WEC Energy Group (WEC) has seen a wave of both interest and dispositions from leading investment firms. Highlights include Hennessy Advisors, Park Avenue Securities, and PFW Advisors all increasing their stakes in the energy conglomerate, while Assenagon Asset Management and International Assets Investment Management have considerably reduced their shares. The company is set for a strategic scaling up its
dividend to $0.8925, partnering with this movement is a 6.9% dividend surge anticipated in 2025. The Group's efforts towards meeting
ESG goals and a keen focus on
clean energy are recognized as advantageous, making it a favorable addition to any investor's portfolio. However, some criticism arose over the company's decision to raise electric rates, impacting its customer satisfaction score. A notable future plan includes
investing $2.1 billion in renewable projects by 2029, hinting towards branching into data center services. All things considered, WEC's
financial growth presentation has been somewhat conflicted, with Q2 and Q3 2024
earnings missing estimates but surpassing expectations in terms of EPS. The stock's performance, while underperforming the broader market, nevertheless scored an RS Rating upgrade.
Wec Energy Group WEC News Analytics from Wed, 05 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:00:21 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -4
