WEC WEC Energy
WEC Energy Group, based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest. WEC Energy Group is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.
Company profile
Ticker
WEC
Exchange
Website
CEO
J. Kevin Fletcher
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
WISCONSIN ENERGY CORP
SEC CIK
Corporate docs
IRS number
391391525
WEC stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For April 9, 2021
9 Apr 21
Mizuho Initiates Coverage On WEC Energy Gr with Neutral Rating, Announces Price Target of $94
9 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For March 4, 2021
4 Mar 21
Wells Fargo Upgrades WEC Energy Gr to Overweight, Lowers Price Target to $93
4 Mar 21
WEC Energy Highlights Proposed Plans For New 310-MW Solar, Battery Storage Project In Wisconsin
16 Feb 21
Press releases
Wisconsin Electric declares quarterly dividends
15 Apr 21
WEC Energy Group declares quarterly dividend
15 Apr 21
Peoples Gas safety program bringing improvements to entire city now approximately one-third complete
17 Mar 21
We Energies and Wisconsin Public Service announce another large-scale renewable energy project
16 Mar 21
Blooming Grove Wind Energy Center Begins Commercial Operations
9 Mar 21
Calendar
25 Feb 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from WEC Energy earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 72.6M | 72.6M | 72.6M | 72.6M | 72.6M | 72.6M |
| Cash burn (monthly) | (positive/no burn) | 808.33K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | n/a | 2.88M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 69.72M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 86.2 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 Mar 21 | Margaret C Kelsey | Phantom Stock Units Common Stock | Grant | Aquire A | No | No | 84.48 | 791.13 | 66.83K | 1,752.22 |
| 5 Mar 21 | Danny L Cunningham | Phantom Stock Units Common Stock | Grant | Aquire A | No | No | 83.675 | 59.755 | 5K | 5,709.472 |
| 5 Mar 21 | Liu Xia | Phantom Stock Units Common Stock | Grant | Aquire A | No | No | 84.48 | 88.505 | 7.48K | 88.505 |
| 3 Mar 21 | Liu Xia | Common Stock | Buy | Aquire P | No | No | 81.5 | 1,000 | 81.5K | 10,561 |
| 9 Feb 21 | Margaret C Kelsey | Phantom Stock Units Common Stock | Discretionary | Aquire I | No | No | 85.46 | 148.193 | 12.66K | 5,607.046 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|
Financial report summary
?Management Discussion
- Electric utility margins at the Wisconsin segment increased $60.2 million during 2020, compared with 2019. The significant factors impacting the higher electric utility margins were:
- •A $101.8 million increase in margins associated with the 2019 negative impact of WE's flow through of tax benefits of its repair-related deferred tax liabilities, in accordance with a settlement agreement with the PSCW to maintain certain regulatory assets at their December 31, 2017 levels. These tax benefits were no longer in effect for 2020. This increase in margins was offset in income taxes. See Note 26, Regulatory Environment, for more information.
- •An $8.2 million year-over-year positive impact from collections of fuel and purchased power costs compared with costs approved in rates. Under the Wisconsin fuel rules, the margins of our electric utilities are impacted by under- or over-collections of certain fuel and purchased power costs that are within a 2% price variance from the costs included in rates, and the remaining variance beyond the 2% price variance is deferred for future recovery or refund to customers.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
|
|
New words:
accommodate, advantage, Advisor, Alliant, aspiring, aware, background, banning, battery, benchmark, Biden, BSGF, bucket, career, CCWP, CDC, CenterPoint, chain, cleaner, closeout, cold, compressor, comprised, conditionally, countering, creditworthy, cut, Deuel, digital, dioxide, disconnect, disconnected, disconnecting, Disease, dismissal, dispute, distancing, division, downwind, drop, drove, emit, emitting, energized, ensuing, ESG, extinguishment, fact, fifty, flooded, flooding, Florida, foregone, Georgia, good, gradual, guide, Gulf, halfway, harassment, harbor, hardship, Hawaii, healthy, heavily, home, hygiene, ice, instability, intraperiod, JJJ, lag, Lakeshore, leadership, lifted, lifting, lingering, Liu, live, living, macroeconomic, majeure, mandated, marked, mentoring, meteorological, movement, multiyear, mutate, mutual, Neighbor, neutral, northwest, Occupational, online, outbreak, paramount, park, payback, payroll, peacetime, PPA, precautionary, pretax, problem, prolonged, rain, reaction, reciprocating, reclassification, reconnect, reconnected, reconnection, recruiting, reinstate, relief, remote, reopening, resiliency, revive, RICE, Riverside, roadmap, rollforward, snow, social, SPC, speed, spread, staffing, statewide, statute, subsided, suitable, surpassed, suspension, talent, talented, Tatanka, team, temporarily, thermal, travel, tunnel, unemployment, unnecessary, upwind, vacated, vented, verbal, verbally, version, widespread, women, Xia
