WEC Energy Group (WEC)
Utilities · Regulated electric and natural gas utilities
Midwest-focused regulated utility generating steady earnings through electricity, natural gas, and steam distribution while managing transition from coal plants to renewable energy sources.
What WEC Energy Group does
WEC Energy Group is a regulated utility company that provides electricity, natural gas, and steam services to customers across Wisconsin, Illinois, and Michigan through its subsidiaries including Wisconsin Electric Power Company, The Peoples Gas Light and Coke Company, and Wisconsin Gas LLC. The company operates generation facilities, transmission and distribution systems, and engages in renewable energy projects. It serves both retail customers and participates in wholesale power markets under regulatory oversight from state utility commissions.
Themes: ["Regulated utilities","Energy transition","Renewable energy integration","Grid modernization","Natural gas distribution","Coal-to-renewables transition","Midwest utility infrastructure","Energy affordability"]
Fundamentals
- Price$116.24 as of 2026-07-08 close
- Market cap$38.5B as of 2026-07-09
- 1-year return+12.1% as of 2026-07-08 close
- P/E23.47 as of 2026-07-09
- Net margin+16.8% as of 2026-07-09
- Gross margin+35.8% as of 2026-07-09
- ROE+12.0% as of 2026-07-09
- Debt / equity1.58 as of 2026-07-09
- Revenue growth (YoY)+10.0% as of 2026-07-09
- Revenue CAGR (3y)+0.7% SEC XBRL
- Beta0.46 as of 2026-07-09
Dividend: yield +3.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: Rate recovery is subject to regulatory approval and may not fully recover prudently incurred costs; recent ICC orders have disallowed certain capital costs and imposed compliance directives with potential civil penalties","Regulatory lag and capital cost deferrals: Regulatory assets are subject to review and approval for future recovery; changes in political and regulatory environments could impair cost recovery and force cancellation or delay of capital projects","Environmental and emissions compliance: The company faces substantial costs related to coal combustion residuals, greenhouse gas regulations, MATS compliance, and decommissioning aging generating facilities, with uncertain recovery prospects"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.