MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- Warner Baxter, the retired executive chairman and chief executive officer of Ameren Corp., and John Lange, the retired global head of the Energy and Industrials Groups for Barclays PLC, have been appointed to the board of directors of WEC Energy Group (NYSE: WEC). Their appointments are effective Jan. 1, 2025. "We're very pleased that Warner and John have agreed to join our board," said Gale Klappa, chairman. "With their extensive experience in the energy sector, the ...

Utility service providers continue to reap benefits from a number of positive variables, including increased electricity tariffs, customer acquisitions, cost reduction and the deployment of energy-efficiency initiatives. The power business also gains from continuous efforts to make electric infrastructure more resilient to adverse weather conditions and the ongoing switch to affordable, renewable energy sources for electricity production. Utility companies operating in the United States are taking measures ...

NextEra Energy is treated as a gold standard in the utility sector, and it's priced accordingly. This dividend grower could be a better value. There's no question that NextEra Energy (NEE -0.44%) is a well-run company. But that fact is so well known that investors have bid the shares up to levels that, likely, fully reflect the information. If you are trying to find a good mix of dividend income and dividend growth, you may want to consider buying WEC Energy (WEC -1.09%) instead of NextEra. Here's why. Next ...

WEC Energy Group's (WEC) ongoing investments in infrastructure projects and focus on clean energy should further drive its overall performance. The company continues to expand operations through strategic acquisitions. However, this currently Zacks Rank #3 (Hold) company faces risks related to increased competition in the electric and natural gas markets. WEC's Tailwinds WEC Energy is gaining on the back of improving demand from large and small commercial and industrial (C&I) customers, as well as that from ...

Investors with an interest in Utility - Electric Power stocks have likely encountered both DTE Energy (DTE) and WEC Energy Group (WEC) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings est ...

MILWAUKEE, Aug. 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today released its 2023 Corporate Responsibility Report. The report provides a comprehensive overview of the company's environmental, social and governance (ESG) performance. The report outlines the progress made by WEC Energy Group and its family of companies on major projects and the company's mission to deliver affordable, reliable and clean energy across the Midwest. The report also examines the company's climate strategy and the rese ...

I just added another utility to my portfolio. I was done in this sector until I saw this high-yield stock and it was too good to pass up. One of the problems with investing in a certain style, like dividend investing, is that you'll end up owning a lot of stocks from the same sectors. That's where I found myself with the utility sector. I decided to hold off on any more stocks in the space until WEC Energy (WEC 1.62%) popped up on my radar screen. The story was so good that I couldn't say no and I bought it ...

DiyanaDimitrova/iStock via Getty Images Utilities are known for being shareholder-friendly, offering consistent dividends and high yields. Twenty-five utility companies in the U.S. have increased their distributions annually for two decades or longer, with five designated as "dividend aristocrats" for maintaining streaks of at least fifty years. While rarely the market leader, the sector has performed well in 2024, ranking fourth among the eleven after lagging for much of last year. However, many utilities ...

WEC Energy Group (WEC) reported $1.77 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $0.67 for the same period compares to $0.92 a year ago. The reported revenue represents a surprise of -4.77% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +4.69%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

WEC Energy Group (WEC) reported second-quarter 2024 earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 4.7%. However, the bottom line declined 27.2% from the year-ago quarter's 92 cents per share. Revenues Operating revenues of $1.77 billion missed the Zacks Consensus Estimate of $1.86 billion by around 4.8%. The top line also declined 3.3% from $1.83 billion recorded in the year-ago quarter. Highlights of the Release Electricity consumption by small commercial and indust ...