— Know what they know.
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Not Investment Advice

WEC

NYSE · USD
WEC Energy Group, Inc.
Utilities · Regulated Electric
CEO Scott J. Lauber Employees 7,151 R&D / revenue 0.0%
Last price
$108.71+2.52%last session
Market cap
$35.4B
P/E (TTM)
20.9x
From 52w high
−9.3%
From 52w low
+8.9%
1-year return
−3.2%
RSI 14 · vs SMA200
67.5 · −1.1%
IS score
36.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

WEC   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116WEC 97XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
57
Profitability
47
Growth
53
Value
76
Momentum
15
Risk (safety)
66
Quality
25
Balance sheet
78
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Altman distress zone▲ Negative free cash flow▲ Share count rising
Observations
Moat model: Weak, Intangible AssetsPiotroski 5 / 9Altman Z 1.1Beta 0.462 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
4 open-market sales, $621,092
Form 144 notices (12m): 9, $5.8M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+29
123 new holders, 83 closed
1,401 filers hold 87.0% · 579 added, 410 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+202
860 funds adding shares
658 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
63.5%
20-day avg 53.6%, 50-day avg 56.8%
Latest 9.9 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$9.8B
Revenue growth YoY+14.0%
Gross margin50.5%
Operating income$2.4B
Operating margin24.2%
Net income$1.6B
Net margin15.9%
EPS (diluted)$4.83
Cash flow
Operating cash flow$3.4B
Capital expenditure$4.4B
Free cash flow−$1.0B
FCF conversion (FCF / OCF)-30.1%
Stock-based compensation$0
FCF less SBC−$1.0B
Buybacks$1.3M
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$27.6M
Total debt$21.9B
Net debt$21.9B
Shareholders' equity$14.1B
Goodwill & intangibles$3.6B
Debt / equity1.63
ROE (TTM)12.2%
ROIC (TTM)5.2%
Operating margin by fiscal year
20.6%FY202120.0%FY202221.5%FY202325.0%FY202424.2%FY2025
Revenue $8.3B (FY2021) to $9.8B (FY2025), a 4.2% CAGR.

Valuation

P/E (TTM)20.9x
EV / EBITDA14.2x
Price / sales3.49x
Price / FCFn/m
FCF yield-3.95%
Buyback yield0.00%
SBC / revenue0.0%
Price / book2.51x
Forward P/E FY202619.4x
Forward P/E FY202718.1x
Forward P/E FY202816.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $112.75 across 4 analysts last quarter is theirs, not ours.

WEC vs industry median

139 companies in Regulated Electric
Gross margin 62.0% 39.0% Operating margin 24.1% 19.1% Net margin 16.7% 13.0% ROIC 5.2% 5.7%
WEC (TTM)Industry median Asset turnover 0.19 vs industry 0.24 · financial leverage 3.73

Earnings delivery

Next report 2026-10-29 · consensus EPS $0.95
83%
beat rate, 10 of 12 quarters
+4.4%
median EPS surprise
6
longest beat streak
+10+0+3+5+17-4+4+8+2+2+7+13
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-31 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
WEC WEC Energy Group, Inc. $35.4B20.9x12.2%16.7%+14.0% −3.2%
PEG Public Service Enterprise Gr $35.6B17.7x11.8%13.1%+12.7% −12.3%
PCG PG&E Corporation $35.1B9.5x9.7%12.9%+5.7% −20.7%
EXCVV Exelon Corporation $41.1B3.8x9.9%11.0%+5.3% —
ED Consolidated Edison, Inc. $41.4B18.3x9.0%7.6%+9.5% +12.0%
AEE Ameren Corporation $29.4B18.5x12.0%15.0%+3.8% +1.5%
EXC Exelon Corporation $44.8B15.9x9.7%6.6%+6.6% —
ELC Entergy Louisiana, LLC COLLA $45.8B4.6x12.6%13.7%+9.5% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

2026-09-04Regulation FD; Exhibits
2026-08-18Material Agreement
2026-08-11Officer/Director Change
2026-08-03Regulation FD; Exhibits
2026-07-29Earnings Release; Exhibits
2026-06-01Regulation FD; Exhibits

