Market Summary
USD78.24+1.21
Market Closed1.57%
WEC Alerts
WEC Stock Price
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WEC Valuation
WEC Price/Sales (Trailing)
WEC Profitability
WEC Fundamentals
WEC Revenue
WEC Earnings
Price Action
52 Week Range
75.47101.11
(Low)(High)
Last 7 days
-9.1%
Last 30 days
-7.3%
Last 90 days
-13.8%
Trailing 12 Months
-12.5%
WEC Financial Health
WEC Investor Care
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Net sales
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Latest Insider Trading transactions for WEC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-03 | Lauber Scott J | sold (taxes) | -5,669 | 88.59 | -64.00 | president and ceo |
2023-06-01 | Liu Xia | sold (taxes) | -94,063 | 86.615 | -1,086 | evp and cfo |
2023-05-09 | PAYNE ULICE JR | sold | -141,534 | 94.356 | -1,500 | - |
2023-01-04 | Guc William J | sold (taxes) | -4,834 | 94.79 | -51.00 | vice president & controller |
2023-01-04 | Lauber Scott J | sold (taxes) | -32,892 | 94.79 | -347 | president and ceo |
2023-01-04 | Straka Mary Beth | sold (taxes) | -4,549 | 94.79 | -48.00 | sr. vp-corp comm & inv rel |
2023-01-04 | Mulroy Molly A | sold (taxes) | -5,023 | 94.79 | -53.00 | evp & chief admin officer |
2023-01-04 | Liu Xia | sold (taxes) | -30,522 | 94.79 | -322 | evp and cfo |
2023-01-04 | Mastoris William | sold (taxes) | -3,222 | 94.79 | -34.00 | evp-cust. svc. and operations |
2023-01-04 | KELSEY MARGARET C | sold (taxes) | -17,346 | 94.79 | -183 | executive vp & general counsel |
Which funds bought or sold WEC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-10-02 | PARK NATIONAL CORP /OH/ | reduced | -3.84 | -42,992 | 308,909 | 0.01% |
2023-09-26 | DecisionPoint Financial, LLC | unchanged | - | -164 | 2,206 | -% |
2023-09-26 | BROOKFIELD Corp /ON/ | added | 7,374 | 29,909,600 | 30,345,700 | 0.12% |
2023-09-21 | Jefferies Group LLC | new | - | 333,574 | 333,574 | -% |
2023-09-21 | Baystate Wealth Management LLC | added | 1.54 | -379 | 5,859 | -% |
2023-09-20 | BARCLAYS PLC | added | 69.87 | 18,493,000 | 50,307,000 | 0.03% |
2023-09-13 | CGC Financial Services, LLC | new | - | 10,589 | 10,589 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -16.68 | -43,223 | 149,390 | 0.03% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -478 | 6,442 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 138,802 | 138,802 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
WEC Alerts
Schedule 13G FIlings of WEC Energy Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 13.34% | 42,077,122 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 9.5% | 29,967,088 | SC 13G/A | |
| Feb 07, 2023 | state street corp | 6.00% | 18,930,010 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 5.47% | 17,239,190 | SC 13G/A | |
| Feb 11, 2022 | magellan asset management ltd | 4.81% | 15,185,727 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 12.34% | 38,931,251 | SC 13G/A | |
