Skip to Content

WEC Energy Group Inc WEC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

WEC Energy Reports Strong Q1, Increases Carbon Emission Reduction Targets

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our $91 fair value estimate and narrow economic moat rating after WEC Energy Group reported first-quarter operating EPS of $1.61, up from $1.43 in the same year-ago period. Management reaffirmed its 2021 operating EPS guidance of $3.99-$4.03 with expectations for the company to deliver at the top end of the range. We continue to expect management to achieve the top half of its 5%-7% earnings growth target.

Read Full Analysis

Company Profile

Business Description

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 51% electric generation and distribution, 34% gas distribution, 13% electric transmission, and 2% unregulated renewable generation.

Contact
231 West Michigan Street, P.O. Box 1331
Milwaukee, WI, 53201
T +1 414 221-2345
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 7,273

Related