WEC Stock - WEC Energy Group, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.60B | $8.89B | $9.60B | $8.32B | $7.24B |
| Gross Profit | $3.79B | $3.60B | $3.30B | $3.00B | $2.89B |
| Gross Margin | 44.0% | 40.5% | 34.4% | 36.1% | 39.9% |
| Operating Income | $2.15B | $1.91B | $1.92B | $1.71B | $1.71B |
| Net Income | $1.53B | $1.33B | $1.41B | $1.30B | $1.20B |
| Net Margin | 17.8% | 15.0% | 14.7% | 15.7% | 16.6% |
| EPS | $4.81 | $4.22 | $4.46 | $4.12 | $3.80 |
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 28th 2025 | Wells Fargo | Initiation | Overweight | $124 |
| October 22nd 2025 | BTIG Research | Initiation | Buy | $136 |
| October 16th 2025 | TD Cowen | Initiation | Hold | $125 |
| October 13th 2025 | Ladenburg Thalmann | Upgrade | Buy | - |
| October 3rd 2025 | Citigroup | Initiation | Buy | $131 |
| June 25th 2025 | Goldman | Downgrade | Sell | $100 |
| April 8th 2025 | JP Morgan | Upgrade | Neutral | $108← $106 |
| January 2nd 2025 | Barclays | Upgrade | Equal Weight | $93← $89 |
| December 12th 2024 | BofA Securities | Upgrade | Neutral | $98← $90 |
| September 20th 2024 | Jefferies | Initiation | Hold | $102 |
| April 10th 2024 | Goldman | Initiation | Neutral | $88 |
| February 2nd 2024 | JP Morgan | Downgrade | Underweight | $84← $90 |
| January 4th 2024 | BofA Securities | Downgrade | Underperform | $78← $84 |
| October 17th 2023 | BofA Securities | Downgrade | Neutral | $86← $102 |
| September 27th 2023 | RBC Capital Mkts | Initiation | Sector Perform | $95 |
Earnings History & Surprises
WECEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $1.38 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.81 | $0.83 | +2.5% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.70 | $0.76 | +7.8% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $2.18 | $2.27 | +4.1% | ✓ BEAT |
Q1 2025 | Feb 4, 2025 | $1.49 | $1.43 | -4.0% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $0.70 | $0.82 | +17.1% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.64 | $0.67 | +4.7% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $1.92 | $1.97 | +2.6% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $1.10 | $1.10 | 0.0% | = MET |
Q4 2023 | Oct 31, 2023 | $0.91 | $1.00 | +9.9% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.85 | $0.92 | +8.2% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $1.59 | $1.61 | +1.3% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $0.75 | $0.80 | +6.7% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $0.86 | $0.96 | +11.6% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.85 | $0.91 | +7.1% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $1.67 | $1.79 | +7.2% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $0.68 | $0.71 | +4.4% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.79 | $0.92 | +16.5% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.79 | $0.87 | +10.1% | ✓ BEAT |
Latest News
UBS Maintains Neutral on WEC Energy Group, Lowers Price Target to $115
➖ NeutralBarclays Maintains Underweight on WEC Energy Group, Lowers Price Target to $105
📉 NegativeKeybanc Maintains Overweight on WEC Energy Group, Lowers Price Target to $117
➖ NeutralJP Morgan Maintains Neutral on WEC Energy Group, Lowers Price Target to $113
➖ NeutralWEC Energy Group Increases Quarterly Dividend From $0.8925 To $0.9525 Per Share
📈 PositiveWEC Energy Group May Offer & Sell Shares Of Common Stock Of Up To $3B From Time To Time Through Sales Agents
➖ NeutralScotiabank Maintains Sector Outperform on WEC Energy Group, Raises Price Target to $130
📈 PositiveWEC Energy Group Affirms FY2025 GAAP EPS Guidance of $5.17-$5.27 vs $5.23 Est
➖ NeutralWEC Energy Group Q3 2025 Adj. EPS $0.83 Beats $0.81 Estimate, Sales $2.104B Beat $1.894B Estimate
📈 PositiveWells Fargo Initiates Coverage On WEC Energy Group with Overweight Rating, Announces Price Target of $124
📈 PositiveBMO Capital Maintains Market Perform on WEC Energy Group, Raises Price Target to $120
➖ NeutralKeybanc Maintains Overweight on WEC Energy Group, Raises Price Target to $123
📈 PositiveUBS Maintains Neutral on WEC Energy Group, Raises Price Target to $122
➖ NeutralScotiabank Maintains Sector Outperform on WEC Energy Group, Raises Price Target to $129
📈 PositiveCitigroup Initiates Coverage On WEC Energy Group with Buy Rating, Announces Price Target of $131
📈 PositiveFrequently Asked Questions about WEC
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