| Jan 10, 2022 | blackrock inc. | 10.5% | 33,040,366 | SC 13G/A | |
| Feb 11, 2021 | state street corp | 5.23% | 16,488,526 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 12.28% | 38,730,468 | SC 13G/A | |
| Feb 10, 2021 | magellan asset management ltd | 7.14% | 22,508,662 | SC 13G |
Recent SEC filings of WEC Energy Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 424B2 | Prospectus Filed | |
| Sep 05, 2023 | FWP | Prospectus Filed | |
| Sep 05, 2023 | 424B5 | Prospectus Filed | |
| Sep 01, 2023 | 8-K | Current Report | |
| Aug 09, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 12, 2023 | 4 | Insider Trading | |
| Jul 12, 2023 | 4 | Insider Trading |
WEC Fair Value
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Peers (Alternatives to WEC Energy Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ED | 28.2B | 15.5B | -7.62% | -3.98% | 11.48 | 1.82 | 7.17% | 56.52% |
PEG | 27.2B | 11.6B | -9.60% | -2.74% | 9.78 | 2.35 | 23.95% | 380.81% |
WEC | 24.3B | 9.3B | -7.32% | -12.49% | 28.8 | 2.62 | 3.28% | 5.19% |
AEE | 18.7B | 8.2B | -9.33% | -10.42% | 16.67 | 2.29 | 17.43% | 10.55% |
CMS | 14.8B | 8.1B | -8.70% | -11.75% | 19.99 | 1.81 | 1.11% | -44.47% |
NI | 9.6B | 5.9B | -12.73% | -7.12% | 13.64 | 1.64 | 7.85% | -2.88% |
| MID-CAP | ||||||||
UGI | 4.6B | 9.5B | -13.10% | -32.08% | -3.32 | 0.49 | -1.58% | -202.58% |
BKH | 3.2B | 2.6B | -12.44% | -28.57% | 13.19 | 1.23 | 15.42% | -7.80% |
NWE | 2.9B | 1.5B | -5.58% | -4.43% | 16.64 | 1.94 | 8.24% | 0.19% |
AVA | 2.4B | 1.7B | -6.86% | -15.17% | 16.46 | 1.36 | 9.61% | -2.55% |
SJW | 1.9B | 641.5M | -10.71% | 1.95% | 20.98 | 2.89 | 10.61% | 68.66% |
| SMALL-CAP | ||||||||
UTL | 680.8M | 595.3M | -13.65% | -8.21% | 15.72 | 1.14 | 12.45% | 5.87% |
GNE | 374.8M | 361.4M | -4.95% | 57.18% | 5.77 | 1.04 | 16.69% | -15.66% |
MSEX | 1.1M | 167.5M | -12.84% | -16.38% | 0.03 | 0.01 | 11.84% | -6.17% |
WEC Energy Group News
Returns for WEC
Cumulative Returns on WEC
10%
10-Year Cumulative Returns
6.9%
7-Year Cumulative Returns
5.6%
5-Year Cumulative Returns
-5.3%
3-Year Cumulative Returns
Risks for WEC
What is the probability of a big loss on WEC?
51.9%
Probability that WEC Energy Group stock will be more than 20% underwater in next one year
0%
Probability that WEC Energy Group stock will be more than 30% underwater in next one year.
0%
Probability that WEC Energy Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WEC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if WEC Energy Group was unfortunately bought at previous high price.
Drawdowns
Financials for WEC Energy Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -3.1% | 9,280 | 9,577 | 9,597 | 9,241 | 8,984 | 8,533 | 8,316 | 8,048 | 7,952 | 7,825 | 7,242 | 7,256 | 7,213 | 7,254 | 7,523 | 7,652 | 7,688 | 7,770 | 7,680 | 7,658 | 7,672 |
| EBITDA | -100.0% | - | 3,339 | 3,370 | 3,257 | 3,204 | 3,169 | 3,044 | 3,055 | 3,007 | 2,954 | 2,899 | 2,896 | 2,820 | 2,762 | 2,688 | 2,601 | 2,571 | 2,563 | 2,521 | 2,635 | 2,710 |
