A downtrend has been apparent in WEC Energy Group (WEC) lately with too much selling pressure. The stock has declined 5.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

WEC Energy Group’s (WEC) ongoing investments in infrastructure projects, systematic acquisitions and focus on clean energy boost its overall performance. The company also gains from expanding customer base. Given its growth opportunities, WEC makes for a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.WEC’s Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for 2025 earnings per share (E ...

WEC Energy Group (WEC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Th ...

Investors with an interest in Utility - Electric Power stocks have likely encountered both Entergy (ETR) and WEC Energy Group (WEC) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.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 favors stocks with strong earnings estimate revision trends, and our Style Scor ...

MILWAUKEE, Dec. 19, 2024 /CNW/ - WEC Energy Group, Inc. (NYSE: WEC) ("WEC Energy Group") today announced the pricing terms of the previously announced upsized cash tender offer (the "Tender Offer") for $400,000,000 in aggregate principal amount (the "Aggregate Maximum Principal Amount") of the outstanding senior notes listed in the table below (the "Securities"). The table below summarizes certain information regarding the Securities and the Tender Offer, including the order of priority and purchase price i ...

MILWAUKEE, Dec. 5, 2024 /PRNewswire/ -- WEC Energy Group, Inc. (NYSE: WEC) ("WEC Energy Group") today announced the commencement of a cash tender offer (the "Tender Offer") for up to $350,000,000 in aggregate principal amount (as such amount may be increased or decreased by WEC Energy Group pursuant to the terms of the Tender Offer, the "Aggregate Maximum Principal Amount") of the outstanding senior notes listed in the table below (the "Securities").The table below summarizes certain information regarding t ...

MILWAUKEE, Dec. 5, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent.The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $3.57 per share — would be paya ...

Financial Data and Key Metrics Changes - The company reported third quarter 2024 adjusted earnings of $0.82 per share, excluding a $0.06 per share charge related to disallowed capital expenditures in Illinois, which is a decrease of $0.18 per share quarter-over-quarter [7][23] - The adjusted earnings guidance for 2024 remains reaffirmed at a range of $4.80 to $4.90 per share, assuming normal weather conditions for the remainder of the year [8][30] Business Line Data and Key Metrics Changes - Adjusted earnings from utility operations decreased by $0.18 compared to 2023, primarily due to Illinois rate design changes, higher operating and maintenance costs, and increased depreciation and interest expenses [25] - Earnings from the Energy Infrastructure segment improved to $0.06 in Q3 2024 compared to Q3 2023, driven by production tax credits and increased production from renewable generation facilities [29] Market Data and Key Metrics Changes - Retail electric deliveries in Wisconsin, excluding the iron ore mine, increased by 0.4% quarter-over-quarter, with slight increases in residential and small commercial and industrial segments compared to Q3 last year [27] - The unemployment rate in Wisconsin stands at 2.9%, below the national average, indicating a strong local economy [9] Company Strategy and Development Direction - The company plans to invest $28 billion over the next five years, marking the largest capital plan in its history, with an 18% increase from the previous plan [12] - The new capital plan supports an additional 1,800 megawatts of demand, with an average asset-based growth rate projected at 8.8% per year [13] - Investments will focus on renewable energy and natural gas generation, with plans to invest $9.1 billion in solar, wind, and battery storage, significantly increasing carbon-free generation capacity [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the 2024 adjusted earnings guidance, citing favorable weather conditions and tailwinds in Q4 [31][32] - The company is actively engaged in regulatory processes in Wisconsin, Michigan, and Illinois, with expectations for decisions that could positively impact future earnings [21][22] Other Important Information - The company plans to acquire a 90% interest in Hardin Solar III Energy Park in Ohio, expecting to invest approximately $410 million for 250 megawatts of renewable energy [19][20] - The company anticipates that 60% of its cash needs over the next five years will be funded through cash from operations, with additional funding from debt and common equity [34][35] Q&A Session Summary Question: Update on Point Beach PPA and alternatives - Management is in constructive discussions with NextEra regarding the Point Beach PPA, making good progress [42] Question: CapEx reduction in the infrastructure segment - The reduction is due to a focus on economic development in Wisconsin and a shift in capital allocation [44] Question: Wisconsin rate case and settlement - The company is far along in the Wisconsin rate case, with a decision expected soon, and is comfortable with the commission's process [50][51] Question: ATC ROE and guidance - The company is maintaining its guidance despite the upcoming recognition of a higher ROE due to timing of expenses [53] Question: Load growth and CapEx implications - The company expects a significant increase in load growth, with a forecast of 1,800 megawatts of incremental load [66] Question: Rate increase outlook - Rate increases are expected to align with inflation, driven by economic development rather than solely on retail customers [91]

