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WEC Energy Group Inc Stock Research

WEC

90.21USD-1.70(-1.85%)Delayedas of 23 Mar 2023, 10:22 am

Market Summary

USD90.21-1.70
Delayedas of 23 Mar 2023, 10:22 am
-1.85%

WEC Stock Price

WEC RSI Chart

WEC Valuation

Market Cap

29.9B

Price/Earnings (Trailing)

21.23

Price/Sales (Trailing)

3.12

EV/EBITDA

13.25

Price/Free Cashflow

-144.62

WEC Price/Sales (Trailing)

WEC Profitability

EBT Margin

18.05%

Return on Equity

12.14%

Return on Assets

3.37%

Free Cashflow Yield

-0.69%

WEC Fundamentals

WEC Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

16.19%

Revenue Q/Q

27.73%

WEC Earnings

Earnings (TTM)

1.4B

Earnings Y/Y

12.69%

Earnings Q/Q

-16.41%

Price Action

52 Week Range

79.55106.50
(Low)(High)

Last 7 days

6.1%

Last 30 days

1.8%

Last 90 days

-1.9%

Trailing 12 Months

3.2%

WEC Financial Health

Current Ratio

0.69

Debt/Equity

1.27

Debt/Cashflow

0.14

WEC Investor Care

Dividend Yield

3.07%

Dividend/Share (TTM)

2.91

Diluted EPS (TTM)

4.45

Peers (Alternatives to WEC Energy Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
34.2B
15.7B
3.97% 8.49%
20.59
2.18
14.58% 23.33%
29.9B
9.6B
1.75% 3.15%
21.23
3.12
15.41% 8.56%
29.4B
9.8B
-4.39% -12.51%
28.53
3
0.80% 259.10%
22.5B
8.0B
-0.70% -3.03%
20.89
2.83
24.44% 8.44%
18.0B
8.6B
0.06% -6.32%
21.55
2.1
17.29% -38.14%
11.5B
5.9B
2.62% -4.32%
14.33
1.97
19.41% 37.48%
MID-CAP
7.4B
10.2B
-13.24% -1.41%
34.16
0.72
24.47% -79.76%
4.0B
2.6B
-3.52% -13.06%
15.51
1.57
30.92% 9.14%
3.4B
1.5B
-0.30% -3.55%
18.67
2.31
7.69% -2.05%
3.1B
1.7B
3.83% -6.08%
20.14
1.79
20.61% 5.32%
2.3B
620.7M
-1.69% 15.73%
31.49
3.75
8.19% 22.07%
SMALL-CAP
1.4B
162.4M
-11.55% -24.16%
31.93
8.34
13.48% 16.11%
886.7M
563.2M
5.51% 11.70%
21.42
1.57
18.99% 14.68%
278.1M
364.5M
-21.32% 49.86%
2.8
0.76
3.55% 9592.01%

Financials for WEC Energy Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.9%9,5979,2418,9848,5338,316
EBITDA3.5%3,3703,2573,2043,169-
EBITDA Margin-0.4%0.35*0.35*0.36*0.37*-
Earnings Before Taxes4.0%1,7331,6661,6301,6091,499
EBT Margin0.2%0.18*0.18*0.18*0.19*-
Interest Expenses7.6%515479469469471
Net Income73.0%1,4108158025141,299
Net Income Margin66.6%0.15*0.09*0.15*0.16*-
Free Cahsflow-13.6%-206-182374660-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.7%41,87240,76139,60738,97538,989
  Current Assets15.0%3,1882,7712,6432,5632,657
    Cash Equivalents1.4%29.0029.0030.0034.0016.00
  Net PPE1.9%29,11428,57527,62627,11026,982
  Goodwill0%3,0533,0533,0533,0533,053
  Current Liabilities36.8%4,6113,3703,8183,2643,753
.    Short Term Borrowings30.8%1,6471,2601,6291,4501,897
  Long Term Debt-1.0%14,76614,91113,52313,51413,524
    LT Debt, Current788.5%80991.00---
    LT Debt, Non Current8.8%14,65613,472---
Shareholder's Equity0.2%11,61711,59611,49111,44511,113
  Retained Earnings0.3%7,2657,2427,1707,1116,775
  Additional Paid-In Capital0.0%4,1154,1144,1214,1324,138
Accumulated Depreciation0.3%10,38410,34910,18310,0419,889
Shares Outstanding0%315315315315315
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-1.2%2,0612,0862,5692,7142,033
  Share Based Compensation-16.00----
Cashflow From Investing-1.3%-2,642-2,609-2,174-2,108-2,311
Cashflow From Financing27.6%676530-389-575294
  Dividend Payments1.8%918902886871855
  Buy Backs-19.3%69.0086.0070.0050.0033.00

Risks for WEC

What is the probability of a big loss on WEC?

42.3%


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

Returns for WEC

Cumulative Returns on WEC

12.2%


10-Year Cumulative Returns

10.4%


7-Year Cumulative Returns

12.0%


5-Year Cumulative Returns

1.3%


3-Year Cumulative Returns

What are the long-term rolling returns for WEC?

FIve years rolling returns for WEC Energy Group.

Annualized Returns

Which funds bought or sold WEC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-6.1
-13,719
798,281
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
17.23
3,493,220
18,741,200
0.02%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
49,457
1,064,460
-%
2023-03-10
MATHER GROUP, LLC.
reduced
-22.48
-124,161
538,839
0.01%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-28.52
-176,995
626,005
0.05%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
38.19
206,602
665,602
0.04%
2023-03-06
Rockefeller Capital Management L.P.
added
34.69
537,000
1,842,000
0.01%
2023-03-03
TIAA, FSB
added
7.81
163,307
1,415,310
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
876
10,876
0.01%
2023-03-01
Regal Investment Advisors LLC
reduced
-16.77
-37,903
262,097
0.03%

1–10 of 50

Latest Funds Activity

Are funds buying WEC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WEC
No. of Funds

WEC Energy Group News

Marketscreener.com

Commercially operated Wärtsilä engine runs on 25 vol% hydrogen blend, a world first.

