WEC Energy Group reported first-quarter operating earnings per share of $2.45, up from $2.27 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.
The Midcontinent Independent System Operator, or MISO, recently released its updated Long-Term Load Forecasting Results, which included a large increase in its forecast driven by higher data center and manufacturing demand.
WEC Energy Group reported third-quarter operating earnings per share of $0.83, up from $0.82 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.
WEC Energy Group reported second-quarter operating earnings per share of $0.76, up from $0.67 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.
WEC Energy Group reported first-quarter operating earnings per share of $2.27, up from $1.97 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.
Utilities have limited direct exposure to the tariffs announced by the Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.
WEC Energy Group reported 2024 operating earnings per share of $4.63, up from $4.88 in 2023, in line with our expectations. The company recently announced a 6.9% dividend increase.
We are increasing our fair value estimate for WEC Energy Group to $101 per share, up $4 from our previous estimate after incorporating year-to-date financial updates and state regulatory activity.
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.
We are reaffirming our $96 fair value estimate for WEC Energy after the company reported second-quarter earnings of $0.67 per share, down from the $0.92 per share in the same year-ago period. Rate design changes have shifted WEC's earnings more evenly throughout the year with no impact to our fair value. Management reaffirmed 2024 earnings guidance of $4.80-$4.90 per share, in line with our expectations.