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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 (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%
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dividends
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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%
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Rhea-AI Summary
WEC Energy Group to announce 2023 third-quarter results on Oct. 31
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End-of-Day
1.3%
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Rhea-AI Summary
Wisconsin Electric declares quarterly dividends
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-0.67%
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dividends
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Rhea-AI Summary
WEC Energy Group declares quarterly dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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dividends
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Rhea-AI Sentiment
End-of-Day
-0.47%
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none
Rhea-AI Summary
WEC Energy Group (NYSE: WEC) reports Q2 2023 net income of $289.7 million, up from last year, with revenues totaling $4.7 billion. Despite lower net income for the first six months, 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
-0.28%
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Rhea-AI Summary
WEC Energy Group to announce 2023 second-quarter results on Aug 1
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-0.18%
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Rhea-AI Summary
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Rhea-AI Sentiment
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1.22%
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dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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dividends
WEC Energy Group Inc

NYSE:WEC

WEC Rankings

WEC Stock Data

24.94B
314.70M
0.15%
79.75%
2.55%
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