Company profile

Ticker
WEC
Exchange
CEO
Joseph Kevin Fletcher
Employees
Incorporated in
Location
Fiscal year end
Former names
Wisconsin Energy Corp
SEC CIK
IRS number
391391525

WEC stock data

(
)

Calendar

7 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 2.11B 1.95B 1.61B 1.59B
Net income 452.6M 243.9M 234.3M 235.7M
Diluted EPS 0.77 0.74 0.74
Net profit margin 21.46% 12.52% 14.57% 14.82%
Operating income 626.6M 363.1M 310.9M 314.6M
Net change in cash -22.1M 17.5M -17.9M 7.3M
Cash on hand 15.4M 37.5M 20M 37.9M
Cost of revenue 734.7M 693M 484.3M 491.9M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 7.52B 7.68B 7.65B 7.47B
Net income 1.13B 1.06B 1.2B 939M
Diluted EPS 3.58 3.34 3.79 2.96
Net profit margin 15.08% 13.81% 15.75% 12.57%
Operating income 1.53B 1.47B 1.78B 1.7B
Net change in cash -47M 45.6M 1.4M -12.3M
Cash on hand 37.5M 84.5M 38.9M 37.5M
Cost of revenue 2.68B 2.9B 2.82B 2.65B

Financial data from WEC Energy earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jun 20 Liu Xia Common Stock Grant Aquire A No 0 6,927 0 6,927
1 Jun 20 Liu Xia Stock Option Common Stock Grant Aquire A No 92.315 36,705 3.39M 36,705
28 May 20 Payne Ulice JR Common Stock Sell Dispose S No 87.314 1,200 104.78K 23,461.655
20 May 20 Guc William J Common Stock Gift Dispose G No 0 326.002 0 6,284.091
4 Mar 20 Margaret C Kelsey Phantom Stock Units Common Stock Grant Aquire A No 104.21 579.328 60.37K 934.32
0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 10 9 +11.1%
Opened positions 2 1 +100.0%
Closed positions 1 0 NEW
Increased positions 4 2 +100.0%
Reduced positions 2 2
13F shares
Current Prev Q Change
Total value 326.76M 12.02M +2617.5%
Total shares 122.45K 130.39K -6.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Gulf International Bank 76.55K $6.75M 0.0%
Bruce & Co. 13.12K $1.16M -43.2%
Opus Capital 8.58K $756K -8.7%
Balasa Dinverno & Foltz 7.08K $624K +10.0%
West Oak Capital 6.35K $560K +3.0%
Tower View Investment Management & Research 4.9K $431K +9.0%
Fishman Jay A 4K $316.32M NEW
Sonora Investment Management 1.64K $145K 0.0%
Gemmer Asset Management 239 $21K +2.6%
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
Bruce & Co. 13.12K -10K -43.2%
Fishman Jay A 4K +4K NEW
LeJeune Puetz Investment Counsel 0 -2.36K EXIT
Opus Capital 8.58K -815 -8.7%
Balasa Dinverno & Foltz 7.08K +641 +10.0%
Tower View Investment Management & Research 4.9K +405 +9.0%
West Oak Capital 6.35K +185 +3.0%
Gemmer Asset Management 239 +6 +2.6%
Gulf International Bank 76.55K 0 0.0%
IFP Advisors 0 0

Financial report summary

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Risks
  • Our business is significantly impacted by governmental regulation and oversight.
  • We face significant costs to comply with existing and future environmental laws and regulations.
  • We may face significant costs to comply with the regulation of greenhouse gas emissions.
  • Changes in federal income tax policy may adversely affect our financial condition, results of operations, and cash flows, as well as our or our subsidiaries’ credit ratings.
  • We may fail to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act.
  • Our electric utilities could be subject to higher costs and penalties as a result of mandatory reliability standards.
  • Provisions of the Wisconsin Utility Holding Company Act limit our ability to invest in non-utility businesses and could deter takeover attempts by a potential purchaser of our common stock that would be willing to pay a premium for our common stock.
  • Our operations are subject to risks arising from the reliability of our electric generation, transmission, and distribution facilities, natural gas infrastructure facilities, and other facilities, as well as the reliability of third-party transmission providers.
  • Our operations are subject to various conditions that can result in fluctuations in energy sales to customers, including customer growth and general economic conditions in our service areas, varying weather conditions, and energy conservation efforts.
  • We are actively involved with several significant capital projects, which are subject to a number of risks and uncertainties that could adversely affect project costs and completion of construction projects.
  • Our operations are subject to risks beyond our control, including but not limited to, cyber security intrusions, terrorist attacks, acts of war, or unauthorized access to personally identifiable information.
  • Advances in technology could make our electric generating facilities less competitive.
  • We transport, distribute, and store natural gas, which involves numerous risks that may result in accidents and other operating risks and costs.
  • We are a holding company and rely on the earnings of our subsidiaries to meet our financial obligations.
  • We may fail to attract and retain an appropriately qualified workforce.
  • Our counterparties may fail to meet their obligations, including obligations under power purchase, natural gas supply, and transportation agreements.
  • We may not be able to fully use tax credits, net operating losses, and/or charitable contribution carryforwards.
  • We have recorded goodwill that could become impaired.
  • Our business is dependent on our ability to successfully access capital markets.
  • A downgrade in our or any of our subsidiaries' credit ratings could negatively affect our or our subsidiaries' ability to access capital at reasonable costs and/or require the posting of collateral.
  • Fluctuating commodity prices could negatively impact our electric and natural gas utility operations.
  • We may not be able to obtain an adequate supply of coal, which could limit our ability to operate our coal-fired facilities.
  • Our use of derivative contracts could result in financial losses.
  • Restructuring in the regulated energy industry and competition in the retail and wholesale markets could have a negative impact on our business and revenues.
  • We may experience poor investment performance of benefit plan holdings due to changes in assumptions and market conditions.
  • We may be unable to obtain insurance on acceptable terms or at all, and the insurance coverage we do obtain may not provide protection against all significant losses.
Management Discussion
  • Natural gas utility margins at the Illinois segment, net of the $2.2 million impact of the riders referenced in the table above, increased $34.0 million during 2019, compared with 2018. The increase was primarily driven by an increase in revenue at PGL due to continued capital investment in the SMP project under its QIP rider. PGL currently recovers the costs related to the SMP through a surcharge on customer bills pursuant to an ICC approved QIP rider, which is in effect through 2023. See Note 25, Regulatory Environment, for more information.
  • Operating income at the Illinois segment increased $36.1 million during 2019, compared with 2018. This increase was driven by the $34.0 million net increase in margins discussed above, as well as $2.1 million of lower operating expenses (which include other operation and maintenance, depreciation and amortization, and property and revenue taxes), net of the impact of the riders referenced in the table above.
  • The significant factor impacting the decrease in operating expenses during 2019, compared with 2018, was a $23.2 million decrease in natural gas maintenance costs related to our Illinois utilities’ distribution systems.
Content analysis ?
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