WEC Energy Group has seen an uneven performance in the stock market, often underperforming compared to competitors. Various capital management firms including QRG Capital Management and Victory Capital Management have increased their holdings in WEC Energy Group. The company hasn't gone unnoticed by institutional investors, with 78% of shares being owned by these major players. Amidst the mixed bag of news, questions about future rate hikes, loss-making performance for investors, and weak return trends have raised concerns. The Q1 2024 earnings call showed that the company beat EPS expectations but missed revenue estimates. In an interesting pivot towards renewable energy, WEC is investing $459 million in a Texan solar energy project. Despite the challenges, WEC remains a favoured dividend stock with its consecutive streak of payouts. High-profile leadership changes have also been noted, with the appointment of a new president alongside a lucrative incentive package. Market research projects a moderate undervaluation and an expected dividend increase for shareholders.
Wec Energy Group WEC News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Sat, 18 May 2024 12:49:55 GMT -
Rating -1
- Innovation 0
- Information 2
- Rumor -3