Context

Shares outstanding325,849,000
Free float99.7%
Institutional ownership87.0%
Beta0.46
Dividend yield3.45%
Last dividend$0.95 on 2026-08-14
50 / 200-day average$105.38 / $111.24
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where WEC sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureWECIndustry medianIndustry percentileSector median
P/E (TTM) 20.9x 19.6x
68th		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 3.32 1.94
65th		 2.20
Price / sales 3.5x 2.4x
89th		 2.4x
Price / book 2.5x 1.8x
89th		 1.9x
Price / tangible book 3.6x 2.0x
98th		 2.1x
Price / free cash flow —
Price / operating cash flow 10.0x 9.1x
70th		 9.2x
Enterprise value $58.4B $51.2B
64th		 $25.7B
EV / sales 5.8x 3.9x
77th		 4.5x
EV / EBITDA 14.2x 11.6x
89th		 11.9x
EV / EBIT 22.5x 19.5x
82nd		 19.6x
EV / free cash flow —
Earnings yield 4.8% 5.1%
32nd		 4.8%
FCF yield -4.0% -1.8%
45th		 -4.2%
Operating cash flow yield 10.0% 10.7%
33rd		 10.3%
Graham number (per share) $70.54 $56.02
70th		 $48.77

Profitability (TTM)

MeasureWECIndustry medianIndustry percentileSector median
Gross margin 62.0% 43.4%
77th		 43.4%
EBITDA margin 40.6% 40.2%
55th		 38.7%
Operating margin 24.1% 22.2%
70th		 20.9%
EBIT margin 25.6% 23.8%
64th		 23.2%
Net margin 16.7% 13.5%
84th		 12.4%
NOPAT margin 22.6% 19.3%
77th		 18.1%
FCF margin -13.8% -5.6%
34th		 -7.6%
Operating cash flow margin 35.0% 29.1%
82nd		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 17.9% 3.8%
86th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate 6.5% 13.7%
20th		 18.4%

Returns on capital

MeasureWECIndustry medianIndustry percentileSector median
ROE (on average equity) 12.4% 10.5%
77th		 9.5%
ROA 3.3% 2.7%
82nd		 2.6%
ROIC 6.2% 5.5%
73rd		 5.5%
ROCE 5.5% 5.3%
61st		 5.1%
Return on tangible assets 5.1% 4.9%
66th		 4.7%
Cash ROIC (OCF / invested capital) 9.6% 8.6%
73rd		 8.0%
Gross profitability (GP / assets) 11.9% 9.1%
75th		 8.6%
ROIC, 3-yr average 5.2% 4.4%
84th		 4.2%
ROIC, 5-yr average 5.3% 4.3%
84th		 4.2%
ROE, 5-yr average 11.9% 10.7%
79th		 9.1%
Incremental ROIC 21.9% 21.9%
50th		 20.6%

Growth

MeasureWECIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 8.9% 8.0%
52nd		 7.2%
Revenue growth (QoQ) -40.0% -16.9%
0th		 -16.9%
Revenue CAGR, 3 yr 3.0% 2.8%
61st		 3.0%
Revenue CAGR, 5 yr 5.0% 5.6%
29th		 6.3%
Gross profit CAGR, 3 yr 23.6% 8.0%
75th		 7.9%
Operating income CAGR, 3 yr 9.2% 10.5%
45th		 9.4%
Net income growth (TTM YoY) 1.7% 8.5%
38th		 8.6%
Net income CAGR, 3 yr 7.8% 9.5%
43rd		 8.8%
EPS growth (TTM YoY) -0.9% 2.3%
38th		 4.2%
EPS CAGR, 3 yr 6.3% 6.6%
48th		 6.6%
EPS CAGR, 5 yr 4.7% 4.1%
62nd		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 20.0% 17.7%
63rd		 12.7%
Book value CAGR, 3 yr 5.0% 4.8%
52nd		 4.7%
Dividend CAGR, 3 yr 1.6% 0.3%
79th		 0.3%
Sustainable growth rate 3.6% 3.8%
39th		 3.7%

Margin history & stability

MeasureWECIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 49.5% 44.0%
77th		 42.6%
Operating margin, 3-yr average 24.0% 21.9%
73rd		 20.0%
Net margin, 3-yr average 16.8% 13.0%
89th		 12.5%
FCF margin, 3-yr average -1.7% -4.3%
57th		 -7.9%
Revenue stability (0-1) 0.76 0.75
57th		 0.75
Earnings stability (0-1) 0.79 0.43
84th		 0.51
Margin stability (0-1) 0.77 0.83
34th		 0.84

