WEC Energy (WEC)

Company Profile

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 • Consolidated Edison • Exelon • Public Service Enterprise • Xcel Energy • Ameren • NiSource • CMS Energy • Consumers Energy ...

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

Analyst ratings and price targets

Last 3 months

Average target

$102.00

Low target

$98.00

High target

$105.00

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

19 May 23

8-K

Submission of Matters to a Vote of Security Holders

3 May 23

WEC Energy Group reports first-quarter results

1 May 23

PX14A6G

Letter to shareholders

Prospectus for primary offering

5 Apr 23

FWP

Free writing prospectus

4 Apr 23

424B5

Prospectus supplement for primary offering

4 Apr 23

8-K

Regulation FD Disclosure

27 Mar 23

Transcripts

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WEC

Earnings call transcript

2023 Q1

1 May 23

WEC

Earnings call transcript

2022 Q4

2 Feb 23

WEC

Earnings call transcript

2022 Q3

1 Nov 22

WEC

Earnings call transcript

2022 Q2

3 Aug 22

WEC

Earnings call transcript

2022 Q1

2 May 22

WEC

Earnings call transcript

2021 Q4

4 Feb 22

WEC

Earnings call transcript

2021 Q3

2 Nov 21

WEC

Earnings call transcript

2021 Q2

3 Aug 21

WEC

Earnings call transcript

2021 Q1

4 May 21

WEC

Earnings call transcript

2020 Q4

4 Feb 21

Latest ownership filings

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ULICE PAYNE JR

10 May 23

144

Notice of proposed sale of securities

9 May 23

Cristina A Garcia-Thomas

Financial summary

Financial statements Chart WEC financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	128.00 mm	128.00 mm	128.00 mm	128.00 mm	128.00 mm	128.00 mm
Cash burn (monthly)	18.07 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	34.88 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	93.12 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	5.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from WEC Energy earnings reports.

Institutional ownership, Q1 2023

WEC institutional ownership history Ownership history

74.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	960	1015	-5.4%
Opened positions	78	140	-44.3%
Closed positions	133	91	+46.2%
Increased positions	355	334	+6.3%
Reduced positions	300	330	-9.1%

13F shares	Current	Prev Q	Change
Total value	22.17 tn	22.22 tn	-0.2%
Total shares	233.99 mm	237.13 mm	-1.3%
Total puts	253.10 k	234.00 k	+8.2%
Total calls	136.40 k	162.60 k	-16.1%
Total put/call ratio	1.9	1.4	+28.9%

Largest owners	Shares	Value	Change
Vanguard	42.22 mm	$4.00 tn	+0.3%
BLK Blackrock	29.70 mm	$2.82 tn	-0.9%
STT State Street	18.39 mm	$1.74 tn	-2.8%
WFC Wells Fargo & Co.	7.55 mm	$715.57 bn	+2.6%
Geode Capital Management	6.81 mm	$643.70 bn	+1.0%
BAC Bank Of America	6.28 mm	$594.91 bn	+8.4%
JPM JPMorgan Chase & Co.	5.49 mm	$520.81 bn	-9.0%
Deutsche Bank AG - Registered Shares	5.26 mm	$498.95 bn	-1.1%
Magellan Asset Management	4.54 mm	$430.77 bn	-12.3%
NTRS Northern Trust	4.48 mm	$425.02 bn	-1.9%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price Investment Management	2.01 mm	+2.01 mm	NEW
T. Rowe Price	2.82 mm	-1.78 mm	-38.7%
BMO Bank of Montreal	0.00	-845.76 k	EXIT
Qube Research & Technologies	148.40 k	-695.29 k	-82.4%
Magellan Asset Management	4.54 mm	-639.29 k	-12.3%
JPM JPMorgan Chase & Co.	5.49 mm	-544.19 k	-9.0%
STT State Street	18.39 mm	-533.32 k	-2.8%
Virginia Retirement Systems Et Al	0.00	-509.70 k	EXIT
BAC Bank Of America	6.28 mm	+487.97 k	+8.4%
Eagle Asset Management	394.05 k	+394.05 k	NEW

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.

Recent insider trades

WEC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 May 23	Payne Ulice JR	Common Stock	Sell	Dispose S	No	No	94.356	1,500	141.53 k	21,503.136
10 Apr 23	Cristina A Garcia-Thomas	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	97.64	140.823	13.75 k	3,085.25
10 Apr 23	Thomas K Lane	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	97.64	281.647	27.50 k	6,357.155
10 Apr 23	Mary Ellen Stanek	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	97.64	281.647	27.50 k	39,306.761
10 Apr 23	Danny L Cunningham	Phantom Stock Units Common Stock	Grant	Acquire A	No	No	97.64	332.855	32.50 k	11,565.384