WEC Energy Group (WEC)
Operator of regulated electric and gas utilities across four Midwestern states.
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Generates and distributes electricity and delivers natural gas through regulated utilities in Wisconsin, Illinois, Michigan and Minnesota, with Wisconsin operations at the core. Earnings also include a majority-owned electric transmission company, leased generation, renewable projects and natural gas storage; regulators set rates and determine recovery on utility investment.
Generates and distributes electricity and delivers natural gas through regulated utilities across Wisconsin, Illinois, Michigan and Minnesota. We Energies and Wisconsin Public Service anchor the Wisconsin operations; Peoples Gas and North Shore Gas serve Illinois, while Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources cover smaller territories in Michigan and Minnesota.
Builds and maintains generation, electric distribution and gas networks, pairing utility capital programs with a majority interest in American Transmission Co. We Power owns generation leased to We Energies, while WEC Infrastructure holds renewable projects and Bluewater owns Michigan gas storage.
Most earnings come from regulated utility operations. State commissions set customer rates and determine recovery and returns on utility investment, while federal and state regulators oversee transmission and other operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Truist Financial | Target | Target: $119 | Target: $114 |
| Jul 22, 2026 | BMO Capital | Reiterate | Rating: —Target: $121 | Target: $117 |
| May 18, 2026 | Truist Financial | Target | Target: $124 | Target: $119 |
| May 6, 2026 | Mizuho Securities | Target | Target: $121 | Target: $124 |
| Apr 21, 2026 | Wells Fargo | Target | Target: $117 | Target: $127 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $50.0M · Total debt $22.98B · Total assets $52.75B · Shareholders' equity $14.13B
- Revenue
- $2.06B
- Operating income
- $432.8M
- Net income
- $299.5M
HistoryDividendAnnual yield
| Institutions | 87.75% | 285.67M shares | |
|---|---|---|---|
| 1,426 holders · as of Jun 30, 2026 | |||
| Insiders | 0.16% | 506.4K shares | |
| 25 holders · as of Sep 3, 2026 | |||
| Other | 12.09% | 39.36M shares | |
| remainder | |||
325.53M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.24% | 33.32M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 21.26M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.48% | 21.09M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.18% | 16.88M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.84% | 9.24M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Ulice Jr Payne | director | −980 | $105.58 |
| May 19, 2026 | Daniel Krueger | officer: EVP WEC Infrastructure | −4,665 | $110.96 |
| Feb 24, 2026 | Ulice Jr Payne | director | −1,450 | $114.60 |
| Feb 23, 2026 | Gale E. Klappa | director | −3,180 | $115.44 |
| Feb 13, 2026 | Mary Beth Straka | officer: Sr. VP-Corp Comm & Inv Rel | −2,815 | $115.50 |
- Alliant Energy
Wisconsin electric peer; Columbia Energy Center co-owner; 3 GW data-center ESAs.
- Xcel Energy
Wisconsin electric presence; 6 GW data-center target by 2027; $60B capex plan.
- DTE Energy
Michigan's largest utility; Oracle 1.4 GW deal; $30B capex for hyperscale.
- CMS Energy
Michigan duopoly partner; 9 GW data-center pipeline; WEC's Michigan gas peer.
- Ameren
Illinois gas and electric peer; adjacent to Peoples Gas Chicago territory.
- NiSource
Adjacent Midwest gas franchises; closest WEC gas-distribution financial peer.
- Evergy
Kansas/Missouri electric peer; 15+ GW data-center pipeline; MISO competitor.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WEC Energy Group | $103.56 | +0.08% | $33.71B | 20.1 | 19.4 | 3.3 | +2.6% |
| Alliant Energy | $65.17 | +0.31% | $16.78B | 20.6 | 18.8 | 3.8 | +1.0% |
| Xcel Energy | $72.11 | +0.36% | $44.88B | 19.6 | 17.0 | 3.1 | −5.1% |
| DTE Energy | $126.55 | +0.33% | $26.25B | 19.8 | 15.5 | 1.6 | −1.5% |
| CMS Energy | $64.85 | +0.23% | $20.29B | 19.1 | 15.6 | 2.3 | −0.5% |
| Ameren | $101.98 | +0.15% | $28.18B | 17.9 | 18.6 | 3.2 | −5.8% |
| NiSource | $40.47 | −0.14% | $19.42B | 21.6 | 18.7 | 2.8 | +4.6% |
| Evergy | $79.69 | +0.54% | $18.27B | 20.1 | 17.8 | 3.0 | +4.4% |
| Median | 19.8 | 17.8 | 3.0 | −0.5% |