WEC Energy Group, Inc. (NYSE:WEC) has seen a fair share of gains and losses in the past year. Large institutional investors experienced a 5.5% loss over the past week but saw a decent 38% return over the year. Several upgrades from JP Morgan have been voiced, resulting in adjustments in price targets and ratings moving from underweight to neutral. Renewable energy and infrastructure is at the forefront of their strategic initiatives; MGE and WEC purchased solar storage units from High Noon Solar Facility, while pursuing renewable projects that could be worth $2.5 billion. Strategically, the company aims to meet the growth of data center demands through an increased focus on natural gas and solar energy sources. In terms of financial performance, Q4 earnings and revenues, disappointingly, lagged estimates. However, the company also announced an increased dividend payout and a 6.9% dividend hike for 2025. Despite this flurry of activities, the director's major stock sale sparked some concern, while the contribution of $2 million to the Republican National Convention raised eyebrows. Nonetheless, the focus and investment in renewables are indicative of WEC's commitment to the future of energy.
Wec Energy Group WEC News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Fri, 11 Apr 2025 12:07:00 GMT -
Rating 2
- Innovation -1
- Information 5
- Rumor -3
