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WEC Energy Group, Inc.
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$34.1B
Market Cap
21.9
P/E
2.83
PEG
6.0%
ROCE
11.6%
ROE
1.48
D/E
22.9%
OPM
-8.7%
% from 52W High
35
α RS
🔍 WEC is showing a near-52W-high setup because it's within 8.7% of its 52-week high, it matches 2 of 37 tracked screener presets, and Sector RRG has Utilities in the Improving quadrant with the trail still strengthening. Net: Broad signal stack, not a recommendation. ? 52W High Conviction RRG
Sources
8.7% from 52W high · Conviction 2/37 · Utilities in Improving quadrant
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🌏 Global Investor Returns
Currency-adjusted total returns for WEC including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding WEC
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 131.28M $158.3M 0.20% Mar 2026
Jim Simons Renaissance Technologies LLC 127.8K $14.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue (H1 2026)
$5.5B
+$337.3M YoY (+6.5%)
Net Income (Q2)
$299.2M
+21.9% YoY
EPS (Q2 diluted)
$0.91
+$0.15 YoY
What Went Right
  • Q2 EPS came in at $0.91, up $0.15 from $0.76 in Q2 2025, with rate base growth contributing $0.13.
  • Reaffirmed FY2026 EPS guidance of $5.51-$5.61, with long-term EPS growth of 7%-8% through 2030.
  • Data centre momentum: Microsoft's first facility is operational; Vantage/Oracle first facility could come online as soon as late 2027; $37.5B five-year capital plan.
What to Watch
  • Weather negatively impacted Q2 earnings by ~$0.05 versus Q2 2025; weather was $0.03 below normal versus a $0.02 positive a year ago.
  • Oracle is contesting VLC collateral requirements in court; it currently posts full collateral at BBB-, but litigation remains an overhang.
  • Wisconsin political environment carries risk — one gubernatorial candidate has floated a data-centre moratorium; labour shortages are slowing the Chicago PIPE programme ramp.
Management Guidance
  • FY2026 EPS guidance reaffirmed at $5.51-$5.61 per share, assuming normal weather for the remainder of the year.
  • Q3 2026 EPS expected to be $0.92-$0.98 per share.
  • Long-term EPS growth of 7%-8% CAGR from 2026-2030; dividend growth targeted at 6.5%-7%; 2026 dividend raised 6.7%.
Investor Lens
The thesis is stronger after this call: earnings beat year-ago levels, the VLC tariff is now approved, and the $37.5B five-year capital plan is anchored by credible, visible data-centre demand. The key risk remains Oracle's credit/collateral litigation and any political backlash against data centres in Wisconsin. Management's confidence in the 2028 acceleration and the 7%-8% CAGR is supported by potential upside from Vantage expansion, transmission growth, and Point Beach capital options. Overall, the growth story remains intact, with the main watch item being regulatory and political execution.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter: EPS $0.91, up $0.15 YoY; guidance reaffirmed
Revenue
Q2 revenue was not broken out in the call; consolidated H1 revenue was $5.5 billion, up $337.3 million from H1 2025. No segment revenue split was provided, but utility and infrastructure segments drove the earnings increase.
Profitability
Q2 net income was $299.2 million, or $0.91 per share, versus $245.4 million, or $0.76 per share, in Q2 2025 — a 21.9% increase. H1 net income rose to $1.1 billion, or $3.36 per share, from $969.6 million, or $3.02 per share.
Margins
Operating margin was not explicitly disclosed. Profitability was supported by $0.13 of rate base growth (including $0.09 AFUDC equity and $0.02 cash returns), partially offset by $0.05 higher D&A and $0.03 higher O&M.
Balance Sheet
The company locked in ~$760 million of common equity in H1 2026, including $720 million via ATM forward contracts, and expects ~$1.1 billion of common equity issuance for the full year. Incremental capital beyond the current plan is expected to be funded with 50% equity content.
Key Risks
Key risks flagged were weather sensitivity, Oracle's collateral lawsuit and credit profile, potential Wisconsin political pushback on data centres, and slower-than-desired labour ramp for the Chicago PIPE programme. Higher D&A and O&M also pressured results.
Outlook
FY2026 EPS guidance is reaffirmed at $5.51-$5.61, with Q3 2026 EPS guided to $0.92-$0.98. Management expects long-term EPS growth of 7%-8% and plans to update the capital and financing plan on the Q3 call.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 EPS rose to $0.91, up $0.15 year-over-year, driven by strong execution and data center demand. The company reaffirmed 2026 EPS guidance of $5.51-$5.61 and a $37.5B five-year capital plan, with major projects and regulatory approvals advancing.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 EPS rose to $2.45, up $0.18 year-over-year, driven by strong utility and infrastructure performance. The company reaffirmed 2026 EPS guidance and a $37.5B capital plan, with robust data center-driven growth and regulatory progress in Wisconsin and Illinois.
Q4 2025 Q4 2025 2026-02-05
Adjusted EPS rose 8% to $5.27 in 2025, driven by strong utility performance, favorable weather, and robust regional economic growth. The five-year capital plan increased to $37.5 billion, with major data center projects fueling 3.9 GW of forecasted demand growth.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 EPS rose to $0.83, and 2025 guidance was reaffirmed. A $36.5B five-year capital plan was unveiled, driven by strong data center and economic growth, with asset-based growth forecast at 11.3% annually and EPS CAGR of 7%–8% through 2030.
Q2 2025 Q2 2025 2025-07-30
Q2 2025 EPS rose to $0.76, up $0.09 year-over-year, with strong utility operations and robust regional economic growth. The company reaffirmed 2025 EPS guidance and a $28B five-year capital plan, while extending key coal units and advancing major renewable and gas projects.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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