Marketscreener.com,
85 minutes ago

Energy Storage News

Wisconsin Public Radio

Energetica India

Greentech Lead

Schedule 13G FIlings of WEC Energy Group

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

WEC Fair Value

WEC Energy Group fair value in different scenarios

The table shows the Fair Value estimates for WEC Energy Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

36.14

-59.94%

44.82

-50.32%

67.57

-25.10%

90.39

0.20%

113.59

25.92%
Current Inflation

33.24

-63.15%

40.67

-54.92%

59.73

-33.79%

78.78

-12.67%

98.08

8.72%
Very High Inflation

29.64

-67.14%

35.63

-60.50%

50.53

-43.99%

65.38

-27.52%

80.36

-10.92%

Historical WEC Energy Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of WEC Energy Group

View All Filings
Date Filed Form Type Document
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Feb 24, 2023
8-K
Current Report
Feb 23, 2023
10-K
Annual Report
Feb 13, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
SC 13G/A
Major Ownership Report
Feb 02, 2023
8-K
Current Report
Jan 20, 2023
8-K
Current Report

Latest Insider Trading transactions for WEC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-04
Lauber Scott J
sold (taxes)
-32,892
94.79
-347
president and ceo
2023-01-04
Krueger Daniel
sold (taxes)
-5,308
94.79
-56.00
evp wec infrastructure
2023-01-04
Reese Anthony
sold (taxes)
-3,507
94.79
-37.00
vice president and treasurer
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
Erickson Joshua M
sold (taxes)
-1,895
94.79
-20.00
vp and deputy general counsel
2023-01-04
Garvin Robert M
sold (taxes)
-13,175
94.79
-139
exec vice president - ext affs
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

1–10 of 50

Scott J. Lauber
6940
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.

WEC Income Statement

2022-12-31
Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Operating revenues$ 9,597.4$ 8,316.0$ 7,241.7
Operating expenses   
Cost of sales4,358.93,311.02,319.5
Other operation and maintenance1,938.02,005.52,032.2
Depreciation and amortization1,122.61,074.3975.9
Property and revenue taxes253.7210.3208.0
Total operating expenses7,673.26,601.15,535.6
Operating income1,924.21,714.91,706.1
Equity in earnings of transmission affiliates194.7158.1175.8
Other income, net128.8133.279.5
Interest expense515.1471.1493.7
Loss on debt extinguishment0.036.338.4
Other expense(191.6)(216.1)(276.8)
Income before income taxes1,732.61,498.81,429.3
Income tax expense322.9200.3227.9
Net income1,409.71,298.51,201.4
Preferred stock dividends of subsidiary1.21.21.2
Net (income) loss attributed to noncontrolling interests(0.4)3.0(0.3)
Net income attributed to common shareholders$ 1,408.1$ 1,300.3$ 1,199.9
Earnings per share   
Basic (in dollars per share)$ 4.46$ 4.12$ 3.80
Diluted (in dollars per share)$ 4.45$ 4.11$ 3.79
Weighted average common shares outstanding   
Basic (in shares)315.4315.4315.4
Diluted (in shares)316.1316.3316.5

WEC Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 28.9$ 16.3
Accounts receivable and unbilled revenues, net of reserves of $199.3 and $198.3, respectively1,818.41,505.7
Materials, supplies, and inventories807.1635.8
Prepaid Taxes201.8182.1
Other prepayments69.863.4
Other261.7253.4
Current assets3,187.72,656.7
Long-term assets  
Property, plant, and equipment, net of accumulated depreciation and amortization of $10,383.8 and $9,889.3, respectively29,113.826,982.4
Regulatory assets (December 31, 2022 and December 31, 2021 include $92.4 and $100.7, respectively, related to WEPCo Environmental Trust)3,264.63,264.8
Equity investment in transmission affiliates1,909.21,789.4
Goodwill3,052.83,052.8
Pension and OPEB assets916.7881.3
Other427.3361.1
Long-term assets38,684.436,331.8
Total assets41,872.138,988.5
Current liabilities  
Short-term debt1,647.11,897.0
Current portion of long-term debt (December 31, 2022 and December 31, 2021 include $8.9 and $8.8, respectively, related to WEPCo Environmental Trust)881.2169.4
Accounts payable1,198.11,005.7
Other884.6680.9
Current liabilities4,611.03,753.0
Long-term liabilities  
Long-term debt (December 31, 2022 and December 31, 2021 include $94.1 and $102.7, respectively, related to WEPCo Environmental Trust)14,766.213,523.7
Deferred income taxes4,625.64,308.5
Deferred revenue, net370.7389.2
Regulatory liabilities3,735.53,946.0
Environmental remediation liabilities499.6532.6
Pension and OPEB obligations171.6219.0
Other1,475.31,203.2
Long-term liabilities25,644.524,122.2
Commitments and contingencies (Note 24)
Common shareholders' equity  
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding3.23.2
Additional paid in capital4,115.24,138.1
Retained earnings7,265.36,775.1
Accumulated other comprehensive loss(6.8)(3.2)
Common shareholders' equity11,376.910,913.2
Preferred stock of subsidiary30.430.4
Noncontrolling interests209.3169.7
Total liabilities and equity$ 41,872.1$ 38,988.5