WEC Energy Group Inc

WEC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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WEC Energy Earnings: Sizable Capital Investment Increase Highlights Growth Opportunities

Andrew Bischof

Oct 31, 2024

We are reaffirming our $97 per share fair value estimate for WEC Energy after the company reported third-quarter earnings of $0.82 per share, down from the $1.00 in the same year-ago period. Rate design changes have shifted WEC's earnings more evenly throughout the year. Management reaffirmed 2024 earnings guidance of $4.80-$4.90 per share, in line with our expectations.

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WEC Energy Group Inc

WEC Energy Earnings: Sizable Capital Investment Increase Highlights Growth Opportunities

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