WEC Energy Group, Inc. (WEC) Stock Price & Analysis

WEC Energy Group, Inc. (WEC) closed at USD 112.15 on Thursday, October 22, 2026, up 3.36% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 108.5; the Oct 22, 2026 session ranged USD 108.48–112.23 on volume of 2,989,330 shares. Market capitalization is $36.54B, with a 52-week range of USD 99.8–119.91 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:39 UTC.

Also available as compact Markdown for AI agents: nexqual.com/WEC.md

Key facts (WEC)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WEC)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$8.32B$9.60B$8.89B$8.60B$9.80B$10.1B
Gross profit$5.00B$5.24B$5.70B$5.94B$6.53B—
Operating income$1.71B$1.92B$1.91B$2.15B$2.24B$2.32B
Net income$1.30B$1.41B$1.33B$1.52B$1.56B$1.69B
EPS (diluted)$4.11$4.45$4.22$4.83$4.81—
Free cash flow-$340M-$636M————
Gross margin60.2%54.6%64.1%69.1%66.7%—
Operating margin20.6%20.0%21.5%25.0%22.9%22.8%
Net margin15.6%14.7%15.0%17.7%15.9%16.7%
Revenue growth+14.8%+15.4%-7.3%-3.3%+14.0%—
Cash + short-term investments$16.3M$28.9M$42.9M$9.8M$27.6M—
Total debt$13.6B$15.5B$16.6B$18.9B$20.0B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (WEC)

P/E 21.6x · P/E ex non-operating (est.) ≈16.9x · P/S 3.6x · EV/EBITDA 14.9x · EV/Sales 5.6x · P/B 2.5x · Earnings yield 4.64% · Dividend yield (paid, TTM) 3.28% · Net debt $20.6B · EV $57.1B

P/E at fiscal year-ends: Dec 2025 22.0x, Dec 2024 19.5x, Dec 2023 20.0x.

Superinvestors (SEC 13F-HR, Q2 2026) (WEC)

1 of 80 tracked investors hold WEC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Mairs & PowerMairs & Power Funds1.92%$209MReduced -6.4%

Insider sales (SEC Form 4, open-market, last ~7 months) (WEC)

0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-08-11Payne Ulice JrDirector980$103K4.8%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-19Krueger DanielEVP WEC Infrastructure4,665$518K31.7%NoToo little history (no open-market trades in 2023 or 2024)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (WEC)

Consensus Hold (mean 2.55 on a 1–5 scale), 20 analysts; mean target USD 116.83 (low 106.5, high 131).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-22HSBCInitiatedHold$106.5
2026-10-19BarclaysTarget loweredEqual-Weight$117 → $108
2026-10-16Truist SecuritiesTarget loweredHold$114 → $113
2026-10-13KeybancTarget loweredOverweight$117 → $111
2026-08-13Truist SecuritiesTarget loweredHold$122 → $114
2026-07-23KeybancTarget loweredOverweight$126 → $117
2026-07-22BMO CapitalTarget loweredMarket Perform$120 → $117
2026-07-16JP MorganTarget raisedNeutral$120 → $124
2026-07-16Truist SecuritiesTarget raisedHold$119 → $122

Total return (dividends reinvested) (WEC)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+0.1%+45.1%
S&P 500 (SPY)+14.9%+80.3%
Per year+0.1%+7.7%
Volatility (annualized)16.6%18.7%
Max drawdown-14.5% (Jun 2026→Sep 2026)-24.8% (Aug 2022→Feb 2024)

WEC revenue by business segment (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Total Utility Operations$1.97B95.4%+1.4%
— Wisconsin (part of Total Utility Operations)$1.62B78.6%+2.2%
— Illinois (part of Total Utility Operations)$262.2M12.7%-3.1%
— Other States (part of Total Utility Operations)$84.3M4.1%+2.4%
Non-Utility Energy Infrastructure$215.6M10.5%+13.8%
Total revenue$2.06B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

WEC suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerPower“We are a diversified holding company with natural gas and electric utility operations (serving customers in Wisconsin, Illinois, Michigan, and Minnesota), an approximately 60% equity ownership interest in ATC (a for-profit electric transmission company regulated by the FERC and certain state regulatory commissions), and non-utility energy infrastructure operations through We Power (which owns generation assets in …”
CustomerNISOURCE INC. (NI)“NiSource is a public utility holding company whose operating subsidiaries provide natural gas and electric service to customers across Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia.”
PartnerEnbridge Gas“Our natural gas distribution and gas storage systems included distribution and transmission mains connected to the pipeline transmission systems of Alliance Pipeline, ANR Pipeline Company, Centra Pipelines, Consumers Energy, DTE Gas Company, Enbridge Gas Inc., Great Lakes Transmission Company, Guardian Pipeline L.L.C., Interstate Power and Light Company, Kinder Morgan Illinois Pipeline, Midwestern Gas Pipeline Com…”
PartnerGuardian Pipeline“Our natural gas distribution and gas storage systems included distribution and transmission mains connected to the pipeline transmission systems of Alliance Pipeline, ANR Pipeline Company, Centra Pipelines, Consumers Energy, DTE Gas Company, Enbridge Gas Inc., Great Lakes Transmission Company, Guardian Pipeline L.L.C., Interstate Power and Light Company, Kinder Morgan Illinois Pipeline, Midwestern Gas Pipeline Com…”
PartnerNorthwest Gas of Cottonwood County“Our natural gas distribution and gas storage systems included distribution and transmission mains connected to the pipeline transmission systems of Alliance Pipeline, ANR Pipeline Company, Centra Pipelines, Consumers Energy, DTE Gas Company, Enbridge Gas Inc., Great Lakes Transmission Company, Guardian Pipeline L.L.C., Interstate Power and Light Company, Kinder Morgan Illinois Pipeline, Midwestern Gas Pipeline Com…”

Quoted from the company's 10-K filed Feb 20, 2026.