Removed:
affiliated, amend, analyze, Bostco, Brotherhood, cast, certificate, confirm, constructive, contrary, cubic, curve, declaratory, deduct, deductible, deduction, disturbance, downgraded, downgrading, ductile, Electrical, embracing, evolve, exacerbate, farm, feet, flat, forgo, formation, Fox, immaterial, impair, improved, insignificant, insufficient, landfill, lessen, limitation, necessity, passage, penalty, pollutant, postpone, postretirement, preserve, proportional, provisional, receipt, reimbursement, Research, reshaping, SAB, Supreme, taxation, titled, tracking
Financial reports
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
Current reports
8-K
Regulation FD Disclosure
14 Apr 21
8-K
Other Events
29 Mar 21
8-K
Regulation FD Disclosure
19 Mar 21
8-K
Other Events
18 Mar 21
8-K
Other Events
12 Mar 21
8-K
Regulation FD Disclosure
1 Mar 21
8-K
Regulation FD Disclosure
16 Feb 21
8-K
WEC Energy Group posts strong 2020 results
4 Feb 21
8-K
Regulation FD Disclosure
11 Jan 21
8-K
Regulation FD Disclosure
8 Dec 20
Registration and prospectus
424B2
Prospectus for primary offering
17 Mar 21
FWP
Free writing prospectus
16 Mar 21
424B5
Prospectus supplement for primary offering
16 Mar 21
S-3ASR
Automatic shelf registration
19 Oct 20
424B2
Prospectus for primary offering
6 Oct 20
FWP
Free writing prospectus
5 Oct 20
424B5
Prospectus supplement for primary offering
5 Oct 20
FWP
Free writing prospectus
18 Sep 20
424B2
Prospectus for primary offering
15 Sep 20
FWP
Free writing prospectus
14 Sep 20
Proxies
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEF 14A
Definitive proxy
25 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEF 14A
Definitive proxy
25 Mar 20
DEFA14A
Additional proxy soliciting materials
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Mar 18
Other
UPLOAD
Letter from SEC
31 Jul 18
CORRESP
Correspondence with SEC
25 Jul 18
UPLOAD
Letter from SEC
12 Jul 18
NO ACT
No action letter
9 Jan 17
SD
Conflict minerals disclosure
24 May 16
EFFECT
Notice of effectiveness
5 Oct 14
CORRESP
Correspondence with SEC
2 Oct 14
UPLOAD
Letter from SEC
9 Sep 14
UPLOAD
Letter from SEC
27 Sep 11
CORRESP
Correspondence with SEC
28 Aug 11
Ownership
4
WEC ENERGY / Danny L Cunningham ownership change
9 Mar 21
4
WEC ENERGY / Xia Liu ownership change
9 Mar 21
4
WEC ENERGY / MARGARET C KELSEY ownership change
9 Mar 21
4
WEC ENERGY / Xia Liu ownership change
5 Mar 21
SC 13G
WEC ENERGY / STATE STREET ownership change
11 Feb 21
4
WEC ENERGY / Xia Liu ownership change
10 Feb 21
4
WEC ENERGY / MARGARET C KELSEY ownership change
10 Feb 21
SC 13G
WEC ENERGY / Magellan Asset Management ownership change
10 Feb 21
SC 13G/A
WEC ENERGY / VANGUARD ownership change
10 Feb 21
4
WEC ENERGY / Daniel Krueger ownership change
2 Feb 21
Transcripts
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q2
Earnings call transcript
4 Aug 20
2020 Q1
Earnings call transcript
4 May 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
6 Nov 19
2019 Q2
Earnings call transcript
5 Aug 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
12 Feb 19
2018 Q3
Earnings call transcript
31 Oct 18
Reddit threads
STEM AKA STPK , is it a Juggernaut in the making?
21 Feb 21
Vlad's testimony in a nutshell
19 Feb 21
stocks I like - for the hedge funds buying tech to track this
19 Feb 21
PLTR 440k YOLO - Holding since November and now loaded up on LEAPS 🚀
19 Feb 21
Palantir (PLTR) & What It Does
19 Feb 21
PLTR up 7% premarket. Also, the number of wsb comments on a stock relative to GME comments is apparently an analyst metric. 🍌
19 Feb 21
Daily Discussion Thread - February 11th, 2021
11 Feb 21
Daily Discussion Thread - February 10th, 2021
10 Feb 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
What are your top growth stocks for someone who has just got into investing?
8 Feb 21