WEC Energy (WEC)

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

NYSE

Website

www.wecenergygroup.com

CEO

J. Kevin Fletcher

Incorporated

Wisconsin

Location

Wisconsin

Fiscal year end

Dec 31

Sector

Utilities > Other Electric Power Generation

Industry (SIC)

Electric & Other Services Combined

Duke Energy • PG&E • Louisville Gas & Electric • LG&E & KU Energy • Consolidated Edison • Consolidated Edison Co Of New York • San Diego Gas & Electric • Public Service Enterprise • Xcel Energy • Public Service Electric & Gas ...

Former names

WISCONSIN ENERGY CORP

SEC CIK

0000783325

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ATC Holding LLC • American Transmission Company LLC • ATC Development Manager, Inc. • ATC Holdco LLC • ATC Management Inc. • Bluewater Natural Gas Holding, LLC • BGS Kimball Gas Storage, LLC • Bluewater Gas Storage, LLC • Integrys Holding, Inc. • Michigan Gas Utilities Corporation ...

IRS number

391391525

WEC stock data

1M 1Y 5Y

News

From Benzinga Pro

Expert Ratings for WEC Energy Gr

27 Jun 22

WEC Energy Gr (NYSE:WEC) has observed the following analyst ratings within the last quarter:

Benzinga's Top Ratings Upgrades, Downgrades For June 27, 2022

27 Jun 22

Upgrades

U.S. Stock Futures Higher Following Friday's Rally

27 Jun 22

Pre-open movers

Keybanc Upgrades WEC Energy Gr to Overweight, Announces $104 Price Target

27 Jun 22

Here's How Much You Would Have Made Owning WEC Energy Gr Stock In The Last 15 Years

17 Jun 22

Press releases

From Benzinga Pro

We Energies announces new timeline for Oak Creek plant retirements

23 Jun 22

MILWAUKEE, June 23, 2022 /PRNewswire/ -- We Energies announced today that the company plans to extend the operating lives of the four older units at its Oak Creek site. The expected retirement of Units 5 and 6 will be

Peoples Gas works with federal and state officials to pay off heating bills for customers who have low incomes

25 May 22

CHICAGO, May 25, 2022 /PRNewswire/ -- Peoples Gas announced today that its customers who applied and qualified for heating assistance over the winter and spring will have all remaining past-due balances cleared and they

Klappa, Lauber highlight a year of progress

5 May 22

MILWAUKEE, May 5, 2022 /PRNewswire/ -- At WEC Energy Group's (NYSE:WEC) virtual annual meeting of stockholders today, Executive Chairman Gale Klappa and President and CEO Scott Lauber highlighted how the company is

WEC Energy Group reports first-quarter results

2 May 22

Clean energy investments and grid hardening part of WPS rate plan

28 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$105.50

Low target

$93.00

High target

$111.00

Calendar

4 May 22

29 Jun 22

31 Dec 22

Financial summary

Financial statements Chart WEC financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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.

Recent insider trades

WEC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jun 22	Robert M Garvin	Common Stock	Sell	Dispose S	No	No	104.2085	31,480	3.28M	11,062
3 Jun 22	Robert M Garvin	Common Stock	Option exercise	Acquire M	No	No	50.925	17,210	876.42K	42,542
3 Jun 22	Robert M Garvin	Common Stock	Option exercise	Acquire M	No	No	52.895	14,270	754.81K	25,332
3 Jun 22	Robert M Garvin	Stock Option Common Stock	Option exercise	Dispose M	No	No	50.925	17,210	876.42K	0
3 Jun 22	Robert M Garvin	Stock Option Common Stock	Option exercise	Dispose M	No	No	52.895	14,270	754.81K	0
1 Jun 22	Matthews Charles R	Common Stock	Sell	Dispose S	No	No	104.6321	10,666	1.12M	2,146
1 Jun 22	Matthews Charles R	Common Stock	Option exercise	Acquire M	No	No	68.175	10,666	727.15K	12,812
1 Jun 22	Matthews Charles R	Stock Option Common Stock	Option exercise	Dispose M	No	No	68.175	10,666	727.15K	0
1 Jun 22	Liu Xia	Common Stock	Payment of exercise	Dispose F	No	No	104.915	740	77.64K	12,274
31 May 22	Payne Ulice JR	Common Stock	Sell	Dispose S	No	No	105.206	750	78.9K	22,302.839

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

WEC institutional ownership history Ownership history

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	4	3	+33.3%
Opened positions	1	0	NEW
Closed positions	0	2	EXIT
Increased positions	1	0	NEW
Reduced positions	0	1	EXIT

13F shares	Current	Prev Q	Change
Total value	1.38M	1.02M	+35.6%
Total shares	13.85K	10.5K	+32.0%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
West Oak Capital	8.83K	$881K	+35.1%
Opus Capital	2.81K	$281K	0.0%
LeJeune Puetz Investment Counsel	1.15K	$114K	0.0%
Intelligent Financial Strategies	1.06K	$106K	NEW

Largest transactions	Shares	Bought/sold	Change
West Oak Capital	8.83K	+2.3K	+35.1%
Intelligent Financial Strategies	1.06K	+1.06K	NEW
Opus Capital	2.81K	0	0.0%
LeJeune Puetz Investment Counsel	1.15K	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Earnings increased $100.4 million during 2021, compared with 2020. The significant factors impacting the $100.4 million increase in earnings were:
•A $55.9 million decrease in the net loss attributed to common shareholders at the corporate and other segment, driven by lower interest expense, an increase in earnings from our equity method investments in technology and energy-focused investment funds, and the positive year-over-year impact from charges taken at Wispark during 2020. Higher net gains from investments held in the Integrys rabbi trust also contributed to the lower net loss. The investment gains from the rabbi trust offset higher
benefit costs related to deferred compensation, which are included in other operation and maintenance expense in our operating segments. See Note 17, Fair Value Measurements, for more information on our investments held in the Integrys rabbi trust.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accrual, adjacent, advantage, ahead, ancillary, anonymity, blending, budget, California, Cambodia, CASAC, Cautionary, CBP, certiorari, Clarifying, clarity, conclusion, concurred, Concurrent, conflict, contingent, contrary, cycle, dairy, deadline, decarbonizing, decoupling, deficiency, denial, dual, economy, feet, fiscal, Fluctuating, forced, hardening, heard, hydrogen, immaterial, inflationary, inquiry, Institute, Lauber, merit, nameplate, notable, NR, oral, original, originated, originating, output, Partnership, peer, Peninsula, percent, polysilicon, President, prevailing, procure, procurement, procuring, prolonged, pronouncement, proper, reconsideration, refinanced, registered, rejected, repeal, research, Retention, reversed, RNG, Russia, satisfactory, Scott, smaller, southeast, spending, SPP, Statement, suspicion, tolling, transparency, trillion, type, Ukraine, Upper, Uyghur, viable, Whitewater, widespread, world, WRO, wrote, Xinjiang

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From filing 10-Q 2022 Q1

Financial reports

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