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WEC Energy Group Inc WEC Stock Quote

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Morningstar‘s Stock Analysis WEC

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WEC Energy Posts Strong First-Half Results, Raises Earnings Guidance for Second Time

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are increasing our WEC Energy Group fair value estimate to $95 per share from $94 after the company reported second-quarter earnings of $0.91 per share, up from $0.87 in the same year-ago period. Management increased its full-year operating earnings guidance range for the second time this year, to $4.36 to $4.40 up from the previous $4.34 to $4.38 per share. Strong year-to-date results and time value appreciation led to our fair value increase. Our narrow moat and stable moat trend remain unchanged.

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Key Statistics WEC

Company Profile WEC

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 47% electric generation and distribution, 36% gas distribution, 12% electric transmission, and 5% unregulated renewable generation.

231 West Michigan Street, P.O. Box 1331
Milwaukee, WI, 53201
T +1 414 221-2345
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 6,938

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