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)
- Last four reported quarters (through Jun 30, 2026): revenue $10.1B, net income $1.69B (16.7% margin) (SEC filings).
- Valuation: P/E 21.6x (avg 20.5x at the last 3 fiscal year-ends), EV/EBITDA 14.9x, net debt $20.6B.
- Earnings quality: non-operating income -$503M vs operating income $2.32B over the last four quarters; P/E excluding non-operating income ≈16.9x (estimate: non-operating income taxed at the company's 6.5% effective rate).
- 1 of 80 tracked superinvestors hold WEC (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $621K; 2 not under a Rule 10b5-1 plan ($621K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.55 on a 1–5 scale) (20 analysts), mean target USD 116.83 (range 106.5–131).
- Total return with dividends: 1Y +0.1% vs S&P 500 +14.9%; 5Y +45.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.98, revenue estimate $2.27B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WEC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 margin | 60.2% | 54.6% | 64.1% | 69.1% | 66.7% | — |
| Operating margin | 20.6% | 20.0% | 21.5% | 25.0% | 22.9% | 22.8% |
| Net margin | 15.6% | 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.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 1.92% | $209M | Reduced -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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Payne Ulice Jr | Director | 980 | $103K | 4.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-19 | Krueger Daniel | EVP WEC Infrastructure | 4,665 | $518K | 31.7% | No | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $106.5 |
| 2026-10-19 | Barclays | Target lowered | Equal-Weight | $117 → $108 |
| 2026-10-16 | Truist Securities | Target lowered | Hold | $114 → $113 |
| 2026-10-13 | Keybanc | Target lowered | Overweight | $117 → $111 |
| 2026-08-13 | Truist Securities | Target lowered | Hold | $122 → $114 |
| 2026-07-23 | Keybanc | Target lowered | Overweight | $126 → $117 |
| 2026-07-22 | BMO Capital | Target lowered | Market Perform | $120 → $117 |
| 2026-07-16 | JP Morgan | Target raised | Neutral | $120 → $124 |
| 2026-07-16 | Truist Securities | Target raised | Hold | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Utility Operations | $1.97B | 95.4% | +1.4% |
| — Wisconsin (part of Total Utility Operations) | $1.62B | 78.6% | +2.2% |
| — Illinois (part of Total Utility Operations) | $262.2M | 12.7% | -3.1% |
| — Other States (part of Total Utility Operations) | $84.3M | 4.1% | +2.4% |
| Non-Utility Energy Infrastructure | $215.6M | 10.5% | +13.8% |
| Total revenue | $2.06B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
WEC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Power | “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 …” |
| Customer | NISOURCE 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.” |
| Partner | Enbridge 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…” |
| Partner | Guardian 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…” |
| Partner | Northwest 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)
- “On a weather-normal basis, retail deliveries of electricity during the second quarter of this year – excluding the iron ore mine and VLCs – increased by 1.2 percent. 1 Exhibit 99.1 The company is reaffirming its 2026 earnings guidance of $5.51 to $5.61 per share.”
- “This assumes normal weather for the remainder of the year.”
- “The call will review 2026 second-quarter earnings and the company's outlook for the future.”
- “Forward-looking statements include, among other 2 Exhibit 99.1 things, statements concerning management's expectations and projections regarding earnings, earnings growth rates, dividend payments and future results.”
Quoted word-for-word from the SEC 8-K results press release.
