WEC
UtilitiesWEC Energy Group, Inc. · Regulated Electric · $37B
What is WEC Energy Group, Inc.?
WEC Energy Group is a regulated utility holding company headquartered in Milwaukee, Wisconsin, serving millions of customers across the Midwest with electricity and natural gas. It operates one of the largest regulated energy networks in the region.
WEC Energy Group generates and distributes electricity from a diverse mix of sources — including coal, natural gas, wind, solar, hydroelectric, and biomass — while also delivering retail natural gas to residential and business customers. The company provides electric transmission services and transports natural gas through an extensive pipeline network. Revenue flows primarily from regulated utility operations across Wisconsin, Illinois, and other Midwestern states, supplemented by a non-utility energy infrastructure segment.
Incorporated in 1981, WEC Energy Group is based in Milwaukee, Wisconsin.
- Regulated electricity generation and distribution
- Retail natural gas distribution and transportation
- Electric transmission services
- Renewable energy infrastructure (wind and solar)
- Underground natural gas storage and steam distribution
Is WEC a Good Stock to Buy?
UQS Score rates WEC as Below Average overall, reflecting a mixed profile across its five analytical pillars.
Valuation stands out as the relative bright spot in WEC's profile, suggesting the stock is not obviously expensive relative to its fundamentals. Quality and Moat both register as Neutral, consistent with the stable but unexceptional economics typical of regulated utilities — predictable cash flows, but limited pricing power beyond what regulators allow.
Risk is the weakest pillar in WEC's profile, pointing to meaningful balance-sheet or regulatory exposure that investors should weigh carefully. Growth is also Neutral, reflecting the slow-expansion nature of regulated utility markets.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does WEC pay dividends?
Yes — WEC Energy Group, Inc. pays a dividend.
WEC Energy Group pays a regular dividend, a hallmark of regulated utilities that generate predictable cash flows from rate-based operations. The company has historically prioritized returning capital to shareholders through consistent dividend payments. Investors drawn to income-oriented utility stocks often view WEC's dividend as a core part of its investment case, though the Risk pillar warrants attention alongside yield.
When does WEC report earnings?
WEC Energy Group reports earnings on a quarterly cadence, typical for US-listed equities.
As a regulated utility, WEC's quarterly results tend to reflect rate-base growth, seasonal energy demand, and regulatory outcomes rather than dramatic revenue swings. Performance is generally steady, though capital expenditure cycles and regulatory lag can influence reported results from period to period.
For the most recent quarter's results and guidance updates, visit WEC Energy Group's investor relations page directly.
WEC Price History
+42.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in WEC Energy Group, Inc.?
Based on WEC Energy Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
WEC Long-term Outlook
WEC's Growth pillar registers as Neutral, consistent with the measured expansion pace of regulated utilities — rate-base investment drives incremental earnings growth rather than market-share gains or product innovation. The Weak Risk pillar introduces uncertainty around the trajectory, as regulatory decisions, capital costs, and energy-transition mandates can all affect the outlook. Valuation rated Good suggests the market has not priced in an aggressive growth premium, which may offer some cushion if near-term results disappoint.
Growth drivers
- Ongoing capital investment in grid modernization and renewable energy buildout
- Regulated rate-base expansion across Wisconsin and Illinois service territories
- Non-utility energy infrastructure segment providing incremental revenue diversification
Key risks
- Regulatory risk — adverse rate decisions can compress allowed returns
- Rising interest rates increasing the cost of debt-heavy utility capital structures
- Energy-transition capital requirements pressuring near-term free cash flow
WEC vs Peers
WEC Energy Group operates in a regulated utility landscape alongside several peers with distinct geographic footprints and business mixes.
PG&E serves California's large but complex regulatory environment and carries a notably different risk profile shaped by wildfire liability exposure.
Entergy Louisiana focuses on the Gulf Coast region, with a generation mix and regulatory framework distinct from WEC's Midwestern operations.
Fortis is a Canadian-listed utility with a diversified North American footprint, offering investors exposure to both US and Canadian regulated markets.
Frequently Asked Questions
What does WEC Energy Group do?
WEC Energy Group is a regulated utility holding company that generates and distributes electricity and natural gas across the Midwest, primarily in Wisconsin and Illinois. It also provides electric transmission services and operates a non-utility energy infrastructure segment focused on renewable assets.
Does WEC pay dividends?
Yes, WEC Energy Group pays a regular dividend. Regulated utilities like WEC typically prioritize consistent dividend payments given their relatively predictable, rate-based cash flows. Investors should review the company's investor relations page for the current dividend rate and payment schedule.
When does WEC report earnings?