WEC company outlook (results filed Jul 29, 2026)

Quoted word-for-word from the SEC 8-K results press release.

WEC analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.98$0.92+6.0%$2.27B8
Next quarter (ends Dec 2026)$1.29$1.42-9.4%$2.76B5
Current fiscal year (ends Dec 2026)$5.60$5.59+0.2%$10.31B11
Next fiscal year (ends Dec 2027)$6.01$6.01-0.1%$10.86B10

WEC options: expected move

Options price a move of about ±4.8% (±$5.38) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±1.8% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262819.1%±4.8%
Dec 18, 20265617.5%±5.7%
Jan 15, 20278418.0%±7.0%
Apr 16, 202717518.0%±9.9%

30-day implied volatility 19.1% vs 19.4% realized over the last 30 trading days. Put/call ratio (volume) 0.47. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 08:39 UTC)

PriceUSD 112.15
Change▲ 3.36% (up)
Previous CloseUSD 108.5
OpenUSD 108.97
Day RangeUSD 108.48 – 112.23
52-Week RangeUSD 99.8 – 119.91
Volume2,989,330 shares
Market Cap$36.54B
ExchangeNYQ

Technical Analysis (WEC)

Nexqual's technical model rates WEC "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:39 UTC.

Overall SignalBUY
RSI (14)70.76 (overbought)
vs SMA50Above (USD 105.53)
MACD1.35 (positive)

Analyst Ratings (WEC)

Wall Street analysts rate WEC "Hold" based on 20 analysts, with a mean price target of USD 116.83 (range USD 106.5–131), per Nexqual as of October 23, 2026 at 08:39 UTC.

Consensus RatingHold
Analyst Count20
Mean TargetUSD 116.83
High TargetUSD 131
Low TargetUSD 106.5
Buy / Hold / Sell8 / 11 / 1

Earnings (WEC)

Next Earnings Date2026-10-29
EPS EstimateUSD 0.97
Revenue Estimate$2.27B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.91 vs est 0.81 ▲ beat
2026-03-31USD 2.45 vs est 2.33 ▲ beat
2025-12-31USD 0.97 vs est 1.38 ▼ miss
2025-09-30USD 0.83 vs est 0.81 ▲ beat

Source: Nexqual, October 23, 2026 at 08:39 UTC.

Financials & Fundamentals (WEC)

Total Revenue$10.14B
Revenue Growth (latest quarter, YoY)+2.60%
Gross Margin+41.91%
Operating Margin+21.80%
Profit Margin+16.69%
ROE+11.99%
Debt / Equity1.58
Current Ratio0.53
Total Cash$50.00M
Total Debt$23.02B

Source: Nexqual, October 23, 2026 at 08:39 UTC.

Financial Health Score (WEC)

Nexqual rates WEC Energy Group, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:39 UTC.

GrowthSolid — Revenue +14% YoY (annual)
ProfitabilityStrong — Gross margin 42%, operating 22% (last 12 months)
Balance SheetCritical — $50M cash and investments vs $20.6B debt (Jun 2026, SEC)
Cash FlowSolid — Operating cash flow $3.38B (FY ended Dec 2025, 10-K)
EfficiencyMixed — ROE 12%, ROA 3.0%

Ownership (WEC)

Insider Ownership+0.15%
Institutional Ownership+87.88%
Shares Outstanding325.85M
Float324.92M
Short % of Float+5.02%

Source: Nexqual, October 23, 2026 at 08:39 UTC.

Leadership (WEC)

WEC Energy Group, Inc. is led by Scott J. Lauber, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 08:39 UTC.

Chairman, President & CEOScott J. Lauber
Executive VP & CFOXia Liu C.F.A.
Executive VP, COO and President of We Energies & Wisconsin Public ServiceMichael W. Hooper
Executive Vice President of External AffairsRobert M. Garvin
Senior Vice President of Corporate Communications & Investor RelationsMary Beth Straka

Major Backers & Investors (WEC)

Notable institutional backers of WEC Energy Group, Inc. include Bank of America Corporation, Wells Fargo & Company, Ameriprise Financial, Inc., according to Nexqual as of October 23, 2026 at 08:39 UTC.

Active Investors

InvestorStake
Bank of America Corporation2.64%
Wells Fargo & Company2.63%
Ameriprise Financial, Inc.1.79%
SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF1.77%
Charles Schwab Investment Management, Inc.1.65%

Index Funds (Passive)

FundStake
Vanguard Group11.7%
BlackRock10.23%
State Street6.47%
Geode Capital2.84%
Deutsche Bank AG1.86%

Source: Nexqual, October 23, 2026 at 08:39 UTC.

From WEC Energy Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
PEGPublic Service Enterprise GroupUSD 72.72▲ 2.42%
PCGPacific Gas & Electric Co.USD 12.98▼ 1.29%
EDConsolidated Edison, Inc.USD 116.26▲ 3.97%
AEEAmeren CorporationUSD 108.94▲ 2.31%
FTSFortis Inc.USD 57.88▲ 3.41%
EXCExelon CorporationUSD 44.85▲ 4.18%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:39 UTC. This page is informational and not investment advice.

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