WEC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.98 | $0.92 | +6.0% | $2.27B | 8 |
| Next quarter (ends Dec 2026) | $1.29 | $1.42 | -9.4% | $2.76B | 5 |
| Current fiscal year (ends Dec 2026) | $5.60 | $5.59 | +0.2% | $10.31B | 11 |
| Next fiscal year (ends Dec 2027) | $6.01 | $6.01 | -0.1% | $10.86B | 10 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 19.1% | ±4.8% |
| Dec 18, 2026 | 56 | 17.5% | ±5.7% |
| Jan 15, 2027 | 84 | 18.0% | ±7.0% |
| Apr 16, 2027 | 175 | 18.0% | ±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)
| Price | USD 112.15 |
|---|---|
| Change | ▲ 3.36% (up) |
| Previous Close | USD 108.5 |
| Open | USD 108.97 |
| Day Range | USD 108.48 – 112.23 |
| 52-Week Range | USD 99.8 – 119.91 |
| Volume | 2,989,330 shares |
| Market Cap | $36.54B |
| Exchange | NYQ |
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 Signal | BUY |
|---|---|
| RSI (14) | 70.76 (overbought) |
| vs SMA50 | Above (USD 105.53) |
| MACD | 1.35 (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 Rating | Hold |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 116.83 |
| High Target | USD 131 |
| Low Target | USD 106.5 |
| Buy / Hold / Sell | 8 / 11 / 1 |
Earnings (WEC)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.97 |
| Revenue Estimate | $2.27B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.91 vs est 0.81 ▲ beat |
| 2026-03-31 | USD 2.45 vs est 2.33 ▲ beat |
| 2025-12-31 | USD 0.97 vs est 1.38 ▼ miss |
| 2025-09-30 | USD 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 / Equity | 1.58 |
| Current Ratio | 0.53 |
| 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.
| Growth | Solid — Revenue +14% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 42%, operating 22% (last 12 months) |
| Balance Sheet | Critical — $50M cash and investments vs $20.6B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $3.38B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 12%, ROA 3.0% |
Ownership (WEC)
| Insider Ownership | +0.15% |
|---|---|
| Institutional Ownership | +87.88% |
| Shares Outstanding | 325.85M |
| Float | 324.92M |
| 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 & CEO | Scott J. Lauber |
|---|---|
| Executive VP & CFO | Xia Liu C.F.A. |
| Executive VP, COO and President of We Energies & Wisconsin Public Service | Michael W. Hooper |
| Executive Vice President of External Affairs | Robert M. Garvin |
| Senior Vice President of Corporate Communications & Investor Relations | Mary 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
| Investor | Stake |
|---|---|
| Bank of America Corporation | 2.64% |
| Wells Fargo & Company | 2.63% |
| Ameriprise Financial, Inc. | 1.79% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.77% |
| Charles Schwab Investment Management, Inc. | 1.65% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.7% |
| BlackRock | 10.23% |
| State Street | 6.47% |
| Geode Capital | 2.84% |
| Deutsche Bank AG | 1.86% |
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)
- The electric fuel rules set by the PSCW generally allow us to defer, for subsequent rate recovery or refund, under- or over-collections of actual fuel and purchased power costs beyond a 2% price variance from the costs included in the rates charged to customers.
- Diversity of natural gas supply enables us to manage significant changes in demand and to optimize our overall natural gas supply and capacity costs.
- The use of LNG allows us to meet anticipated peak demand without requiring the construction of additional interstate pipeline capacity.
- Storage allows us to manage significant changes in daily natural gas demand and to purchase steady levels of natural gas on a year-round basis, which provides a hedge against supply cost volatility.
Legal & Regulatory Risks (Item 1A, quoted)
- Our operations, capital expenditures, and financial results may be affected by the impact of greenhouse gas legislation, regulation, and our emission reduction goal.
- Changes in tax legislation, IRS audits, or our inability to use certain tax benefits and carryforwards, may adversely affect our financial condition, results of operations, and cash flows, as well as our credit ratings.
- Tax legislation and regulations can adversely affect, among other things, our financial condition, results of operations, cash flows, liquidity, and credit ratings.
- Future changes to corporate tax rates or policies, including under Treasury Regulations and guidance issued in connection with the IRA and OBBBA, could require us to take material charges against earnings.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PEG | Public Service Enterprise Group | USD 72.72 | ▲ 2.42% |
| PCG | Pacific Gas & Electric Co. | USD 12.98 | ▼ 1.29% |
| ED | Consolidated Edison, Inc. | USD 116.26 | ▲ 3.97% |
| AEE | Ameren Corporation | USD 108.94 | ▲ 2.31% |
| FTS | Fortis Inc. | USD 57.88 | ▲ 3.41% |
| EXC | Exelon Corporation | USD 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.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt