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MILWAUKEE - WEC Energy Group (NYSE:WEC) announced Thursday that its board of directors has declared a quarterly cash dividend of 89.25 cents per share on the company’s common stock.
The dividend will be payable on September 1, 2025, to stockholders of record as of August 14, 2025, according to a company press release.
This payment represents the 332nd consecutive quarterly dividend for the Milwaukee-based utility company, a streak that dates back to 1942.
WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan and Minnesota through its principal utilities including We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.
The company, a component of the S&P 500 and Fortune 500, reports having approximately 33,000 stockholders of record, 7,000 employees and more than $48 billion in assets.
Beyond its utility operations, WEC Energy Group’s subsidiary We Power focuses on designing, building and owning electric generating plants, while WEC Infrastructure LLC owns renewable generation facilities across multiple states from South Dakota to Texas. The company maintains strong financials with $9.07 billion in revenue over the last twelve months and a gross profit margin of 43.5%. For deeper insights into WEC’s financial health and growth prospects, investors can access comprehensive analysis through the Pro Research Report available on InvestingPro.
In other recent news, WEC Energy Group announced its intention to offer $700 million in convertible senior notes due in 2028, with proceeds earmarked for general corporate purposes, including debt repayment. The company also extended the operations of its Oak Creek Power Plant units 7 and 8 through 2026, citing the need to maintain reliable service amid tightened energy supply requirements in the Midwest. In terms of analyst perspectives, Jefferies lowered its price target for WEC Energy to $106 while maintaining a Hold rating, noting a forecasted 7.3% earnings per share compound annual growth rate.
Additionally, WEC Energy held its annual shareholder meeting, where six key proposals were voted on, including the election of directors and ratification of auditors, with most proposals passing by significant margins. Executive changes were also announced, with Michael Hooper appointed as Executive Vice President and Chief Operating Officer, expanding his leadership role within the company. Meanwhile, Curt Culver departed from the Board of Directors due to reaching retirement age, with immediate vesting of his unvested shares approved by the Board’s Compensation Committee. These developments reflect the company’s strategic efforts in financial planning and leadership restructuring.
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