WEC Energy Group Inc (WEC)
NYSE:WEC
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WEC Energy Group
(NYSE:WEC)
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Rating:69Neutral
Price Target:
$128.00
â–²(10.47% Upside)
Action:DowngradedDate:03/03/26
The score is driven by stable core regulated profitability but held back by weak free-cash-flow consistency and leverage/financing needs. Technicals are supportive with strong trend strength, though momentum looks overbought. Valuation is somewhat expensive for the sector, partially balanced by the dividend yield, while the earnings call was a net positive due to reaffirmed guidance and a stronger demand-driven growth runway.
Positive Factors
Regulated Earnings Stability
WEC's core regulated utility model produces steady ROE and reliable margin structure. That predictability reduces revenue cyclicality, supports multi-year planning, underpins dividend policy and helps absorb capital spending, making earnings and cash flows more durable over time.
Negative Factors
High Leverage History
Sustained higher leverage reduces financial flexibility and increases sensitivity to rising interest costs. In a capital‑intensive utility, elevated debt raises refinancing risk, limits buffer for rate delays or regulatory refunds, and can increase borrowing costs during large funding programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Earnings Stability
WEC's core regulated utility model produces steady ROE and reliable margin structure. That predictability reduces revenue cyclicality, supports multi-year planning, underpins dividend policy and helps absorb capital spending, making earnings and cash flows more durable over time.
Read all positive factors
WEC Energy Group (WEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.54B
Dividend Yield3.38%
Average Volume (3M)1.80M
Price to Earnings (P/E)22.0
Beta (1Y)0.10
Revenue Growth13.96%
EPS Growth0.49%
CountryUS
Employees7,000
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)1.42
Shares Outstanding319,089,200
10 Day Avg. Volume1,638,963
30 Day Avg. Volume1,799,526
Financial Highlights & Ratios
PEG Ratio21.18
Price to Book (P/B)2.52
Price to Sales (P/S)3.50
P/FCF Ratio-33.69
Enterprise Value/Market Cap1.63
Enterprise Value/Revenue6.08
Enterprise Value/Gross Profit12.03
Enterprise Value/Ebitda14.72
Forecast
1Y Price Target
$125.39Price Target Upside8.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)5.59
Revenue Forecast (FY)$10.04B
WEC Energy Group Business Overview & Revenue Model
Company Description
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other ...
How the Company Makes Money
WEC Energy Group generates revenue primarily through the provision of utility services, including electric and natural gas sales to residential, commercial, and industrial customers. The company earns money by charging customers based on consumpti...
WEC Energy Group Key Performance Indicators (KPIs)
Any
Electric Utility Sales by Customer
Tracks electricity sales across various customer types, providing insight into demand patterns and customer dependency.
Tracks electricity sales across various customer types, providing insight into demand patterns and customer dependency.
Data provided by:
The Fly
The FlyWEC Energy Group Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call was broadly positive: management delivered solid 2025 adjusted results (+8% EPS growth), hit the top end of guidance, secured a proposed Illinois settlement that removes historical overhang, announced meaningful incremental demand (500 MW) and added $1 billion to a $37.5 billion five‑year capital plan, and reaffirmed a 7%–8% long‑term EPS CAGR while raising the dividend. Offsetting items include a one‑time $0.46/share GAAP charge and $125M of customer credits, elevated near‑term financing requirements, ongoing regulatory proceedings (VLC and rate cases), higher depreciation and interest expense pressures, and sensitivity to weather and political/affordability concerns. On balance, the positives — strong demand momentum, clear capital plan execution, and reaffirmed guidance — outweigh the lowlights.Positive Updates
Adjusted EPS and Year‑over‑Year Growth
Reported full‑year 2025 adjusted earnings of $5.27 per share, up $0.39 or 8% versus 2024 on an adjusted basis; hit the top end of 2025 adjusted guidance.
Negative Updates
One‑time Charge and Near‑term Cash Impact
The proposed Illinois settlement produced a one‑time GAAP charge of $0.46 per share; settlement also requires $125 million in customer cash credits over three years, which will exert near‑term pressure on cash flow and FFO metrics.
Read all updates
Q4-2025 Updates
Positive
Negative
Adjusted EPS and Year‑over‑Year Growth
Reported full‑year 2025 adjusted earnings of $5.27 per share, up $0.39 or 8% versus 2024 on an adjusted basis; hit the top end of 2025 adjusted guidance.
