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Last $49.37 USD
Change Today +0.37 / 0.76%
Volume 1.9M
WEC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

wec energy group inc (WEC) Snapshot

Open
$49.04
Previous Close
$49.00
Day High
$49.56
Day Low
$48.90
52 Week High
01/28/15 - $58.01
52 Week Low
08/6/14 - $41.90
Market Cap
15.6B
Average Volume 10 Days
2.1M
EPS TTM
$2.62
Shares Outstanding
315.7M
EX-Date
08/12/15
P/E TM
18.8x
Dividend
$1.69
Dividend Yield
3.29%
Current Stock Chart for WEC ENERGY GROUP INC (WEC)

wec energy group inc (WEC) Related Businessweek News

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wec energy group inc (WEC) Details

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the paper, foundry, food products, and machinery production industries, as well as to the retail chains. It also provides retail gas distribution services in the state of Wisconsin, as well as transports customer-owned gas to paper, food products, and fabricated metal products industries; and generates, distributes, and sells steam. As of December 31, 2014, the company serves approximately 1,133,600 electric customers in Wisconsin and the Upper Peninsula of Michigan; and approximately 1,089,000 gas customers in Wisconsin, as well as 440 steam customers in metropolitan Milwaukee, Wisconsin. In addition, it invests in and develops real estate, including business parks and other commercial real estate projects primarily in southeastern Wisconsin. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1981 and is headquartered in Milwaukee, Wisconsin.

9,300 Employees
Last Reported Date: 07/29/15
Founded in 1981

wec energy group inc (WEC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.3M
President, Chief Executive Officer of We Gene...
Total Annual Compensation: $774.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $515.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $430.5K
Executive Vice President of External Affairs
Total Annual Compensation: $416.5K
Compensation as of Fiscal Year 2014.

wec energy group inc (WEC) Key Developments

WEC Energy Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Tax Rate Guidance for the Full Year 2015; Re-Affirms Earnings Guidance for the Third Quarter of 2015

WEC Energy Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $80.9 million or 35 cents per diluted share. This compares to net income of $133.0 million or 58 cents per diluted share for the second quarter of 2014. Second quarter 2015 revenues totaled $991.2 million. Revenues were $1.043 billion in the second quarter of 2014. Operating income was $165.8 million against $240.7 million a year ago. Income before income taxes was $144.1 million against $207.3 million a year ago. Revenue was down for the quarter as electricity usage by residential and large industrial customers declined. The company reported adjusted earnings of $0.59 a share for the second quarter of this year. That compares with adjusted earnings of $0.59 a share from the second quarter of 2014. On a quarter-over-quarter basis, earnings were helped by $9.5 million because of the impacts of the 2015 rate case and by $3.4 million related to improved fuel recoveries. For the first six months of 2015, the company recorded net income of $276.7 million or $1.21 per diluted share down from $340.6 million or $1.50 per diluted share in the corresponding period a year ago. Operating revenues were $2.379 billion against $2.738 billion a year ago. Operating income was $524.6 million against $622.5 million a year ago. Income before income taxes was $462.3 million against $545.2 million a year ago. Cash provided by operating activities was $715.9 million against $721.3 million a year ago. Capital expenditures were $356.5 million against $305.5 million a year ago. Change in debt, net was $1,332.7 million against $188.4 million a year ago. For 2015, the company expects standalone effective annual tax rate will be between 37% and 38%. For the third quarter of 2015, the company is reaffirming standalone adjusted guidance of $2.67 a share to $2.77 a share. Adjusted earnings to be in the range of $0.56 to $0.58 a share.

WEC Energy Group, Inc., Q2 2015 Earnings Call, Jul 29, 2015

WEC Energy Group, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Wisconsin Energy Corp. Announces Board Appointments

On June 29, 2015, effective at the effective time, as approved by resolutions of Wisconsin Energy Corp.'s board of directors and pursuant to the terms of the merger agreement, the number of directors on the board increased from 9 to 12, and William J. Brodsky, Albert J. Budney, and Paul W. Jones, each a former member of the board of directors of the company, became members of the board. The board appointed the newly elected directors to the committees of the board as follows: William J. Brodsky as member of finance committee, Albert J. Budney as member of corporate governance committee and Paul W. Jones as member of audit and oversight committee.

 

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Industry Analysis

WEC

Industry Average

Valuation WEC Industry Range
Price/Earnings 21.3x
Price/Sales 2.4x
Price/Book 1.3x
Price/Cash Flow 16.4x
TEV/Sales 1.1x
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