Welcome to our dedicated page for WEC Energy news (Ticker: WEC), a resource for investors and traders seeking the latest updates and insights on WEC Energy stock.
News and regulatory disclosures describe WEC Energy Group, Inc. (NYSE: WEC) as a Milwaukee-based Fortune 500 energy company serving approximately 4.7 million electric and natural gas customers in Wisconsin, Illinois, Michigan and Minnesota. The company’s news flow reflects its role as a major utility holding company with a focus on reliability, financial performance, capital investment and a transition toward cleaner energy resources.
On this page, readers can follow company announcements about quarterly and annual financial results, dividend declarations and guidance updates. WEC Energy Group regularly issues earnings releases that discuss net income, earnings per share, revenues and electricity deliveries across customer classes, along with commentary from management on operating conditions, capital plans and demand trends in its service territories.
Investors and analysts tracking WEC news will also see updates on the company’s dividend history and policies, including information about quarterly cash dividends on common stock and preferred stock at subsidiary Wisconsin Electric Power Co., doing business as We Energies. The company highlights a long record of consecutive dividend payments and provides context on payout targets relative to earnings.
In addition to financial and dividend news, WEC Energy Group publishes items related to its Corporate Responsibility Report, climate strategy and capital plan. These releases cover topics such as its goal for net carbon neutral electric generation by 2050, plans to eliminate coal as an energy source by the end of 2032, investments in modern natural gas generation and renewable energy, and research into technologies like natural gas heat pumps, renewable natural gas, hydrogen and long-duration battery storage.
Announcements about upcoming earnings calls, investor presentations and other events are also part of the WEC news stream, providing schedules, access details and references to supporting financial materials. Together, these updates give a detailed picture of how WEC Energy Group manages its utility operations, energy infrastructure investments and long-term strategy in the Upper Midwest and beyond.
WEC Energy Group announced the appointment of Ave M. Bie to its board of directors, effective January 1, 2023. Bie, a seasoned attorney with over 25 years of experience in the utility sector, is currently a partner at Milwaukee-based Quarles & Brady. She has held significant positions, including vice chair of the New York Independent System Operator and chair of the Wisconsin Public Service Commission. Her addition is expected to enhance the board's expertise, particularly in regulatory and legal matters relevant to WEC's operations.
The board of Wisconsin Electric has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on December 1, 2022, to shareholders of record on November 14, 2022.
Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on January 31, 2023, for shareholders of record on January 13, 2023.
WEC Energy Group declared a quarterly cash dividend of 72.75 cents per share on October 20, 2022, payable on December 1, 2022. This will be the 321st consecutive quarter the company has paid dividends, demonstrating its long-standing commitment to returning value to shareholders. WEC serves approximately 4.6 million customers across several states and operates various utilities and renewable generation facilities, holding over $40 billion in assets.
WEC Energy Group (NYSE: WEC) released its 2021 Corporate Responsibility and Climate Reports, showcasing progress in environmental, social, and governance (ESG) initiatives. The reports outline the company's targets of a 60% reduction in carbon emissions by 2025 and 80% reduction by 2030, along with a carbon-neutral electric generation fleet by 2050. With a $17.7 billion ESG Progress Plan, WEC is investing significantly in renewable energy and infrastructure. The company also emphasizes diversity and inclusion, achieving notable advancements in leadership demographics.
WEC Energy Group (NYSE: WEC) reported a net income of $287.5 million, or 91 cents per share for Q2 2022, up from $276.0 million, or 87 cents per share in Q2 2021. Year-to-date, net income reached $853.4 million, or $2.70 per share, compared to $786.1 million, or $2.49 per share last year. Consolidated revenues for the first half of 2022 totaled $5.0 billion, an increase of $668.4 million year-over-year. In response to strong performance, the company raised its 2022 earnings guidance to between $4.36 and $4.40 per share.
Badger Meter, Inc. (NYSE:BMI) has appointed Xia Liu, the Chief Financial Officer of WEC Energy Group (NYSE:WEC), to its Board of Directors, increasing the board size to ten members. Liu has been with WEC since June 2020 and boasts extensive experience in financial and risk management, having previously held leadership roles at CenterPoint Energy and Southern Company. CEO Kenneth C. Bockhorst expressed enthusiasm for Liu's appointment, highlighting her financial expertise and utility knowledge as valuable assets for the board.
WEC Energy Group Inc. (NYSE: WEC) is set to release its second-quarter earnings report on August 2, 2022, before the market opens. A conference call for investors and analysts will follow at 1 p.m. Central time on the same day, with financial details available on their website at 6:30 a.m. Central time. WEC Energy Group serves over 4.6 million customers across several states, boasting significant assets of more than $39 billion and is a component of the S&P 500.
The Wisconsin Electric board has declared two quarterly cash dividends: 90 cents per share on the 3.60% Series Preferred Stock, payable on Sept. 1, 2022, to stockholders of record on Aug. 12, 2022; and $1.50 per share on the Six Per Cent Preferred Stock, payable on Oct. 31, 2022, to stockholders of record on Oct. 14, 2022. Wisconsin Electric, a subsidiary of WEC Energy Group, serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.
The board of directors of WEC Energy Group (NYSE: WEC) declared a quarterly cash dividend of 72.75 cents per share, payable on Sept. 1, 2022. This marks an impressive 80 years of consecutive dividend payments, totaling 320 quarters since 1942. WEC Energy serves 4.6 million customers across several states, including Wisconsin and Illinois, with significant assets exceeding $39 billion. The company, part of the S&P 500, is committed to maintaining its dividend track record while managing a diverse portfolio of utility and renewable energy assets.
ALLETE Inc. (NYSE: ALE) has appointed Charles Matthews to its board of directors, effective July 6, 2022. Matthews brings over 40 years of experience in the energy sector, notably serving as president and CEO of Peoples Gas and North Shore Gas where he improved financial performance and customer satisfaction. ALLETE's leadership believes Matthews' background in strategic planning and risk management will enhance their sustainability strategy. His previous roles include senior vice president at WE Energies and leadership positions at Mirant Corp. and Southern Company.