Liquidity (latest quarter)

MeasureWECIndustry medianIndustry percentileSector median
Cash & short-term investments $50.0M $241.0M
23rd		 $215.5M
Net cash (− = net debt) −$22.9B −$24.6B
55th		 −$12.1B
Working capital −$2.9B −$794.4M
23rd		 −$284.5M
Current ratio 0.45 0.80
2nd		 0.82
Quick ratio 0.30 0.66
2nd		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.01 0.07
11th		 0.08
Defensive interval (days) 150 days 286 days
21st		 314 days

Leverage & solvency (latest quarter)

MeasureWECIndustry medianIndustry percentileSector median
Total debt $23.0B $25.1B
45th		 $12.5B
Debt / equity 1.63 1.68
41st		 1.61
Net debt / equity 1.62 1.67
43rd		 1.60
Debt / assets 43.6% 44.6%
39th		 43.4%
Debt / capital 61.9% 62.7%
41st		 61.8%
Debt / EBITDA 5.59 5.59
50th		 5.59
Net debt / EBITDA 5.58 5.54
55th		 5.53
Interest coverage (EBIT / interest) 2.9x 2.4x
80th		 2.4x
Cash interest coverage 3.9x 3.1x
77th		 3.0x
Debt payback (years of OCF) 6.5 yrs 7.5 yrs
26th		 7.5 yrs
Liabilities / assets 72.4% 73.0%
41st		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureWECIndustry medianIndustry percentileSector median
Asset turnover 0.20 0.21
43rd		 0.20
Fixed asset turnover 0.25 0.27
44th		 0.27
Inventory turnover 5.3 6.7
36th		 8.7
Receivables turnover 6.7 8.7
9th		 8.4
Days sales outstanding 54 days 41 days
93rd		 43 days
Days inventory outstanding 69 days 54 days
65th		 42 days
Days payables outstanding 87 days 77 days
63rd		 75 days
Cash conversion cycle (days) 36 days 15 days
77th		 14 days
Capex / revenue 48.8% 33.3%
79th		 35.1%
Capex / depreciation 3.27 2.35
83rd		 2.40
Operating expense ratio 52.1% 30.3%
84th		 30.7%

Cash flow & earnings quality

MeasureWECIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.10 2.19
41st		 2.20
FCF / net income −0.83 −0.32
41st		 −0.74
FCF / operating cash flow -39.5% -20.3%
44th		 -33.3%
Capex / operating cash flow 139.5% 120.3%
56th		 133.3%
Accruals ratio -3.7% -3.3%
34th		 -3.2%
Sloan accruals ratio -4.5% -3.7%
32nd		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureWECIndustry medianIndustry percentileSector median
Dividend yield 3.4% 3.3%
55th		 3.3%
Dividend per share (TTM) $3.75 $2.56
84th		 $1.87
Payout ratio (dividends / net income) 70.9% 65.4%
77th		 63.9%
Dividends / FCF —
Dividend growth (YoY) 6.5% 3.9%
73rd		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 3.4% 3.3%
55th		 3.3%
Share count change (YoY) 2.6% 2.2%
59th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureWECIndustry medianIndustry percentileSector median
IS score 36 42
23rd		 40
IS profitability 57 50
75th		 44
IS growth 47 49
39th		 50
IS value 53 58
23rd		 56
IS momentum 76 77
45th		 78
IS risk (safety) 15 15
0th		 15
IS quality 66 66
50th		 64
IS balance sheet 25 25
41st		 28
IS earnings quality 78 79
41st		 79
IS cash flow 25 35
5th		 35
Piotroski F-score (0-9) 5 6
14th		 6
Altman Z-score 1.1 0.8
80th		 0.9
Beneish M-score −2.83 −2.60
19th		 −2.64
Ohlson O-score −7.01 −7.06
55th		 −7.04
IS credit score 24 27
20th		 29

