Reading the tape
NYSE: WEC
WEC Energy Group, Inc.
Utilities · Regulated Electric
Market Cap
$37.69B
52w High
$119.62
52w Low
$100.61
P/E
22.99
Volume
231.51K
Outstanding Shares
325.70M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 6.83%Revenue (TTM): 11.2%FCF (TTM): -333.93%P/E: 65th pct
What changed
The stock rose 6.83% over the last year. Revenue grew 11.2% over the trailing twelve months. Operating margin moved from 25.11% to 23.97%. Free cash flow declined 333.93% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 23.97%. A decisive move in revenue — currently up 11.2% — would be the clearest signal to resolve the ambiguity.
Company profile
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States.
CEOScott J. Lauber
SectorUtilities
IndustryRegulated Electric
Employees7,000
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA13.99
Enterprise value$56.6B
Stock splits
Mar 2, 2011↑ Forward
Every 1 shares became 2
Jul 1, 1992↑ Forward
Every 2 shares became 3
Jul 1, 1987↑ Forward
Every 1 shares became 2
Jul 28, 1982↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth9.04%
Gross margin55.74%▲14.82%vs FY2024
Operating margin23.97%▼3.19%vs FY2024
ROE11.42%▼7.14%vs FY2024
Analyst consensus
RatingHold
Target price$122.78▲6.11%
10
Buy
20
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $2.30 · Revenue est $3.32B
View
Dividends
$3.69/shareQuarterlyDividend Achiever · 11yrEx-div May 14, 2026 · in 9dAt RiskWEC pays a dividend with a 3.19% declared yield, 11 consecutive years of growth, growing at 7.07% annually, covered -0.9× by free cash flow.
Declared Yield
3.19%
Annual Div / Share
$3.69
5yr CAGR
+7.07%
Doubles every ~10.1yr
Payout Ratio
71.66%
At Risk
Dividend Growth Rate
3yr CAGR
+6.94%
5yr CAGR
+7.07%
10yr CAGR
+8.17%
Dividend Safety
2/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.69+6.7%
2025$3.46+7.0%
2024$3.23+7.1%
2023$3.02+7.3%
2022$2.81+7.3%
2021$2.62+7.2%
2020$2.44+7.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$32/yr
$3/mo
In 5 yrs
$45/yr+41%
$4/mo
In 10 yrs
$63/yr+98%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$32/yr $3/mo | $45/yr+41% $4/mo | $63/yr+98% $5/mo |
Yield-on-cost grows from 3.19% → 6.31% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
WEC has raised its dividend for 11 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 7.07% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.89× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.