Utilities have been out of favor thanks to rising interest rates. WEC Energy has been a notable laggard of late because of an adverse regulatory ruling.

WEC Energy isn't exciting, but 7% annualized dividend growth over the past decade is! Enbridge operates a very low-risk business model.

The bull run continues for SPY in July, with the ETF adding 1.21% to its year-to-date return. After breaking a 3-month winning streak in June the watchlist comes back strong in July posting a gain of 5.72%. The top 10 stocks on the watchlist for August 2024 offer a 3.66% dividend yield, more than double the S&P 500.

Utilities in the U.S. are shareholder-friendly, with some companies having increased distributions annually for over two decades. Despite recent sector performance, many utilities are trading near 52-week highs, making valuations less attractive. WEC Energy Group stands out as a solid choice for value-seeking dividend-growth investors due to its promising growth prospects and competitive dividends.

Although the revenue and EPS for WEC Energy (WEC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

WEC Energy's (WEC) second-quarter 2024 earnings and revenues decrease year over year. Total electric sales volume increases.

WEC Energy Group, Inc. (NYSE:WEC ) Q2 2024 Earnings Conference Call July 31, 2024 2:00 PM ET Company Participants Scott Lauber - President and CEO Xia Liu - CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Andrew Weisel - Scotiabank Neil Kalton - Wells Fargo Securities Jeremy Tonet - JPMorgan Paul Patterson - Glenrock Associates Operator Good afternoon and welcome to the WEC Energy Group's Conference Call for Second Quarter 2024 Results. This call is being recorded for rebroadcast and all participants are in a listen-only mode at this time.

WEC Energy Group (WEC) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.92 per share a year ago.

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.

MILWAUKEE , July 31, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $211.3 million, or 67 cents per share, for the second quarter of 2024 — down from $289.7 million, or 92 cents per share, in last year's second quarter. For the first six months of 2024, the company recorded net income of $833.6 million, or $2.64 per share — up from $797.2 million, or $2.52 per share, in the corresponding period a year ago.

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.