WEC Energy Group Inc Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ED	34.2B	15.7B	3.97%	8.49%	20.59	2.18	14.58%	23.33%
WEC	29.9B	9.6B	1.75%	3.15%	21.23	3.12	15.41%	8.56%
PEG	29.4B	9.8B	-4.39%	-12.51%	28.53	3	0.80%	259.10%
AEE	22.5B	8.0B	-0.70%	-3.03%	20.89	2.83	24.44%	8.44%
CMS	18.0B	8.6B	0.06%	-6.32%	21.55	2.1	17.29%	-38.14%
NI	11.5B	5.9B	2.62%	-4.32%	14.33	1.97	19.41%	37.48%
MID-CAP
UGI	7.4B	10.2B	-13.24%	-1.41%	34.16	0.72	24.47%	-79.76%
BKH	4.0B	2.6B	-3.52%	-13.06%	15.51	1.57	30.92%	9.14%
NWE	3.4B	1.5B	-0.30%	-3.55%	18.67	2.31	7.69%	-2.05%
AVA	3.1B	1.7B	3.83%	-6.08%	20.14	1.79	20.61%	5.32%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GNE	278.1M	364.5M	-21.32%	49.86%	2.8	0.76	3.55%	9592.01%

Financials for WEC Energy Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.9%	9,597	9,241	8,984	8,533	8,316
EBITDA	3.5%	3,370	3,257	3,204	3,169	-
EBITDA Margin	-0.4%	0.35*	0.35*	0.36*	0.37*	-
Earnings Before Taxes	4.0%	1,733	1,666	1,630	1,609	1,499
EBT Margin	0.2%	0.18*	0.18*	0.18*	0.19*	-
Interest Expenses	7.6%	515	479	469	469	471
Net Income	73.0%	1,410	815	802	514	1,299
Net Income Margin	66.6%	0.15*	0.09*	0.15*	0.16*	-
Free Cahsflow	-13.6%	-206	-182	374	660	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.7%	41,872	40,761	39,607	38,975	38,989
Current Assets	15.0%	3,188	2,771	2,643	2,563	2,657
Cash Equivalents	1.4%	29.00	29.00	30.00	34.00	16.00
Net PPE	1.9%	29,114	28,575	27,626	27,110	26,982
Goodwill	0%	3,053	3,053	3,053	3,053	3,053
Current Liabilities	36.8%	4,611	3,370	3,818	3,264	3,753
. Short Term Borrowings	30.8%	1,647	1,260	1,629	1,450	1,897
Long Term Debt	-1.0%	14,766	14,911	13,523	13,514	13,524
LT Debt, Current	788.5%	809	91.00	-	-	-
LT Debt, Non Current	8.8%	14,656	13,472	-	-	-
Shareholder's Equity	0.2%	11,617	11,596	11,491	11,445	11,113
Retained Earnings	0.3%	7,265	7,242	7,170	7,111	6,775
Additional Paid-In Capital	0.0%	4,115	4,114	4,121	4,132	4,138
Accumulated Depreciation	0.3%	10,384	10,349	10,183	10,041	9,889
Shares Outstanding	0%	315	315	315	315	315

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-1.2%	2,061	2,086	2,569	2,714	2,033
Share Based Compensation	-	16.00	-	-	-	-
Cashflow From Investing	-1.3%	-2,642	-2,609	-2,174	-2,108	-2,311
Cashflow From Financing	27.6%	676	530	-389	-575	294
Dividend Payments	1.8%	918	902	886	871	855
Buy Backs	-19.3%	69.00	86.00	70.00	50.00	33.00

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

Probability that WEC Energy Group stock will be more than 30% underwater in next one year.

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 ascending	Fund Name	Type	% 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%

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

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

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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About WEC Energy Group

Scott J. Lauber

www.wecenergygroup.com

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 sales	4,358.9	3,311.0	2,319.5
Other operation and maintenance	1,938.0	2,005.5	2,032.2
Depreciation and amortization	1,122.6	1,074.3	975.9
Property and revenue taxes	253.7	210.3	208.0
Total operating expenses	7,673.2	6,601.1	5,535.6
Operating income	1,924.2	1,714.9	1,706.1
Equity in earnings of transmission affiliates	194.7	158.1	175.8
Other income, net	128.8	133.2	79.5
Interest expense	515.1	471.1	493.7
Loss on debt extinguishment	0.0	36.3	38.4
Other expense	(191.6)	(216.1)	(276.8)
Income before income taxes	1,732.6	1,498.8	1,429.3
Income tax expense	322.9	200.3	227.9
Net income	1,409.7	1,298.5	1,201.4
Preferred stock dividends of subsidiary	1.2	1.2	1.2
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)	315.4	315.4	315.4
Diluted (in shares)	316.1	316.3	316.5

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, respectively	1,818.4	1,505.7
Materials, supplies, and inventories	807.1	635.8
Prepaid Taxes	201.8	182.1
Other prepayments	69.8	63.4
Other	261.7	253.4
Current assets	3,187.7	2,656.7
Long-term assets
Property, plant, and equipment, net of accumulated depreciation and amortization of $10,383.8 and $9,889.3, respectively	29,113.8	26,982.4
Regulatory assets (December 31, 2022 and December 31, 2021 include $92.4 and $100.7, respectively, related to WEPCo Environmental Trust)	3,264.6	3,264.8
Equity investment in transmission affiliates	1,909.2	1,789.4
Goodwill	3,052.8	3,052.8
Pension and OPEB assets	916.7	881.3
Other	427.3	361.1
Long-term assets	38,684.4	36,331.8
Total assets	41,872.1	38,988.5
Current liabilities
Short-term debt	1,647.1	1,897.0
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)	881.2	169.4
Accounts payable	1,198.1	1,005.7
Other	884.6	680.9
Current liabilities	4,611.0	3,753.0
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)	14,766.2	13,523.7
Deferred income taxes	4,625.6	4,308.5
Deferred revenue, net	370.7	389.2
Regulatory liabilities	3,735.5	3,946.0
Environmental remediation liabilities	499.6	532.6
Pension and OPEB obligations	171.6	219.0
Other	1,475.3	1,203.2
Long-term liabilities	25,644.5	24,122.2
Commitments and contingencies (Note 24)
Common shareholders' equity
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding	3.2	3.2
Additional paid in capital	4,115.2	4,138.1
Retained earnings	7,265.3	6,775.1
Accumulated other comprehensive loss	(6.8)	(3.2)
Common shareholders' equity	11,376.9	10,913.2
Preferred stock of subsidiary	30.4	30.4
Noncontrolling interests	209.3	169.7
Total liabilities and equity	$ 41,872.1	$ 38,988.5