Read all positive updates
Company Guidance
Management reaffirmed 2026 adjusted EPS guidance of $5.51–$5.61 and Q1 2026 EPS of $2.27–$2.37 (assuming normal weather after January); full‑year 2025 adjusted EPS was $5.27 (excluding a $0.46/share one‑time Illinois charge). They outlined a $37.5 billion five‑year capital plan (including an incremental $1 billion tied to 500 MW of added Microsoft demand), forecasting 3.9 GW of five‑year demand growth (2.6 GW in the I‑94 corridor, 1.3 GW north), projecting weather‑normal Wisconsin retail sales growth of 1.6% in 2026 (2025 deliveries +1.1% YoY ex‑iron ore; large C&I +5.8%), and expecting 7%–8% EPS CAGR from 2026–2030 with acceleration to the upper half of that range starting in 2028. Between 2026–2030 they plan ~$7.4 billion for modern gas/LNG and $12.6 billion to add 6,500 MW of renewables; projects under way include a 1,100‑MW (five‑unit) Oak Creek CT, a two‑BCF LNG facility, a seven‑unit Paris Rice site, seven renewables and two battery storage projects (two solar sites online later this year). Financing plans call for $4–$5 billion of debt funding in 2026 (including $1.4 billion of maturing senior notes), $900M–$1.1B of common equity issuance via ATM/DRIP/employee plans (issued ~$800M in 2025), 50% equity content on incremental capital, and a 6.7% dividend increase to an annualized $3.81 (target payout 65%–70% of earnings).WEC Energy Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.80B | 8.60B | 8.89B | 9.60B | 8.32B |
| Gross Profit | 4.95B | 3.79B | 3.60B | 3.30B | 3.00B |
| EBITDA | 4.05B | 3.92B | 3.53B | 3.37B | 3.04B |
| Net Income | 1.56B | 1.53B | 1.33B | 1.41B | 1.30B |
Balance Sheet | |||||
| Total Assets | 51.52B | 47.36B | 43.94B | 41.87B | 38.99B |
| Cash, Cash Equivalents and Short-Term Investments | 27.60M | 9.80M | 42.90M | 28.90M | 16.30M |
| Total Debt | 22.31B | 20.33B | 18.80B | 17.37B | 15.59B |
| Total Liabilities | 37.47B | 34.56B | 31.87B | 30.26B | 27.88B |
| Stockholders Equity | 13.64B | 12.43B | 11.75B | 11.41B | 10.94B |
Cash Flow | |||||
| Free Cash Flow | -1.02B | 430.70M | 525.50M | -254.20M | -220.10M |
| Operating Cash Flow | 3.38B | 3.21B | 3.02B | 2.06B | 2.03B |
| Investing Cash Flow | -4.87B | -3.80B | -3.56B | -2.64B | -2.31B |
| Financing Cash Flow | 1.52B | 467.70M | 522.80M | 676.40M | 294.00M |
WEC Energy Group Technical Analysis
Positive
115.87
Price Trends
115.15
Positive
110.81
Positive
109.61
Positive
Market Momentum
0.47
Positive
50.62
Neutral
25.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WEC, the sentiment is Positive. The current price of 115.87 is above the 20-day moving average (MA) of 115.53, above the 50-day MA of 115.15, and above the 200-day MA of 109.61, indicating a bullish trend. The MACD of 0.47 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 25.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WEC.
WEC Energy Group Risk Analysis
WEC Energy Group disclosed 31 risk factors in its most recent earnings report. WEC Energy Group reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WEC Energy Group Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $36.54B | 22.02 | 11.65% | 3.38% | 13.96% | 0.49% | |
67 Neutral | $30.79B | 18.55 | 11.48% | 2.86% | 15.43% | 21.50% | |
67 Neutral | $40.11B | 17.55 | 8.43% | 3.44% | 10.86% | 7.81% | |
66 Neutral | $52.50B | 23.04 | 10.63% | 2.64% | 8.38% | 61.42% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $30.59B | 18.26 | 12.16% | 3.45% | 23.80% | 3.95% | |
62 Neutral | $36.05B | 10.91 | 9.16% | 0.66% | 5.26% | 18.73% |
* Utilities Sector Average
WEC
WEC Energy Group
114.51
9.28
8.81%
AEE
Ameren
111.29
15.96
16.74%
ED
Consolidated Edison
108.88
-0.04
-0.04%
DTE
DTE Energy
147.03
15.59
11.86%
ETR
Entergy
114.67
33.53
41.32%
PCG
PG&E
16.37
-0.14
-0.87%
WEC Energy Group Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresRegulatory Filings and Compliance
WEC Energy Highlights Data Center-Driven Growth Outlook
Positive
Mar 2, 2026
WEC Energy Group used its March 2026 investor presentation to highlight its earnings and dividend growth track record, ongoing dividend policy and expanding capital plan as it meets with investors. The company reiterated a robust long‑term e...
Business Operations and StrategyPrivate Placements and Financing
WEC Energy Group Expands 2028 Senior Notes Offering
Positive
Feb 26, 2026
On February 23, 2026, WEC Energy Group, Inc. entered into an underwriting agreement to issue and sell an additional $400 million of its 4.75% Senior Notes due January 15, 2028, in a registered offering under an existing shelf registration. These A...
Business Operations and StrategyDividendsFinancial DisclosuresRegulatory Filings and Compliance
WEC Energy Highlights Dividend Growth and Midwest Demand Surge
Positive
Feb 6, 2026
WEC Energy Group is updating investors in February 2026 on its continued earnings and dividend growth trajectory and its expanding role as a key power provider in the upper Midwest. The company highlighted 22 consecutive years of meeting or exceed...
Business Operations and StrategyRegulatory Filings and Compliance
WEC Energy Group Illinois Utilities File New Rate Cases
Positive
Jan 5, 2026
On Jan. 5, 2026, WEC Energy Group’s Illinois natural gas utilities, The Peoples Gas Light and Coke Company and North Shore Gas Company, filed rate cases with the Illinois Commerce Commission seeking new base rates effective Jan. 1, 2027. The...
Business Operations and StrategyDividends
WEC Energy Group Plans Dividend Increase for 2026
Positive
Dec 5, 2025
WEC Energy Group announced plans to raise its quarterly dividend to 95.25 cents per share for the first quarter of 2026, marking the 23rd consecutive year of dividend increases. The company is also focusing on significant regional growth, with maj...
Executive/Board ChangesFinancial Disclosures
WEC Energy Group Sets 2026 Executive Performance Measures
Neutral
Dec 5, 2025
On December 4, 2025, WEC Energy Group‘s Compensation Committee established performance measures for the 2026 Short-Term Performance Plan, focusing on financial achievements such as earnings per share and cash flow. The plan also considers op...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.