WEC Energy Group, Inc. (NYSE:WEC) Plans Quarterly Dividend of $0.95

WEC Energy Group, Inc. (NYSE:WEC) announced a quarterly dividend on Thursday, December 4th. Investors of record on Friday, February 13th will be paid a dividend of 0.9525 per share by the utilities provider on Sunday, March 1st. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 13th. This is a 6.7% increase from WEC Energy Group’s previous quarterly dividend of $0.89.

WEC Energy Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. WEC Energy Group has a dividend payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect WEC Energy Group to earn $5.58 per share next year, which means the company should continue to be able to cover its $3.81 annual dividend with an expected future payout ratio of 68.3%.

WEC Energy Group Stock Up 1.5%

NYSE WEC opened at $112.95 on Wednesday. WEC Energy Group has a 12 month low of $100.20 and a 12 month high of $118.18. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a market cap of $36.74 billion, a PE ratio of 23.39, a P/E/G ratio of 2.68 and a beta of 0.58. The stock’s 50 day moving average is $107.20 and its 200 day moving average is $109.77.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $1.43 EPS. The company’s revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts predict that WEC Energy Group will post 5.23 EPS for the current fiscal year.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.