Wisconsin Electric board of directors has declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on June 1, 2022, to stockholders of record on May 13, 2022. Additionally, a cash dividend of $1.50 per share on the Six Per Cent Preferred Stock is set for payment on July 31, 2022, to stockholders of record on July 14, 2022. This reflects Wisconsin Electric's ongoing commitment to rewarding its shareholders.

The board of directors of WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 72.75 cents per share. This dividend is payable on June 1, 2022, to stockholders of record as of May 13, 2022. This marks the 319th consecutive quarter of dividend payments since 1942. WEC Energy Group serves approximately 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota, with total assets amounting to $39 billion.

Urbint has announced its partnership with Wisconsin Public Service (WPS), a subsidiary of WEC Energy Group, to implement AI technology for damage prevention in natural gas infrastructure. This initiative aims to reduce the risk of third-party excavations damaging underground gas lines, which accounts for 12% of methane emissions in the sector. By utilizing Urbint Lens, WPS can prioritize high-risk excavation sites, enhancing public safety and reliability while preventing methane leaks and safety incidents.

WEC Energy Group reported a net income of $1.3 billion, or $4.11 per share for 2021, reflecting an 8.4% increase from 2020. The company achieved consolidated revenues of $8.3 billion, up $1.1 billion year-over-year. For Q4 2021, net income was $224.2 million, down from $239 million in Q4 2020. WEC reaffirmed its earnings guidance for 2022 at $4.29 to $4.33 per share. Additionally, a quarterly dividend of 72.75 cents was declared, marking a 7.4% increase over last year. The company aims for coal usage to be immaterial by 2030 and fully exited by 2035.

WEC Energy Group Inc. (NYSE: WEC) will release its 2021 fourth-quarter and full-year earnings on Feb. 3, before the stock market opens. A conference call for investors and analysts is set for the same day at 1 p.m. Central time. Detailed financial information will be available on the company's website by 6:30 a.m. Central time on the same date. WEC, serving 4.6 million customers across several states, is a Fortune 500 company with significant assets totaling $39 billion.

WEC Energy Group (NYSE: WEC) is launching a pilot project in Michigan's Upper Peninsula to test hydrogen co-firing with natural gas as a fuel source for power generation. This initiative aims to support the company's aggressive environmental goals of achieving net-zero carbon emissions by 2050 and net-zero methane emissions by 2030. Partnering with the Electric Power Research Institute, the project will blend hydrogen with a 25/75 ratio of natural gas in modern reciprocating internal combustion engines. The project is significant for advancing clean energy technologies and decarbonizing the economy.

The Wisconsin Electric board of directors declared a quarterly cash dividend of 90 cents per share on the 3.60% Preferred Stock, payable on March 1, 2022, to stockholders of record on February 14, 2022. Additionally, a dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2022, to stockholders of record on April 14, 2022. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 gas customers in Wisconsin.

The board of directors of WEC Energy Group has declared a quarterly cash dividend of 72.75 cents per share, marking a 7.4 percent increase from the previous dividend of 67.75 cents. This adjustment raises the annual dividend rate to $2.91 per share, with payment scheduled for March 1, 2022, to stockholders recorded by February 14, 2022. This dividend marks the 318th consecutive quarter of payments and continues the trend of dividend increases for 19 years.

WEC Energy Group (NYSE: WEC) announced the commercial operation of its 190-megawatt Jayhawk Wind Farm in Kansas, which is generating renewable energy under a long-term contract with Meta. The investment for the project totals $302 million, with WEC owning 90% and the remaining 10% operated by Invenergy. This initiative aligns with WEC's ESG Progress Plan, aimed at enhancing sustainability and growth. The wind farm consists of 70 GE turbines and furthers WEC's commitment to a sustainable energy future.