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WEC Energy Group, Inc.

WEC · NYSE

Symbol: WEC
Type: Stock
Sector: Utilities
Industry: Power Generation
Country: North America
Exchange: NYSE

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 47% electric generation and distribution, 36% gas distribution, 12% electric transmission, and 5% unregulated renewable generation.

Key Issues

Bullish view

Second-quarter earnings rose $0.15 year over year to $0.91 per diluted share, beat estimates, and benefited from rate-base growth and infrastructure gains. Those factors, alongside the advancing $37.5 billion plan, support the case for continued earnings growth.

Bearish view

WEC reaffirmed its full-year earnings guidance of $5.51-$5.61 per share instead of raising it after the quarterly beat. That unchanged outlook limits the evidence that the stronger quarter will translate into higher near-term expectations.