Per share

MeasureWECIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.15 $3.90
75th		 $3.13
Book value per share $42.98 $34.68
64th		 $32.52
Tangible book per share $33.67 $34.58
43rd		 $32.45
Revenue per share $30.82 $27.50
68th		 $24.86
FCF per share −$4.26 −$1.01
34th		 −$1.64
Operating cash flow per share $10.79 $8.38
68th		 $7.00
Cash per share $0.15 $0.80
18th		 $0.83

Size (TTM)

MeasureWECIndustry medianIndustry percentileSector median
Market cap $35.4B $21.5B
73rd		 $8.5B
Revenue $10.1B $12.5B
45th		 $5.4B
EBITDA $4.1B $4.3B
45th		 $2.7B
Net income $1.7B $1.3B
61st		 $559.7M
Free cash flow −$1.4B −$189.0M
30th		 −$190.6M
Total assets $52.8B $56.2B
48th		 $34.0B
Shareholders' equity $14.1B $12.5B
57th		 $5.1B
Employees 7,151 9,950
30th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-07Stanek Mary Ellen
Director
 Award / grant 351——55,136
2026-10-07Cunningham Danny L
Director
 Award / grant 363——24,266
2026-10-07Lane Thomas K
Director
 Award / grant 303——18,614
2026-08-27Krueger Daniel
EVP WEC Infrastructure
 Discretionary 2,800$106.45$298,0605,545
2026-08-11Payne Ulice Jr
Director
 Open-market sale 980$105.58$103,46819,588
2026-07-08Lane Thomas K
Director
 Award / grant 267——18,149
2026-07-08Stanek Mary Ellen
Director
 Award / grant 310——54,299
2026-07-08Cunningham Danny L
Director
 Award / grant 321——23,690
2026-05-19Krueger Daniel
EVP WEC Infrastructure
 Option exercise 4,665$58.30$271,99312,011
2026-05-19Krueger Daniel
EVP WEC Infrastructure
 Open-market sale 2,000$110.85$221,69910,011
2026-05-19Krueger Daniel
EVP WEC Infrastructure
 Open-market sale 1,000$110.92$110,9199,011
2026-05-19Krueger Daniel
EVP WEC Infrastructure
 Open-market sale 1,665$111.11$185,0057,346

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired61,915—
DiscretionaryAcquired23,751$298,060
Open-market saleDisposed45,645$621,092
Option exerciseAcquired14,665$271,993
Option exerciseDisposed14,665$271,993
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 53,179 shares · $5.8M
FiledFilerShares proposedEst. proceeds
2026-08-11Ulice Payne Jr.980$103,361
2026-06-17Gale Klappa2,000$3,000
2026-05-19Daniel P Krueger4,665$517,623
2026-02-24Ulice Payne Jr.1,450$166,166
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-09-25Julie JohnsonHouseSale$1,001 - $15,0002025-10-08
2025-09-24Julie JohnsonHouseSale (Full)$1,001 - $15,0002025-10-08
2025-09-23Julie JohnsonHouseSale$1,001 - $15,0002026-08-06
2022-05-25Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002022-06-12
2022-05-25Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002022-06-11
2022-05-25Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002022-06-11
2018-04-24Shelley Moore CapitoSenatePurchase$1,001 - $15,0002019-05-09
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.33,321,277$3.9B10.23%
VANGUARD CAPITAL MANAGEMENT LLC21,255,153$2.5B6.52%
STATE STREET CORP21,094,044$2.5B6.47%
VANGUARD PORTFOLIO MANAGEMENT LLC16,877,935$2.0B5.18%
GEODE CAPITAL MANAGEMENT, LLC9,240,374$1.1B2.84%
BANK OF AMERICA CORP /DE/8,605,748$1.0B2.64%
WELLS FARGO & COMPANY/MN8,572,855$1.0B2.63%
DEUTSCHE BANK AG\5,992,578$699.8M1.84%
AMERIPRISE FINANCIAL INC5,822,834$680.8M1.79%
Sixth Street Partners Management Company, L.P.5,266,847$615.8M1.62%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC5,266,847$615.8M1.62%
FRANKLIN RESOURCES INC4,670,940$545.4M1.43%
Invesco Ltd.4,618,948$539.4M1.42%
FEDERATED HERMES, INC.4,125,344$481.7M1.27%
JPMORGAN CHASE & CO3,936,471$466.2M1.21%

