WEC Energy Stock Price, News & Analysis

WEC Energy Group Inc. (NYSE: WEC) will announce its third-quarter earnings on November 2, 2021, before the market opens. A conference call for analysts is scheduled for the same day at 1 p.m. Central time. Financial details will be accessible on the company's website by 6:30 a.m. Central time on November 2. Serving approximately 4.6 million customers across four states, WEC is a major player in the energy sector, comprising several utilities and a strong renewable energy portfolio.

The board of directors of WEC Energy Group (NYSE: WEC) has announced key leadership changes aimed at ensuring continued growth and stability. Scott Lauber, previously COO, will become president and CEO effective February 1, 2022. He succeeds Kevin Fletcher, who will assist in the transition until his retirement in June 2022. Gale Klappa remains executive chairman until May 2024. The company, serving 4.6 million customers across several states, has a strong asset base of over $37 billion.

Glen E. Tellock has been elected to the board of directors of WEC Energy Group (NYSE: WEC) effective January 1, 2022. Tellock brings extensive experience, having recently retired as president and CEO of Lakeside Foods Inc., and spent 24 years at Manitowoc Co. in various leadership roles. His background in audit oversight and financial management is expected to strengthen the board. WEC Energy Group serves 4.6 million customers across four states and has about $37 billion in assets.

Wisconsin Electric's board declared a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Dec. 1, 2021. The dividend is for stockholders of record as of Nov. 12, 2021. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock was announced, payable on Jan. 31, 2022, for shareholders recorded by Jan. 14, 2022. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

The board of directors of WEC Energy Group has declared a quarterly cash dividend of 67.75 cents per share on its common stock. The dividend is payable on Dec. 1, 2021, to stockholders of record on Nov. 12, 2021. This announcement marks the 317th consecutive quarter that the company has paid a dividend, highlighting its commitment to returning value to shareholders. WEC Energy Group serves 4.6 million customers across multiple states, boasting over $37 billion in assets and being a prominent component of the S&P 500.

Integrys Holding, a subsidiary of WEC Energy Group (NYSE: WEC), has increased the tender offer consideration for its 6.00% Junior Subordinated Notes due 2073 to $150 million. The new total consideration is set at $27.50 per $25.00 principal amount, with a revised tender offer consideration of $26.25. Holders must tender their Notes by 5:00 p.m. NYC time on October 26, 2021, to qualify for the new total consideration. The tender offer will expire on November 4, 2021, unless extended. Valid tendered Notes may be subject to proration based on the maximum acceptance amount.

Integrys Holding, a subsidiary of WEC Energy Group (NYSE: WEC), has initiated a cash tender offer to purchase up to $150 million of its 6.00% Junior Subordinated Notes due 2073. The offer, effective from October 7, 2021, will expire on November 4, 2021, unless extended. Holders who tender their notes before October 21, 2021, can receive an additional early tender premium of $1.25 per $25 principal amount. This initiative is significant for managing debt and enhancing financial flexibility for Integrys and WEC Energy Group.

WEC Energy Group (NYSE: WEC) is collaborating with 12 utilities across the Midwest to enhance electric vehicle (EV) charging infrastructure. This initiative aims to ease access to EV charging options within its service areas, supporting over 2 million EVs currently in the U.S. and anticipating a tenfold increase by 2030. The company is also investing significantly in its own EV charging network, with 50 public charging ports already operational and pilot programs approved for residential and business installations. This aligns with WEC's carbon reduction goals and commitment to a sustainable future.