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WEC Energy Group ( (WEC) ) just unveiled an update.
WEC Energy Group plans to increase its dividend by 6.9% to $3.57 per share, marking the 22nd consecutive year of dividend growth. The company is also expanding its five-year capital plan by $4.3 billion, focusing on regulated renewables and natural gas generation, and aims to eliminate coal as an energy source by 2032, indicating significant strategic growth and sustainability initiatives.
More about WEC Energy Group
WEC Energy Group, Inc. operates as a premier energy company in the United States, primarily servicing America’s Heartland. The company has a market capitalization of $29.8 billion as of December 2024 and serves 4.7 million retail customers. Its diverse portfolio includes electric generation and distribution, natural gas distribution, and investments in energy infrastructure, with significant ownership in American Transmission Company.
YTD Price Performance: -0.21%
Average Trading Volume: 1,840,569
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.67B
Find detailed analytics on WEC stock on TipRanks’ Stock Analysis page.
