Recently, the WEC Energy Group (NYSE:WEC) has gathered attention within the stock market, with their Q4 2024 earnings call revealing their record capital plan and dividend. Despite missing estimates, their showcased revenue growth remains. WEC has announced major dividend increases and strong earnings growth till 2024, along with a 6.9% dividend hike planned for 2025. The company has planned an additional $2.1 billion in renewables by 2029 and hints at expansion with more data centers. Despite criticism over plans for new gas and corporate greed, WEC is making strides in expanding renewable generation, as evidenced by their $2.5 billion loan for renewable projects. The company’s management also plans to enhance integration and compliance processes with Lucasys Tax. For investors, WEC has shown a solid 10% return on equity, impressive earnings, and substantial dividend payouts, making it a promising option.
Wec Energy Group WEC News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Fri, 21 Feb 2025 19:00:37 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor -5