WEC Energy Group reports earnings quarterly, in line with standard US-listed company practice. For exact release dates and upcoming earnings schedules, check WEC's investor relations page or a financial calendar service.
Is WEC a good stock to buy?
UQS Score rates WEC as Below Average overall. The Valuation pillar is rated Good, but the Risk pillar is Weak — a combination that warrants careful consideration. Whether WEC fits a portfolio depends on an investor's income needs, risk tolerance, and view on the regulated utility sector. The full pillar breakdown is available to Pro members.
Is WEC overvalued?
WEC's Valuation pillar is rated Good within the UQS framework, suggesting the stock does not appear significantly overpriced relative to its fundamentals. However, valuation should always be considered alongside the Risk and Growth profiles. Pro members can view the complete valuation metrics behind this rating.
How does WEC compare to its competitors?
WEC operates in a similar regulated utility space as peers like PG&E and Fortis, but each company carries a different geographic footprint, regulatory environment, and risk profile. WEC's Midwestern focus and diversified generation mix distinguish it from California-focused or Canadian-listed peers. The UQS competitor comparison provides a side-by-side quality view.
What is WEC's market cap bracket?
WEC Energy Group is classified as a large-cap company, placing it among the more established and widely followed utilities in the US market. Large-cap utilities often attract income-oriented and lower-volatility-seeking investors.
Who founded WEC Energy Group?
WEC Energy Group traces its roots to Wisconsin Energy Corporation, incorporated in 1981. The company rebranded to WEC Energy Group in June 2015 following its acquisition of Integrys Energy Group. Detailed founding history is publicly available through the company's official corporate history.
Is WEC a long-term quality stock?
As a long-term quality indicator, WEC's UQS profile is mixed. Quality and Moat are both Neutral — typical for regulated utilities with stable but constrained economics. The Weak Risk pillar is a flag for long-term holders, as regulatory and capital-structure risks can compound over time. Pro members can explore the full multi-pillar view.
What is the main competitive advantage of WEC Energy Group?
WEC's primary competitive advantage is its status as a regulated utility with exclusive service territories, which provides a degree of revenue predictability unavailable to most industries. However, the UQS Moat pillar rates this advantage as Neutral, reflecting that regulatory oversight also caps the upside of that protected position.
What sector does WEC belong to?
WEC Energy Group belongs to the Utilities sector. Regulated utilities are generally characterized by stable demand, significant infrastructure assets, and earnings that are subject to regulatory approval — making them a distinct category within the broader equity market.
Is WEC a growth stock or value stock?
Based on UQS pillar labels, WEC leans toward neither extreme. Growth is rated Neutral, reflecting the slow-expansion nature of regulated utilities, while Valuation is rated Good — suggesting the stock is not priced at a significant premium. It fits most naturally in an income or defensive allocation rather than a high-growth portfolio.
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Pro Analysis
WEC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 47.5 | 52.0 | 56.0 | 46.4 | 9.6 | 65.0 | -0.2 |
| May 17, 2026 | 47.7 | 52.0 | 56.0 | 46.2 | 9.6 | 66.7 | +0.1 |
| May 8, 2026 | 47.6 | 32.3 | 56.0 | 45.8 | 39.6 | 69.5 | +1.2 |
| May 7, 2026 | 46.4 | 52.5 | 56.0 | 45.8 | 7.1 | 60.6 | +0.1 |
| May 3, 2026 | 46.3 | 52.5 | 56.0 | 45.8 | 7.1 | 59.7 | -0.1 |
| Apr 26, 2026 | 46.4 | 52.5 | 56.0 | 45.8 | 7.1 | 60.4 | -0.1 |
| Apr 21, 2026 | 46.5 | 52.5 | 56.0 | 46.4 | 7.1 | 60.2 | -0.6 |
| Apr 19, 2026 | 47.1 | 52.5 | 56.0 | 49.6 | 7.1 | 60.1 | 0.0 |
| Apr 18, 2026 | 47.1 | 52.5 | 56.0 | 49.6 | 7.1 | 60.2 | -1.3 |
| Apr 14, 2026 | 48.4 | 52.5 | 56.0 | 49.6 | 7.1 | 68.5 | +0.1 |
WEC — Pillar Breakdown
Quality
— 52.0/100 (25%)WEC Energy Group, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 45.9/100 (20%)WEC Energy Group, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 9.6/100 (15%)WEC Energy Group, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 65.0/100 (15%)WEC Energy Group, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 56/100 (25%)WEC Energy Group, Inc. has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for WEC.
Score Composition
Financial Data
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How is the WEC UQS Score Calculated?
The UQS (Unified Quality Score) for WEC Energy Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses WEC Energy Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether WEC Energy Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.