WEC Energy Group Inc

WEC Energy Group Inc

WEC

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Market Cap$35.64B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
WEC Energy Group IncWEC Energy Group Inc213.37%12%3.51.6

Earnings Call Q2 2026

July 29, 2026 - AI Summary

Q2 2026 results & guidance reaffirmed (core earnings outlook) - Reported $0.91 EPS in 2Q26, up $0.15 YoY (vs. 2Q25). - Management says results reflect “execution, financial discipline and operating efficiency.” - Reaffirmed 2026 EPS guidance: $5.51–$5.61, assuming normal weather for the rest of the year. - 3Q26 outlook: $0.92–$0.98 EPS, reflecting July weather plus normal weather for the remainder of the quarter. - Key earnings drivers (utility business): Weather hurt (about -$0.05 QoQ, with a weather impact estimate - $0.03 vs normal, vs + $0.02 in 2Q25). Offset by grid-based growth (+$0.13) and sales/tax/other (+$0.06), partially offset by higher depreciation/O&M (-$0.05 O/H and -$0.03 O&M). - Energy Infrastructure segment: +$0.11 YoY, mainly helped by insurance proceeds (storm damages) after last year’s impairment loss; net storm-related impact described as about + $0.04 (after netting two items).
Data-center growth engine + forecast of “very large customers” (big opportunity) - Highlighted strong regional demand tied to hyperscaler/data center development in Wisconsin: - Microsoft (Pleasant Prairie / I‑94 corridor south of Milwaukee): first data center already operational; Microsoft purchased >2,200 acres; company preparing for +2.6 GW demand increase through 2030, with expansion opportunity. - Vantage / Oracle (north of Milwaukee): construction progressing; first facility potentially late 2027. Vantage expects to invest $15B to complete the initial phase in 2028. Company has 1.3 GW demand in forecast over next 5 years; potential to reach 3.5 GW over time. - Additional industrial and energy-related projects mentioned (backup generator production expansion in Kenosha; Waukegan Steel HQ move; Harley Davidson returning some production to WI). - Capital plan theme: by 2030 ~15% of asset base dedicated to these “very large customers.” - Long-term growth framework: management reaffirmed 7%–8% EPS CAGR (2026–2030) based on midpoint 2025 adjusted guidance; expects acceleration to upper-half starting in 2028.
Major capital execution (execution confidence) & what’s next - 5-year capital plan: $37.5B projected investments (low-risk, executable projects; “very large customers” are a significant portion). - New gas generation projects (Paris and Old Creek, WI) under construction; expected online in late 2027. - Management is updating the next capital plan and plans to share details on the 3Q call (implies the upcoming plan could reveal additional upside beyond today’s guidance). - Surprising/important investor takeaway: while they present “high confidence” in current execution, they also emphasize capital could be “option” for additional capacity decisions (e.g., Point Beach discussion), meaning plan refresh could change mix/scale.

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$121.33

Target Price by Analysts

11% upsideWEC Energy Group Target Price DetailsTarget Price
$220.06

Current Fair Value

101.4% upside

Undervalued by 101.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$35.64 Billion
Enterprise Value$58.57 Billion
Dividend Yield$3.69 (3.37%)
Earnings per Share$4.86
Beta0.46
Outstanding Shares325,800,000

Return

Return on Equity11.97%ROE
Return on Assets3.21%
Return on Invested Capital5.31%

Valuation & Multiples

P/E Ratio21.04P/E Ratio
PEG92.51PEG
Price to Sales3.53Price to Sales
Price to Book Ratio2.48Price to Book Ratio
Enterprise Value to Revenue5.78
Enterprise Value to EBIT23.21
Enterprise Value to Net Income34
Total Debt to Enterprise0.39
Debt to Equity1.63Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$0.80
Average shareholder expectation
Revenue Estimate
$2.11 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$0.91
Average shareholder expectation
Revenue Estimate
$2.20 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 46.11%
Total Calls11,500▼ 97.85%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %5.12%▼ 80.40%
Total Invested$1.94B▼ 93.97%
Investors Holding596▼ 797.00%

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.