Wec Energy Group, Inc. (WEC)
Utilities · Electric Utilities · US stock · S&P 500 component
$112.15
▲ +3.65 (3.36%)
Fair valueFair
$124 +10.8% to fair value
$62fair band $106–$151$186
Day's range
$108.48 – $112.23
52-week range
$99.80 – $119.91
About Wec Energy Group, Inc.
Homes and businesses in Wisconsin, and to a lesser extent Illinois, receive electricity and natural gas from the utilities owned by WEC Energy Group. Its utilities include We Energies and Wisconsin Public Service, and it owns stakes in transmission and power generation assets. Rates charged to customers are set by state regulators, and the group is organised into regulated utility segments for each service area.
Most revenue comes from regulated charges for electricity and gas, set so the utilities can recover costs and earn an allowed return. Revenue was $10.1 billion over the last twelve months, with growth of 0.7% a year across the last three years. The operating margin is 22.8%, and the business earns a profit of 6% on the capital invested in it. Net debt is 5.9 times EBITDA. The dividend yield is 3.3%. On the site's X-Ray Score it receives 51 out of 100.
Price chart
52-wk range $99.80 – $119.91Volume 2,989,330Daily, split-adjusted
Vitals
Market cap$36.9B
52-week range$99.80 – $119.91
Volume (last day)2,989,330
P/E (TTM)21.6
EBIT / EV yield3.9%
Free-cash-flow yield–
Dividend yield3.3%
Revenue (TTM)$10.1B
Net income (TTM)$1.7B
Operating margin22.8%
Return on capital5.6%
Debt incl. leases$22.6B
Cash & securities$50M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$124middle half of models $103 – $144
Fair
+10.8% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $112
Undervalued < $106Fair $106 – $151Overvalued > $151
P/E multiple
$112
P/B multiple
$110
P/S multiple
$103
EV/EBITDA multiple
$110
EV/EBIT multiple
$103
EV/revenue multiple
$99
10-year DCF, EBITDA exit
$164
5-year DCF, EBITDA exit
$144
10-year DCF, revenue exit
$162
5-year DCF, revenue exit
$142
10-year DCF, growth exit
$121
5-year DCF, growth exit
$97
Dividend discount, stable
$189
Dividend discount, multi-stage · not used
$359
Earnings power value
$85
Growth the price implies
10.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
50/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.9%
Fair value vs price1.1×
Growth
Weak
41/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.7%
EPS growth (3y)2.6%
Growth consistency70%
Profitability
Fair
61/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.6%
Operating margin22.8%
Gross profitability12.6%
Financial health
Weak
41/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA5.9×
Interest cover2.5×
Dividends
Fair
65/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.3%
Dividend growth7.7%
Quarterly results: last 6 quarters
+17.5%
Mar '25
+13.4%
Jun '25
+12.9%
Sep '25
+11.1%
Dec '25
+9.0%
Mar '26
+2.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.1B.
Compare with peers
EIX Edison International71 ES Eversource Energy65 EXC Exelon Corp62 DUK Duke Energy CORP58Other Electric Utilities companies by X-Ray Score.
SWOT analysis: Wec Energy Group, Inc.
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital is only 5.6% (median 5.5% for industry peers), so the business earns little above its cost of capital.
- Net debt is 5.9x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 2.5x.
- Altman Z-score of 0.9 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Revenue growth picked up to 14.0% last year from 0.7% a year over three years.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Our Market Compass rates the backdrop for Utilities as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare WEC with peers and sector
Medians of 14 Electric Utilities peers and of 30 Utilities stocks in our universe.
Largest peers (X-Ray Score): SO 45, DUK 58, CEG 49, AEP 58, ETR 43, VST 53.
