WEC Energy Group Inc

WEC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$19.00	Fckfg	Wjcnvjpspl

WEC Energy Group Earnings: WEC Manages Warm Winter, Remains Utilities Top Pick

Andrew Bischof

May 1, 2024

We are reaffirming our $96 per share fair value estimate for WEC Energy after the company reported first-quarter earnings of $1.97 per share, up from the $1.61 per share in the same year-ago period. Management reaffirmed 2024 earnings guidance of $4.80-$4.90 per share, in line with our expectations. Our narrow moat rating remains unchanged.

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