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WEC $94.5

WEC target price
94.50
0
109
WEC Energy Group
Type
Public
Traded as NYSE: WEC
S&P 500 Component
Industry Diversified utilities
Founded 1896
Headquarters Milwaukee, Wisconsin
United States
Key people
Allen L. Leverett, President and CEO
Revenue $5.92 billion USD (2015)
Number of employees
8,440 (2015)
Website www.wecenergygroup.com

WEC Energy Group Inc., based in Milwaukee, Wisconsin, provides electricity and natural gas to 4.4 million customers across four states through its brands – We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources.

WEC Energy Group's headquarters is located at 231 W. Michigan Street in Milwaukee.

On 29 July 2015, the company completed its acquisition of Integrys Energy Group in a deal worth $9.1 billion.

On May 3, 1995, Wisconsin Energy Corporation and Northern States Power Company (NYSE: NSP) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation. It would have been the 10th largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$6.0 billion. NSP would have been the nominal survivor, and the merged company would be headquartered in Minneapolis (headquarters of the old NSP), but the merged company would have been registered in Wisconsin.

On May 16, 1997, both CEOs announced that the boards of directors of both companies had terminated the merger plan because of approval delays by the U.S. Department of Justice, the SEC, and state regulators in Minnesota and Wisconsin. They also stated that regulatory agencies were changing their merger policies as they were considering the companies' filing and that further delay would reduce the benefits of the Primergy transaction.

The delay already had put the merger five months behind schedule and had reduced earnings for both utilities by a total of US$58 million to that point. In addition, Wisconsin Energy's stock had fallen about 13% since early 1995 when the deal had been announced, while NSP's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-02 0.91 0.91
Q1 2022 2022-05-02 1.79 1.79
Q4 2021 2022-02-03 0.71 0.71
Q3 2021 2021-11-02 0.92 0.92
Q2 2021 2021-08-03 0.87 0.87
Q1 2021 2021-05-03 1.61 1.61
Q4 2020 2021-02-04 0.76 0.76
Q3 2020 2020-11-03 0.84 0.84
Q2 2020 2020-08-04 0.76 0.76