Institutional ownership by quarter

2023-092026-0687.0%
% of shares held by 13F filers
2023-092026-061,401
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,40187.0%12357941083
2026-03-311,37284.9%15254941190
2025-12-311,33982.5%186505419104
2025-09-301,28282.2%13254236678
2025-06-301,25081.3%111527384104
2025-03-311,26079.4%16348739071
2024-12-311,18679.5%16745435178
2024-09-301,11876.9%14942733786
2024-06-301,06674.8%11741633067
2024-03-311,03275.0%9936337593
2023-12-311,03874.2%14932337771
2023-09-3097972.7%86333360100

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%24,576,995
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.2%16,812,132
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$1.0B
VTI0.04%$1.0B
VTSAX0.04%$1.0B
VSMPX0.04%$1.0B
VFIAX0.05%$862.4M
VFINX0.05%$862.4M

Share structure

Shares outstanding325,849,000
Float324,917,454
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$8.3B$9.6B$8.9B$8.6B$9.8B
Cost of revenue$5.3B$6.3B$5.3B$4.8B$4.8B
Gross profit$3.0B$3.3B$3.6B$3.8B$5.0B
R&D$0$0$0$0$0
SG&A$0$0$0$0$591.5M
Operating income$1.7B$1.9B$1.9B$2.2B$2.4B
EBITDA$3.0B$3.4B$3.5B$3.9B$4.0B
Pretax income$1.5B$1.7B$1.5B$1.7B$1.7B
Income tax$200.3M$322.9M$204.6M$222.0M$118.0M
Net income$1.3B$1.4B$1.3B$1.5B$1.6B
EPS, diluted$4.11$4.45$4.22$4.83$4.83
Diluted shares316.3M316.1M315.9M316.5M327.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$16.3M$28.9M$42.9M$9.8M$27.6M
Receivables$1.5B$1.8B$1.5B$1.7B$2.1B
Inventory$635.8M$807.1M$775.2M$813.2M$803.4M
Total current assets$2.7B$3.2B$2.8B$2.9B$2.9B
PP&E, net$27.0B$29.1B$31.6B$34.6B$38.3B
Goodwill & intangibles$3.1B$3.1B$3.1B$3.1B$3.6B
Total assets$39.0B$41.9B$43.9B$47.4B$51.5B
Accounts payable$1.0B$1.2B$896.6M$1.1B$1.1B
Total current liabilities$3.8B$4.6B$5.1B$4.8B$6.2B
Long-term debt$13.5B$14.6B$15.4B$17.2B$18.5B
Total liabilities$27.9B$30.3B$31.9B$34.6B$37.5B
Shareholders' equity$11.1B$11.6B$12.1B$12.8B$14.1B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.3B$1.4B$1.3B$1.5B$1.6B
Depreciation & amortization$1.1B$1.1B$1.3B$1.4B$1.5B
Stock-based compensation$0$0$0$0$0
Change in working capital−$306.8M−$340.8M$234.4M−$79.3M−$110.2M
Operating cash flow$2.0B$2.1B$3.0B$3.2B$3.4B
Capital expenditure−$2.3B−$2.3B−$2.5B−$2.8B−$4.4B
Free cash flow−$220.1M−$254.2M$525.5M$430.7M−$1.0B
Investing cash flow−$2.3B−$2.6B−$3.6B−$3.8B−$4.9B
Net debt issued / repaid$1.2B$1.7B$1.5B$1.4B$1.9B
Buybacks−$33.1M−$69.2M−$16.6M−$3.2M−$1.3M
Dividends paid−$854.8M−$917.9M−$984.2M−$1.1B−$1.1B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin36.1%34.4%40.5%44.0%50.5%
Operating margin20.6%20.0%21.5%25.0%24.2%
Net margin15.6%14.7%15.0%17.8%15.9%
FCF margin-2.6%-2.8%5.9%5.0%-10.7%
ROE12.1%12.6%11.5%12.6%12.0%
ROIC5.6%5.4%5.4%5.7%6.1%
ROA3.4%3.5%3.1%3.3%3.2%
Debt / equity1.421.521.601.641.64
Interest coverage4.2x4.4x3.1x3.2x2.9x
Current ratio0.710.690.550.600.47
Revenue growth+14.8%+15.4%−7.3%−3.3%+14.0%
EPS growth+8.5%+8.4%−5.3%+14.1%−1.3%
P/E at year end20.6x18.9x18.6x18.9x22.2x
EV / EBITDA at year end13.9x13.0x12.3x12.6x14.1x
FCF yield at year end-0.82%-1.03%2.12%1.49%-3.02%
Dividend payout65.7%65.2%73.8%69.1%73.7%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Wisconsin$6.0B$7.0B$6.6B$6.3B$7.3B
Illinois$1.7B$1.9B$1.6B$1.6B$1.7B
Non-Utility Energy Infrastructure$539.5M$590.0M$666.5M$691.3M$770.2M
Other States$519.0M$618.5M$519.1M$449.8M$527.5M