Financial Performance - For the first six months of 2024, WEC Energy Group recorded net income of $833.6 million, or $2.64 per share, compared to $797.2 million, or $2.52 per share, in the same period last year, representing a 4.4% increase in earnings per share [1]. - Consolidated revenues for the first half of 2024 totaled $4.5 billion, down $265.9 million from $4.718 billion in the first half of 2023, indicating a decline of approximately 5.6% [8]. - Operating income for the second quarter of 2024 was $364.8 million, down from $425.3 million in Q2 2023, reflecting a decrease of approximately 14.2% [20]. - WEC Energy Group reported net income of $211.3 million, or 67 cents per share, for Q2 2024, down from $289.7 million, or 92 cents per share, in Q2 2023 [40]. - The company reaffirmed its 2024 earnings guidance of $4.80 to $4.90 per share, assuming normal weather conditions for the remainder of the year [5]. Expenses and Liabilities - Total operating expenses for the first half of 2024 were $3.274 billion, down from $3.623 billion in the same period last year, a reduction of about 9.6% [20]. - WEC Energy Group's long-term liabilities increased to $28,696.2 million as of June 30, 2024, from $26,753.4 million as of December 31, 2023, representing a rise of 7.2% [38]. - The company reported a decrease in accounts receivable and unbilled revenues, net, amounting to $254.2 million for the six months ended June 30, 2024, down from $529.5 million in the prior year [36]. - WEC Energy Group's total current liabilities decreased to $3,491.6 million as of June 30, 2024, from $5,114.8 million as of December 31, 2023, a reduction of 31.7% [34]. Customer and Market Insights - The company serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, maintaining its position as a leading energy provider [27]. - Retail electricity deliveries, excluding the iron ore mine, increased by 0.5% in Q2 2024 compared to Q2 2023, while residential electricity use rose by 1.4% [2][3]. - The company reported a 0.3% increase in electricity consumption by small commercial and industrial customers, while large commercial and industrial customers saw a decline of 0.1% [9]. Cash Flow and Investments - Cash and cash equivalents increased to $224.0 million as of June 30, 2024, compared to $42.9 million at the end of 2023 [32]. - The company achieved net cash provided by operating activities of $1,901.0 million for the six months ended June 30, 2024, compared to $1,754.3 million for the same period in 2023, reflecting an increase of 8.4% [36]. - Capital expenditures for the six months ended June 30, 2024, were $1,138.4 million, up from $1,073.7 million in the same period of 2023, indicating a growth of 6.0% [36]. - WEC Energy Group's cash, cash equivalents, and restricted cash at the end of the period were $302.9 million, compared to $140.1 million at the end of the previous year, showing a significant increase [36]. Strategic Focus - The company emphasized a focus on financial discipline, customer satisfaction, and operating efficiency as key strategies for a strong 2024 [41]. - The company made significant acquisitions, including the West Riverside Energy Center for $98.2 million and other renewable energy facilities, contributing to its market expansion strategy [36]. - WEC Energy Group's deferred income taxes increased to $5,265.4 million as of June 30, 2024, from $4,918.5 million as of December 31, 2023, reflecting a growth of 7.1% [38].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ Commission File Number Registrant; State of Incorporation; Address; and Telephone Number IRS Employer Identification No. ...