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 Inc. (NYSE: WEC) will release its second-quarter earnings on August 3, 2021, prior to the market opening. A conference call for analysts is scheduled at 1 p.m. Central time the same day. Financial details will be accessible on the company's website by 6:30 a.m. Central time on August 3.
WEC serves 4.6 million customers across the Midwest, with major utilities including We Energies and Wisconsin Public Service. The company, part of the S&P 500, has assets exceeding $37 billion and approximately 41,000 stockholders.
WEC Energy Group (NYSE: WEC) has agreed to acquire a 90% ownership interest in the Sapphire Sky Wind Energy Center located in McLean County, Illinois, for $412 million. The project, developed by Invenergy, will encompass 64 wind turbines with a total capacity of 250 megawatts, expected to begin commercial operations by the end of 2022. Renewable energy generated will be sold to a Fortune 100 high-tech company under a long-term agreement. This acquisition is part of WEC's strategy to expand its renewable energy portfolio, which includes investments in eight wind farms totaling over 1.5 gigawatts of capacity.
WEC Energy Group (NYSE: WEC) released its 2020 Corporate Responsibility Report, detailing progress on environmental, social, and governance (ESG) performance. The company aims for a 60% reduction in carbon emissions by 2025 and 80% by 2030, with a goal of net-zero emissions by 2050. In 2020, WEC invested nearly $2.2 billion to enhance reliability and was recognized for its sustainability efforts, including achieving record diversity spending of $303.4 million. The report highlights WEC's commitment to affordable, reliable energy and its adaptation to 2020 challenges.
The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Sept. 1, 2021. Stockholders of record as of Aug. 13, 2021 will be eligible. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on Oct. 31, 2021, to stockholders of record on Oct. 14, 2021. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.
WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 67.75 cents per share on its common stock, payable on Sept. 1, 2021, to stockholders of record as of Aug. 13, 2021. This dividend announcement marks the 316th consecutive quarter of dividend payments since 1942. The company serves approximately 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota, and is recognized as a major player in the energy sector with a substantial asset base exceeding $37 billion.
We Energies has been recognized as the top energy company in the U.S. according to the 2021 Trusted Business Partner Brand Trust Index by Escalent. This recognition stems from We Energies' commitment to supporting local businesses and communities during the COVID-19 pandemic. The company offered flexible payment options and enhanced digital services while also contributing to community relief efforts. The survey involved over 15,000 utility customers and measured factors such as customer focus, communication, and environmental dedication.
Peoples Gas has been recognized as a 2021 Most Trusted Utility Brand for the third consecutive year by Escalent, achieving the second-highest Brand Trust Index score among Midwest natural gas utilities. The recognition stems from the company's commitment to customer service during the COVID-19 pandemic, including flexible payment options and enhanced digital services. Additionally, Peoples Gas was acknowledged as an Environmental Champion in April 2021 for its dedication to environmental practices. The study surveyed over 75,000 utility customers, highlighting the importance of customer focus and community support.
Wisconsin Public Service (WPS) has been recognized as a 2021 Most Trusted Utility Brand, marking its second consecutive year of this honor. This recognition comes from a survey by Escalent, where WPS scored among the top in customer service, community support, and communication, particularly during the COVID-19 pandemic. The company has focused on providing affordable, reliable energy and flexible payment arrangements while supporting local communities. WPS serves approximately 450,000 electric and 336,000 natural gas customers in Wisconsin.
WEC Energy Group's virtual annual meeting highlighted its commitment to affordable, reliable, and clean energy, showcasing significant achievements from 2020. Key accomplishments include $2.2 billion investment in core business, launching Wisconsin's first large-scale solar energy center, and a new $16.1 billion capital investment plan for sustainability. The company aims for net carbon neutrality by 2050 and reported a 7.1% increase in dividends to $2.71 per share, marking 18 consecutive years of higher dividends. WEC also achieved record stock prices and strengthened its diversity spending.
WEC Energy Group (NYSE: WEC) announced ambitious new emissions reduction targets, committing to a 60% reduction in carbon emissions by 2025 and 80% by 2030 from its electric generation fleet. The company aims to achieve net-zero methane emissions from its natural gas distribution by 2030. As part of its $4 billion investment plan for clean energy projects (2021-2025), WEC is transforming its power generation fleet, reducing reliance on coal to below 10% by 2025. These goals support international climate commitments, including the Paris Agreement.