Revenue by region · FY2025

Wisconsin$7.3B · 71%
Illinois$1.7B · 16%
Non-Utility Energy Infrastructure$770.2M · 7%
Other States$527.5M · 5%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $0.95 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$10.1B$10.1B – $10.2B$5.60$5.57 – $5.661019.4x
2027$10.7B$10.4B – $10.8B$6.00$5.95 – $6.04918.1x
2028$11.5B$10.6B – $12.1B$6.50$6.41 – $6.61916.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$0.80$0.91+13.2%$2.1B$2.1B−2.1%
2026-05-05$2.30$2.45+6.5%$3.3B$3.4B+3.4%
2026-02-05$1.39$1.42+2.2%$2.1B$2.5B+18.3%
2025-10-30$0.81$0.83+2.5%$1.9B$2.1B+11.1%
2025-07-30$0.70$0.76+7.8%$1.8B$2.0B+13.8%
2025-05-06$2.18$2.27+4.1%$2.8B$3.1B+13.1%
2025-02-04$1.49$1.43−4.0%$2.6B$2.3B−10.7%
2024-10-31$0.70$0.82+17.1%$1.9B$1.9B−3.6%
2024-07-31$0.64$0.67+4.7%$1.9B$1.8B−5.4%
2024-05-01$1.92$1.97+2.6%$2.9B$2.7B−8.3%
2024-02-01$1.10$1.100.0%$3.0B$2.2B−25.3%
2023-10-31$0.91$1.00+9.9%$2.0B$2.0B−3.2%
2023-08-01$0.85$0.92+8.2%$2.1B$1.8B−10.9%
2023-05-01$1.59$1.61+1.3%$2.9B$2.9B+1.2%
2023-02-02$0.75$0.80+6.7%$1.9B$2.6B+33.3%
2022-11-01$0.86$0.96+11.6%$1.8B$2.0B+9.6%
2022-08-02$0.85$0.91+7.1%$1.8B$2.1B+19.3%
2022-05-02$1.67$1.79+7.2%$2.7B$2.9B+6.5%
2022-02-03$0.68$0.71+4.4%$1.7B$2.2B+28.2%
2021-11-02$0.79$0.92+16.5%$1.7B$1.7B+5.8%
2021-08-03$0.79$0.87+10.1%$1.6B$1.7B+5.0%
2021-05-03$1.47$1.61+9.5%$2.2B$2.7B+22.1%
2021-02-04$0.73$0.76+4.1%$2.1B$1.9B−8.2%
2020-11-03$0.76$0.84+10.5%$1.5B$1.7B+10.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.306-220.206-290.207-060.207-130.307-200.407-270.308-030.408-100.308-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$214.7M2,020,67153,340
2026-08-24$204.7M1,913,74650,348
2026-08-17$284.4M2,594,97867,628
2026-08-10$402.7M3,705,52383,945
2026-08-03$266.2M2,454,41269,807
2026-07-27$364.6M3,243,45683,320

