Utility company WEC Energy Group reported a 27% drop in second-quarter profit on Wednesday, hurt by higher operating costs and a rise in interest expenses.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for WEC Energy (WEC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
WEC Energy and Apple Hospitality are promising investment options worth exploring for stability and income potential. WEC geographic region is one of the lowest cost in the nation and will have an easier time requesting rate increases. APLE's ATM program is being used effectively to raise funds for acquisitions and paying down debt.
WEC Energy (WEC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NextEra Energy has an incredible track record of dividend growth behind it, but everyone already knows about this utility giant. Relatively small WEC Energy flies under the radar, but it has a strong record of dividend growth.
NextEra Energy has one of the fastest-growing dividends in the utility sector. WEC Energy's dividend is growing a little bit slower than NextEra Energy's dividend.
Selling in May and going away doesn't work.
WEC Energy (WEC) reported earnings 30 days ago. What's next for the stock?
WEC Energy Group has a strong track record of growth and plans to invest over $20 billion in fresh investments, fueling significant EPS growth for the next 5 years. Wisconsin's increasing demand for energy, including Microsoft's $3.3 billion investment in a datacenter campus, provides opportunities for WEC's growth in the state. WEC's cash flow greatly exceeds its earnings, leaving ample capital available for investment, and the company anticipates minimal equity issuance.