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WEC Energy Group, Inc. (WEC)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 10:24AM EST. Market open.
117 reactions on $WEC conversation
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Div increased 7%
3000 shares ave cost $39.67
Ahhh. Very good Q3 and YTD. Guidance also good. Frequently there is an adverse relationship between utilities and DJI. Not today! WEC outperforming an up market.
A quiet board here. Making a portfolio move today ahead of earnings tomorrow. Cutting all growth stocks by 50% and moving proceeds into WEC today. Am worried about what Trump does post election. His antics may throw markets into turmoil. Would bode ill for Wall Street. Need a safer haven. I dislike making this move directly after last week beat down in NASDAQ. Wish me well....
They announced today (12/6/18) a dividend increase of 3.75 cents per share or 6.8 percent over the current quarterly rate.
WEC will not collapse - this selling on the wind farm purchase is ill advised in my opinion. This is forward looking leadership. Yes utes have run hard and have been top performers BUT for good reason...yield, cash flow and growth. Boolean
It just "tickles me" to see the short term thinking at these chat boards. Utilities are not a trade-in/trade-out investment. They have always been capital commitment intensive with returns geared toward income versus growth. The best way to "grow" a utility investment is to reinvest their (usually) outsized yields. Drips are the most cost efficient way to do so. I would also advise avoiding utilities in the overly high-regulated locals. Can you say PG&E? Great company, but terrible customer base.
So earnings are good. Dividend is up on quarter. So let's sell. What? As usual market makes no sense.
Hedge fund drive by...
They're focusing on sectors that haven't been pummeled yet.
Don't get me wrong - I love this company, and have been a stockholder for many years, through several mergers and acqusitions - but why is it up over 3% on a day when the DOW's fallen 10%, and XLU/VPU are both down over 6%?
I don't understand the drop in price. I would think people would flock to utilities. It is one of the few industries that will stay in operation. Are they just a victim of the mutual fund / ETF selling? The lack of usage due to factory closures?
What am I missing?
Electric / Natural Gas will be here for generations to come......and the Graft will keep going up / ......and as the dollar shrinks, the price will rise!....any time is a good time to buy....BONUS; Dividends !
Great discussion regarding the Kiefner & Associates study during the first quarter 2020 conference call. Billing associated with the Chicago gas pipe replacement program are very high because the utility is performing activities normally completed by the city. The city does not want to complete this work because of their very high debt levels. WEC needs this very profitable project to fund the executives investment into the world champion Milwaukee Bucks.
"We Energies Foundation donates $100,000 to Milwaukee 'Rebuild and Revitalize' effort"
BS! Round up those who caused the damage, & make them pay. If they don't have any money, make them do the construction work for zero wages.
Upon a closer review of the 10-K, this company has four headquarters (if you count the posh offices overlooking Lake Michigan), three power plants that will be idled, a ton of share-based compensation and a high level of non-utility expenses. When is the next utility rate case?? Hopefully the PSCW is gearing up!!
so I'm thinking 63.00 is the new buy number.. 72.00 is the sell.. any thoughts..
I was buying at 59.00 but don't see it going down
Does not help when Congressmen and Senators are selling millions and claiming they had nothing to do with it. Yeah right. If the whole thing collapsed what are you going to do with your money.
Either you believe in the ability of people to come back or you don't I guess. Take care and best wishes to all.
This stock is great. In light of the Covid-19 scare, massive unemployment, volumes 10% lower than budget and everything else, WEC is thriving, not laying anybody off, hiring executives with $100,000 signing bonuses and paying a great dividend. Hopefully the customers use their stimulus check to pay their utility bills so the good times continue to roll.
When will a SPLIT come?
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