| Metric | WEC | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 51 | 52 | 50 |
| Valuation | 50 | 49 | 49 |
| Growth | 41 | 58 | 53 |
| Profitability | 61 | 53 | 49 |
| Financial health | 41 | 55 | 52 |
| Dividends | 65 | 49 | 53 |
Sector leaders: highest X-Ray Score in Utilities
WEC ranks #15 of 31 in Utilities and #8 of 15 in Electric Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for WEC
Each factor is rated by where WEC stands among the 31 Utilities stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 5 Average · 8 Bad of 20
Growth: 1 · 0 · 2
Profitability: 4 · 1 · 0
Financial strength: 0 · 2 · 2
Valuation: 0 · 1 · 3
Cash flow: 2 · 1 · 0
Efficiency: 0 · 0 · 1
| Factor | WEC | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +0.7% | Bad beats 32% | +3.4% | – | – |
| Revenue growth, last year | +14.0% | Good beats 85% | +9.6% | +14.0% | ≈ In line |
| EPS growth, 3 years a year | +2.6% | Bad beats 17% | +8.1% | – | – |
| Profitability | |||||
| Gross margin | 65.7% | Good beats 74% | 47.1% | 64.1% | ≈ In line |
| Operating margin | 22.8% | Average beats 48% | 22.9% | 21.5% | ≈ In line |
| Net margin | 16.7% | Good beats 68% | 14.4% | 15.6% | ≈ In line |
| Return on invested capital | 5.6% | Good beats 69% | 5.5% | – | – |
| Return on equity | 11.6% | Good beats 79% | 10.1% | 11.7% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 5.9x | Average beats 48% | 5.8x | 5.7x | ≈ In line |
| Interest cover | 2.5x | Average beats 56% | 2.5x | 2.6x | ≈ In line |
| Current ratio | 0.53 | Bad beats 21% | 0.78 | 0.60 | ≈ In line |
| Piotroski F-score | 4 / 9 | Bad beats 13% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 21.8x | Average beats 50% | 21.8x | 21.0x | ≈ In line |
| Price / book | 2.5x | Bad beats 21% | 2.1x | 2.4x | ≈ In line |
| Price / sales | 3.6x | Bad beats 25% | 2.9x | 3.5x | ≈ In line |
| EV / EBITDA | 15.5x | Bad beats 27% | 14.0x | 15.1x | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 35.3% | Good beats 92% | -9.1% | 33.9% | ≈ In line |
| Cash from operations / net income | 2.11 | Average beats 40% | 2.20 | 2.11 | ≈ In line |
| Accruals (lower is better) | −3.6% | Good beats 69% | −3.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 55 days | Bad beats 14% | 44 days | 69 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 4 Average · ● 6 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $8.3B | $9.6B | $8.9B | $8.6B | $9.8B |
| Operating income | $1.7B | $1.9B | $1.9B | $2.2B | $2.2B |
| Net income | $1.3B | $1.4B | $1.3B | $1.5B | $1.6B |
| Operating cash flow | $2.0B | $2.1B | $3.0B | $3.2B | $3.4B |
| Operating margin | 20.6% | 20.0% | 21.5% | 25.0% | 22.9% |
| Free cash flow | −$340M | −$636M | – | – | – |
| Diluted EPS | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 107.2 | Bullish |
| EMA 10 | 107.6 | Bullish |
| SMA 20 | 104.7 | Bullish |
| EMA 20 | 106.1 | Bullish |
| SMA 50 | 105.5 | Bullish |
| EMA 50 | 106.1 | Bullish |
| SMA 100 | 108.8 | Bullish |
| EMA 100 | 107.6 | Bullish |
| SMA 200 | 110.0 | Bullish |
| EMA 200 | 108.1 | Bullish |
Oscillators (daily)
| RSI (14) | 71.18 | Bearish |
| MACD (12, 26) | 1.37 | Bullish |
| Momentum (12) | 8.68 | Bullish |
| Stochastic %K (14) | 99.34 | Bearish |
| Williams %R (14) | -0.66 | Bearish |
| CCI (20) | 166.0 | Bearish |
Pivot points (classic, last session)
S3 105.9 | S2 107.2 | S1 109.7 | Pivot 111.0 | R1 113.4 | R2 114.7 | R3 117.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.75 USD
Yield on today's price
3.34%
Frequency
Quarterly
Next ex-dividend date
13 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.9525 |
| 0.9525 | |
| 0.9525 | |
| 0.9525 | |
| 0.8925 | |
| 0.8925 | |
| 0.8925 | |
| 0.8925 | |
| 0.8350 | |
| 0.8350 | |
| 0.8350 | |
| 0.8350 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold WEC
| ETF | Share of the fund |
|---|---|
| XLU Utilities Select Sector SPDR | 2.68% |
| VPU Vanguard Utilities | 2.38% |
| FUTY Fidelity MSCI Utilities Index | 2.32% |
| IDU iShares U.S. Utilities | 2.20% |
| EMLP First Trust North American Energy Infr... | 1.41% |
| SDY SPDR S&P Dividend | 1.41% |
| SPLV Invesco S&P 500 Low Volatility | 1.24% |
| IFRA iShares U.S. Infrastructure | 1.03% |
The eight funds with the largest weight in WEC among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
WEC stock splits
WEC has split its stock 2 times since 1992. The latest was a 2-for-1 split on 2 Mar 2011.
Full WEC stock split history →WEC SEC filings
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.