| EBITDA Margin | -100.0% | - | 0.35* | 0.35* | 0.35* | 0.36* | 0.37* | 0.37* | 0.38* | 0.38* | 0.38* | 0.40* | 0.40* | 0.39* | 0.38* | 0.36* | 0.34* | 0.33* | 0.33* | 0.33* | 0.34* | 0.35* |
| Interest Expenses | 10.3% | 629 | 570 | 515 | 479 | 469 | 469 | 471 | 475 | 479 | 484 | 494 | 503 | 507 | 507 | 502 | 492 | 478 | 463 | 445 | 433 | 424 |
| Earnings Before Taxes | -0.8% | 1,607 | 1,619 | 1,733 | 1,666 | 1,630 | 1,609 | 1,499 | 1,531 | 1,506 | 1,472 | 1,429 | 1,430 | 1,362 | 1,317 | 1,260 | 1,201 | 1,206 | 1,237 | 1,230 | 1,369 | 1,464 |
| EBT Margin | -100.0% | - | 0.17* | 0.18* | 0.18* | 0.18* | 0.19* | 0.18* | 0.19* | 0.19* | 0.19* | 0.20* | 0.20* | 0.19* | 0.18* | 0.17* | 0.16* | 0.16* | 0.16* | 0.16* | 0.18* | 0.19* |
| Net Income | 0.3% | 844 | 842 | 1,410 | 815 | 802 | 514 | 1,299 | 527 | 505 | 506 | 506 | 511 | 478 | 714 | 1,134 | 1,095 | 1,094 | 1,089 | 1,059 | 1,287 | 1,269 |
| Net Income Margin | -100.0% | - | 0.14* | 0.15* | 0.09* | 0.15* | 0.16* | 0.16* | 0.16* | 0.16* | 0.16* | 0.17* | 0.17* | 0.16* | 0.16* | 0.15* | 0.14* | 0.11* | 0.08* | 0.08* | 0.11* | 0.14* |
| Free Cashflow | 100.0% | - | -642 | - | -182 | 374 | 660 | -137 | 82.00 | -79.53 | -223 | 38.00 | 296 | 176 | 102 | -92.60 | -160 | -133 | -49.10 | 28.00 | 200 | 240 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.5% | 43,019 | 42,796 | 41,872 | 40,761 | 39,607 | 38,975 | 38,989 | 38,401 | 37,795 | 37,601 | 37,028 | 35,422 | 35,042 | 34,832 | 34,952 | 34,377 | 33,934 | 33,737 | 33,476 | 32,562 | 31,938 |
| Current Assets | -13.4% | 2,458 | 2,839 | 3,188 | 2,771 | 2,643 | 2,563 | 2,657 | 2,409 | 2,278 | 2,356 | 2,083 | 1,727 | 1,713 | 1,845 | 2,094 | 1,773 | 1,839 | 2,008 | 2,248 | 1,840 | 1,810 |
| Cash Equivalents | 53.2% | 55.00 | 36.00 | 29.00 | 29.00 | 105 | 120 | 88.00 | 109 | 100 | 90.00 | 25.00 | 61.00 | 62.00 | 66.00 | 82.00 | 67.00 | 91.00 | 89.00 | 146 | 15.00 | 30.00 |
| Net PPE | 2.1% | 31,010 | 30,379 | 29,114 | 28,575 | 27,626 | 27,110 | 26,982 | 26,623 | 26,266 | 25,994 | 25,707 | 24,552 | 24,172 | 23,797 | 23,620 | 23,035 | 22,536 | 22,193 | 22,001 | 21,664 | 21,078 |
| Goodwill | 0% | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 | 3,053 |
| Current Liabilities | 8.8% | 4,097 | 3,766 | 4,611 | 3,370 | 3,818 | 3,264 | 3,753 | 3,693 | 3,374 | 3,715 | 4,148 | 2,840 | 3,485 | 2,848 | 3,183 | 2,818 | 3,362 | 2,890 | 3,332 | 3,603 | 3,053 |
| Short Term Borrowings | -13.6% | 1,090 | 1,261 | 1,647 | 1,260 | 1,629 | 1,450 | 1,897 | 1,509 | 1,425 | 1,580 | 1,777 | 771 | 1,212 | 827 | 831 | - | - | - | - | - | - |
| Long Term Debt | -1.4% | 15,608 | 15,827 | 14,766 | 14,911 | 13,523 | 13,514 | 13,524 | 12,678 | 12,696 | 12,318 | 11,728 | 11,653 | 10,722 | 11,195 | 11,211 | - | - | - | 9,994 | - | - |
| LT Debt, Current | - | - | - | 809 | - | - | - | 91.00 | - | - | - | 778 | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | - | - | - | 14,656 | - | - | - | 13,472 | - | - | - | 11,673 | - | - | - | - | 10,897 | 9,921 | 10,327 | 9,994 | 9,119 | 9,209 |
