WEC Energy Group Inc

WEC Energy Group Inc

WEC

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Market Cap$36.17B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
WEC Energy Group IncWEC Energy Group Inc22.13.32%12%3.71.6

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Demand growth for data centers + capital plan execution (good / opportunity, with some regulatory dependencies) - Management reiterated major hyperscaler-driven growth: Microsoft site in SE Wisconsin plus Vantage (Port Washington area) growth. - Vantage outlook: already ~1.3 GW of demand in the next 5 years in their forecast; potential to reach ~3.5 GW over time. Construction: first facility could come online late 2027; Vantage expects ~$15B investment to complete the phase by 2028. - Other growth: expansions from Milwaukee Tool and Waukesha Engine, plus housing market strength in Racine County (Microsoft area). - 5-year capital plan: $37.5B projected investments; largely low risk / highly executable and with meaningful allocation to very large customers. - Execution confidence: “high level of confidence,” including delivery of major generation + transmission items (not seeing slippage).
Capital spending / projects update (good) - Solar: March ~$225M solar facility placed into service; Wisconsin commission approved 3 additional solar + 1 battery project set totaling ~$730M. - Natural gas generation: construction continues for Paris and Old Creek, WI. - Paris: expect combustion turbines (Yield Creek units) to start coming online late 2027. - Old Creek: extended operating lives of units 7 & 8 (units available through 2027 vs retiring end of this year) citing reliability + affordability. - Point Beach planning: preparing to replace expiring PPA(s) (first unit ends ~2030, second ~2033). Replacement cost estimate: ~$2.0B–$2.5B total (~$1 GW), planning to be included in the 5-year plan this fall. Mix under consideration: gas (likely combined cycle) and/or renewables.
Financial performance + guidance (mostly good; watch weather sensitivity) - Q1 2026 EPS: $2.45, up $0.18 YoY vs Q1 2025. - Key drivers (utility segment): - Weather negative: about -$0.02 QoQ (vs mild weather modeling benefit in Q1 2025). - Rate-based growth +$0.17 (includes +$0.09 incremental AFUDC equity from projects under construction). - Day-to-day O&M +$0.05 favorable (includes +$0.02 from an Illinois asset sale; remaining favorability expected to reverse later in the year). - Delivery growth: weather-normal retail electric deliveries (ex iron ore mine) +1.3% YoY in Q1; ~+1.5% expected for full year 2026. - Guidance reaffirmed: - 2026 EPS: $5.51 to $5.61 (normal weather assumption). - Q2 EPS: $0.76 to $0.82 (accounts for April weather; assumes normal weather thereafter).

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$121.86

Target Price by Analysts

10.7% upsideWEC Energy Group Target Price DetailsTarget Price
$245.18

Current Fair Value

122.8% upside

Undervalued by 122.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$36.17 Billion
Enterprise Value$58.44 Billion
Dividend Yield$3.81 (3.32%)
Earnings per Share$4.86
Beta0.49
Outstanding Shares325,600,000

Return

Return on Equity11.56%ROE
Return on Assets3.16%
Return on Invested Capital5.44%

Valuation & Multiples

P/E Ratio22.07P/E Ratio
PEG199.34PEG
Price to Sales3.67Price to Sales
Price to Book Ratio2.5Price to Book Ratio
Enterprise Value to Revenue5.8
Enterprise Value to EBIT22.69
Enterprise Value to Net Income35
Total Debt to Enterprise0.38
Debt to Equity1.58Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$2.30
Average shareholder expectation
Revenue Estimate
$3.32 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$0.82
Average shareholder expectation
Revenue Estimate
$2.04 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.4611▼ 105.17%
Total Calls536,000▲ 15.19%
Total Puts247,130▼ 64.89%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %85.51%▲ 2.32%
Total Invested$32.20B▲ 12.82%
Investors Holding1,383▲ 17.00%

ESG Score

No data

About WEC Energy Group Inc

8,000 employees
CEO: J. Kevin Fletcher

WEC Energy Group, based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Ser...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its influence on corporate tax structures and investment incentives directly impacts WEC Energy Group's financial planning, project viability, and profitability.

Finance

This powerful committee controls taxation and trade. Its decisions on corporate tax rates, investment tax credits, and other fiscal policies directly impact WEC's profitability, capital expenditure decisions, and overall valuation.

Appropriations

This committee directly allocates discretionary federal spending. Its decisions on funding for energy infrastructure, grid modernization, and clean energy initiatives can directly translate into contracts, partnerships, or regulatory incentives for WEC Energy Group.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, which profoundly impacts all aspects of WEC's business, including power generation, renewable energy development, and utility infrastructure.

Environment and Public Works

This committee directly regulates the EPA and environmental policy, which significantly impacts power generation (emissions, water discharge) for WEC's electric plants. It also drives infrastructure spending relevant to utility transmission and new projects.