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1563.5%
DateShort shareShort volumeTotal volume
2026-10-1563.5%757,5021,193,037
2026-10-1473.6%627,350852,095
2026-10-1375.9%916,5971,207,047
2026-10-1268.5%771,0111,125,239
2026-10-0942.4%233,366550,993
2026-10-0846.3%335,590724,951
2026-10-0744.7%324,795727,251
2026-10-0633.3%314,939945,083
2026-10-0556.0%428,223764,926
2026-10-0258.3%527,594904,853
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.9Jan-0.9Feb+3.3Mar+1.7Apr-0.3May-0.7Jun+2.7Jul+1.1Aug-0.8Sep+2.3Oct+1.3Nov+0.9Dec
MonthAvg returnUp yearsYears
Jan+1.9%60%20
Feb−0.9%45%20
Mar+3.3%76%21
Apr+1.7%65%20
May−0.3%45%20
Jun−0.7%45%20
Jul+2.7%75%20
Aug+1.1%65%20
Sep−0.8%45%20
Oct+2.3%65%20
Nov+1.3%60%20
Dec+0.9%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1467.5
MFI76.1
ADX24.6
Stochastic %K / %D88.6 / 91.3
Williams %R-3.9
CCI207
TSI / signal7.6 / -10.6
Chaikin money flow0.05
ATR$1.80
Bollinger width8.3%
Volume vs 20-day avg1.08x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$103.26 (+5.3%)
SMA 50$105.30 (+3.2%)
SMA 200$109.93 (−1.1%)
EMA 21$104.51 (+4.0%)
EMA 50$105.58 (+3.0%)
EMA 200$108.07 (+0.6%)
Bollinger upper$107.55 (+1.1%)
Bollinger lower$98.98 (+9.8%)
Parabolic SAR$103.32 (+5.2%)
Open the live chart, 110+ indicators

About WEC Energy Group, Inc.

WEC Energy Group, Inc. is a major energy provider operating across the United States, delivering regulated natural gas and electricity, as well as both regulated and non-regulated renewable energy services. The company's operations are divided into six main business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its electricity generation relies on a diverse portfolio of sources, including coal, natural gas, oil, hydroelectric, wind, solar, and biomass. Beyond power generation, WEC Energy Group also provides electric transmission services, manages retail natural gas distribution, handles natural gas transportation, and is involved in the production, distribution, and sale of steam. As of December 31, 2021, the company's vast infrastructure network included approximately 35,800 miles of overhead electricity distribution lines and 35,600 miles of underground cables. This electrical system was supported by 440 distribution substations and 510,500 line transformers. For natural gas, its network comprised 50,900 miles of distribution mains, 1,200 miles of transmission mains, 2.3 million lateral services, and 500 distribution and transmission gate stations. Furthermore, WEC Energy Group managed 68.2 billion cubic feet of working gas capacity within its underground natural gas storage facilities. The company, founded in 1981, was previously known as Wisconsin Energy Corporation until it officially adopted the name WEC Energy Group, Inc. in June 2015. Its corporate headquarters are located in Milwaukee, Wisconsin.

https://www.wecenergygroup.com

Key executives

NameTitlePayBorn
Scott J. LauberChairman, President & CEO$5.3M1966
Xia LiuExecutive Vice President & Chief Financial Officer$2.9M1970
Michael W. HooperExecutive Vice President, Chief Operating Officer and President of We Energies & Wisconsin Public Service$2.4M1974
Margaret C. KelseyEVice President, General Counsel, Corporate Secretary & Compliance Officer$1.9M1965
Robert GarvinExecutive Vice President of External Affairs$1.6M1967
James A. SchubilskeVice President & Chief Audit Officer—1966
Mary Beth StrakaSenior Vice President of Corporate Communications & Investor Relations—1965
Molly A. MulroyExecutive VP & Chief Administrative Officer - WBS—1976

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Scott J. Lauber President and CEO2025$1.2M$5.4M$3.5M$12.2M
Xia Liu Executive Vice President and CFO2025$873,385$1.8M$1.5M$5.1M
Michael W. Hooper Executive Vice President and COO2025$690,801$1.1M$1.2M$3.6M
Margaret C. Kelsey Executive Vice President, General Counsel and Corporate Secretary2025$664,661$948,123$1.0M$3.0M
Robert M. Garvin Executive Vice President - External Affairs2025$612,789$868,419$923,403$2.8M

Employees

8k20188k20197k20207k20217k20227k20237k20247k2025

Dividends

Ex-dateAmountPaid
2026-08-14$0.95252026-09-01
2026-05-14$0.95252026-06-01
2026-02-13$0.95252026-03-01
2025-11-14$0.89252025-12-01
2025-08-14$0.89252025-09-01
2025-05-14$0.89252025-06-01
2025-02-14$0.89252025-03-01
2024-11-14$0.8352024-12-01

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage32
Intangibles61
Switching costs57
Network effect28
Efficient scale47
Our component scores (0-100) and overall 47.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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