| Shareholder's Equity | 0.4% | 12,031 | 11,988 | 11,617 | 11,596 | 11,491 | 11,445 | 11,113 | 11,107 | 11,030 | 10,968 | 10,663 | 10,559 | 10,493 | 10,485 | 10,255 | 10,186 | 10,148 | 10,112 | 9,843 | 9,843 | 9,756 |
| Retained Earnings | 0.6% | 7,570 | 7,527 | 7,265 | 7,242 | 7,170 | 7,111 | 6,775 | 6,765 | 6,688 | 6,626 | 6,330 | 6,290 | 6,223 | 6,181 | 5,928 | 5,870 | 5,822 | 5,772 | 5,538 | 5,508 | 5,449 |
| Additional Paid-In Capital | 0.0% | 4,115 | 4,114 | 4,115 | 4,114 | 4,121 | 4,132 | 4,138 | 4,144 | 4,144 | 4,144 | 4,144 | 4,164 | 4,165 | 4,167 | 4,187 | 4,185 | 4,198 | 4,213 | 4,250 | 4,262 | 4,271 |
| Accumulated Depreciation | 1.8% | 10,717 | 10,532 | 10,384 | 10,349 | 10,183 | 10,041 | 9,889 | 9,799 | 9,625 | 9,481 | 9,365 | 9,309 | 9,158 | 9,042 | 8,879 | 8,808 | 8,705 | 8,589 | 8,516 | 8,589 | 8,512 |
| Shares Outstanding | 0% | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 315 | 316 | 316 | 316 | 316 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 15.3% | 2,052 | 1,780 | 2,061 | 2,086 | 2,569 | 2,714 | 2,033 | 2,253 | 2,043 | 1,901 | 2,196 | 2,455 | 2,434 | 2,300 | 2,346 | 2,278 | 2,223 | 2,287 | 2,446 | 2,341 | 2,325 |
| Cashflow From Investing | -6.6% | -3,806 | -3,572 | -2,642 | -2,609 | -2,174 | -2,108 | -2,311 | -2,932 | -2,875 | -2,885 | -2,806 | -2,323 | -2,434 | -2,351 | -2,494 | -2,398 | -2,454 | -2,555 | -2,384 | -2,408 | -2,214 |
| Cashflow From Financing | -0.6% | 1,789 | 1,801 | 676 | 530 | -389 | -575 | 294 | 727 | 870 | 1,008 | 601 | -136 | -27.50 | 28.00 | 86.00 | 147 | 269 | 285 | 26.00 | 69.00 | -116 |
| Dividend Payments | 1.8% | 951 | 934 | 918 | 902 | 886 | 871 | 855 | 841 | 827 | 812 | 798 | 785 | 771 | 758 | 745 | 733 | 721 | 709 | 697 | 687 | 677 |
| Buy Backs | -42.5% | 30.00 | 53.00 | 69.00 | 86.00 | 70.00 | 50.00 | 33.00 | 58.00 | 60.00 | 65.00 | 99.00 | 59.00 | 84.00 | 110 | 140 | 169 | 159 | 127 | 72.00 | 53.00 | 51.00 |
WEC Income Statement
2023-06-30CONDENSED CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Operating revenues | $ 1,830.0 | $ 2,127.9 | $ 4,718.1 | $ 5,036.0 |
| Operating expenses | ||||
| Cost of sales | 533.0 | 935.0 | 1,842.7 | 2,318.4 |
| Other operation and maintenance | 496.0 | 449.0 | 1,030.0 | 903.4 |
| Depreciation and amortization | 313.9 | 279.6 | 619.4 | 557.7 |
| Property and revenue taxes | 61.8 | 56.1 | 131.4 | 116.9 |
| Total operating expenses | 1,404.7 | 1,719.7 | 3,623.5 | 3,896.4 |
| Operating income | 425.3 | 408.2 | 1,094.6 | 1,139.6 |
| Equity in earnings of transmission affiliates | 43.6 | 43.0 | 87.4 | 84.7 |
| Other income, net | 48.3 | 19.8 | 89.1 | 59.4 |
| Interest expense | 178.7 | 119.8 | 350.9 | 237.4 |
| Other expense | (86.8) | (57.0) | (174.4) | (93.3) |
| Income before income taxes | 338.5 | 351.2 | 920.2 | 1,046.3 |
| Income tax expense | 48.5 | 63.4 | 122.6 | 190.5 |
| Net income | 290.0 | 287.8 | 797.6 | 855.8 |
| Preferred stock dividends of subsidiary | 0.3 | 0.3 | 0.6 | 0.6 |