Ratings

2016-04-19 Reiterated Rating Deutsche Bank Hold $61.00
2016-04-19 Reiterated Rating Deutsche Bank AG Hold $61.00
2016-03-10 Downgrade US Capital Advisors Overweight to Hold
2016-03-03 Reiterated Rating Robert W. Baird Outperform $60.00
2016-03-01 Boost Price Target Argus Buy $58.00 to $62.00
2016-02-08 Boost Price Target Mizuho Buy $54.00 to $63.00
2016-02-05 Boost Price Target BMO Capital Markets Market Perform $51.00 to $57.00
2016-02-05 Boost Price Target Barclays Equal Weight $57.00 to $61.00
2016-02-05 Downgrade Deutsche Bank Buy to Hold $56.00 to $57.00
2016-02-05 Boost Price Target Barclays PLC Equal Weight $57.00 to $61.00
2016-01-27 Downgrade Goldman Sachs Buy to Neutral $54.00 to $56.00
2016-01-27 Downgrade Goldman Sachs Group Inc. Buy to Neutral $54.00 to $56.00
2016-01-19 Boost Price Target Argus Buy $52.00 to $58.00
2016-01-04 Boost Price Target Barclays Equal Weight $54.00 to $57.00
2015-12-14 Upgrade Deutsche Bank Hold to Buy $52.00 to $56.00
2015-11-26 Downgrade Wells Fargo Outperform to Market Perform $39.00 to $38.00
2015-11-26 Downgrade Wells Fargo & Co. Outperform to Market Perform $39.00 to $38.00
2015-11-05 Reiterated Rating Deutsche Bank Hold
2015-10-21 Boost Price Target Barclays Equal Weight $47.00 to $54.00
2015-09-18 Boost Price Target Mizuho Buy $50.00 to $54.00
2015-09-14 Upgrade Argus Hold to Buy $52.00
2015-09-08 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-09-08 Upgrade Wells Fargo Market Perform to Outperform
2015-09-01 Reiterated Rating Goldman Sachs Buy
2015-08-31 Upgrade Goldman Sachs Buy to Conviction Buy List $52.00
2015-07-30 Reiterated Rating Deutsche Bank Hold $52.00 to $51.00
2015-07-30 Upgrade Wolfe Research Peer Perform to Outperform
2015-07-28 Upgrade Goldman Sachs Neutral to Buy $51.00
2015-07-16 Upgrade Robert W. Baird Neutral to Outperform $50.00 to $54.00
2015-06-30 Initiated Coverage Barclays Equal Weight $49.00
2015-06-29 Initiated Coverage Mizuho Buy $50.00
2015-06-18 Upgrade Gabelli Hold to Buy
2015-06-15 Boost Price Target Deutsche Bank Hold $49.00 to $51.00
2015-06-02 Initiated Coverage Evercore ISI Hold
2015-05-08 Upgrade Evercore Partners Inc. Sell to Hold $49.00
2015-05-08 Upgrade Evercore ISI Sell to Hold $49.00
2015-05-06 Reiterated Rating Deutsche Bank Hold $49.00
2015-02-12 Reiterated Rating Deutsche Bank Hold $49.00
2014-12-17 Boost Price Target Deutsche Bank Hold $48.00 to $49.00
2014-11-06 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-11-06 Downgrade Wells Fargo Outperform to Market Perform
2014-11-05 Downgrade Evercore ISI Sell
2014-10-31 Reiterated Rating Deutsche Bank Hold $48.00 to $47.00
2014-10-30 Reiterated Rating Wunderlich Hold $47.00 to $51.00
2014-07-21 Reiterated Rating CRT Capital Fairly Valued $44.00 to $46.00
2014-06-25 Boost Price Target Robert W. Baird Neutral $47.00 to $50.00
2014-06-24 Upgrade Evercore ISI Cautious to Neutral $45.00 to $45.50
2014-06-24 Lower Price Target CRT Capital Fair Value $48.00 to $44.00
2014-06-24 Upgrade Wells Fargo & Co. Market Perform to Outperform
2014-06-24 Upgrade Wells Fargo Market Perform to Outperform
2014-06-23 Upgrade Edward Jones Sell to Hold
2014-06-03 Lower Price Target Wunderlich Hold $50.00 to $47.00
2014-06-03 Lower Price Target Barclays $48.00 to $46.00
2014-05-12 Upgrade Ned Davis Research Neutral to Buy
2014-05-02 Downgrade Evercore ISI Buy to Neutral
2014-05-01 Reiterated Rating Wunderlich Hold $50.00
2014-04-23 Reiterated Rating Deutsche Bank Hold $47.00
2014-04-23 Downgrade Edward Jones Hold to Sell
2014-04-22 Downgrade CRT Capital Buy to Fair Value $46.00 to $48.00
2014-02-10 Reiterated Rating Deutsche Bank Hold $44.00 to $43.00
2014-01-06 Downgrade Barclays Overweight to Equal Weight $46.00 to $42.00
2013-12-11 Reiterated Rating Deutsche Bank Hold $42.00 to $43.00
2013-11-05 Initiated Coverage CRT Capital Buy
2013-10-31 Boost Price Target Barclays Overweight $44.00 to $47.00
2011-12-23 Initiated DA Davidson Neutral $36
2011-10-07 Reiterated Barclays Capital Equal Weight $34 to $36
2011-05-31 Downgrade Argus Buy to Hold
2016-04-19 Reiterated Rating Deutsche Bank Hold $61.00
2016-04-19 Reiterated Rating Deutsche Bank AG Hold $61.00
2016-03-10 Downgrade US Capital Advisors Overweight to Hold
2016-03-03 Reiterated Rating Robert W. Baird Outperform $60.00
2016-03-01 Boost Price Target Argus Buy $58.00 to $62.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KLAPPA GALE E Chairman, President, and CEO 0.09%  (210410) ASBC / BMI / JOY / WEC /
DICKSON STEPHEN P Vice President and Controller 0.03%  (64238) WEC /
KUESTER FREDERICK D Executive Vice President 0.02%  (52311) WEC /
LEVERETT ALLEN L Executive Vice President 0.02%  (48491) WEC /
PAYNE ULICE JR 0.01%  (31337) FL / MAN / WEC /
CHADWICK PATRICIA WALSH 0.01%  (23608) FUND / WEC /
BOWLES BARBARA L 0.01%  (23138) HSP / WEC /
Keyes James Patrick Executive VP & CFO 0.01%  (18873) WEC /
Martin Susan H. Executive VP & General Counsel 0.01%  (16008) WEC /
Lauber Scott J Vice President and Treasurer 0.01%  (12185) WEC /