| Net loss (income) attributed to noncontrolling interests | 0.0 | 0.0 | 0.2 | (1.8) |
| Net income attributed to common shareholders | $ 289.7 | $ 287.5 | $ 797.2 | $ 853.4 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.92 | $ 0.91 | $ 2.53 | $ 2.71 |
| Diluted (in dollars per share) | $ 0.92 | $ 0.91 | $ 2.52 | $ 2.70 |
| Weighted average common shares outstanding | ||||
| Basic (in shares) | 315.4 | 315.4 | 315.4 | 315.4 |
| Diluted (in shares) | 315.9 | 316.2 | 315.9 | 316.2 |
WEC Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 54.7 | $ 28.9 |
| Accounts receivable and unbilled revenues, net of reserves of $178.7 and $199.3, respectively | 1,315.1 | 1,818.4 |
| Materials, supplies, and inventories | 603.7 | 807.1 |
| Prepaid taxes | 215.1 | 201.8 |
| Other prepayments | 42.8 | 69.8 |
| Collateral on deposit | 151.3 | 122.4 |
| Other | 74.9 | 139.3 |
| Current assets | 2,457.6 | 3,187.7 |
| Long-term assets | ||
| Property, plant, and equipment, net of accumulated depreciation and amortization of $10,717.0 and $10,383.8, respectively | 31,010.4 | 29,113.8 |
| Regulatory assets (June 30, 2023 and December 31, 2022 include $89.5 and $92.4, respectively, related to WEPCo Environmental Trust) | 3,238.9 | 3,264.6 |
| Equity investment in transmission affiliates | 1,955.9 | 1,909.2 |
| Goodwill | 3,052.8 | 3,052.8 |
| Pension and OPEB assets | 951.0 | 916.7 |
| Other | 352.7 | 427.3 |
| Long-term assets | 40,561.7 | 38,684.4 |
| Total assets | 43,019.3 | 41,872.1 |
| Current liabilities | ||
| Short-term debt | 1,090.3 | 1,647.1 |
| Current portion of long-term debt (June 30, 2023 and December 31, 2022 include $9.0 and $8.9, respectively, related to WEPCo Environmental Trust) | 1,377.5 | 881.2 |
| Accounts payable | 748.5 | 1,198.1 |
| Other | 880.6 | 884.6 |
| Current liabilities | 4,096.9 | 4,611.0 |
| Long-term liabilities | ||
| Long-term debt (June 30, 2023 and December 31, 2022 include $89.7 and $94.1, respectively, related to WEPCo Environmental Trust) | 15,608.3 | 14,766.2 |
| Deferred income taxes | 4,774.0 | 4,625.6 |
| Deferred revenue, net | 363.5 | 370.7 |
| Regulatory liabilities | 3,712.9 | 3,735.5 |
| Intangible liabilities | 621.6 | 335.4 |
| Asset Retirement Obligation | 502.9 | 479.3 |
| Environmental remediation liabilities | 475.8 | 499.6 |
| Other | 832.0 | 832.2 |
| Long-term liabilities | 26,891.0 | 25,644.5 |
| Commitments and contingencies (Note 23) | ||
| Common shareholders' equity | ||
| Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding | 3.2 | 3.2 |
| Additional paid in capital | 4,114.7 | 4,115.2 |
| Retained earnings | 7,570.4 | 7,265.3 |
| Accumulated other comprehensive loss | (6.9) | (6.8) |
| Common shareholders' equity | 11,681.4 | 11,376.9 |
| Preferred stock of subsidiary | 30.4 | 30.4 |
| Noncontrolling interests | 319.6 | 209.3 |
| Total liabilities and equity | $ 43,019.3 | $ 41,872.1 |
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.