Latest revenue
$3.43B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $35.85B
- Enterprise value
- $56.62B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 3.3%
- 52-wk high
- $119.62
- 52-wk low
- $102.49
- Beta
- —
- Shares out
- 316.1M
5-year trend
What this company does
WEC Energy Group is a Midwest utility holding company that delivers electricity and natural gas to roughly 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, while also owning stakes in transmission and renewable generation. Regulated utility rates on power and gas sales drive nearly all revenue, which rose 15% year-over-year to $7.3 billion through nine months. The company is executing an aggressive capital plan, with capex jumping 60% to $3.1 billion and a $406 million Hardin III solar acquisition, funded by heavy equity issuance and new debt.
Generated from WEC's filing dated 2026-02-20
Key risks
- Heavy capex outspending cash flow: $3.1B capex YTD vs $2.95B operating cash flow, driving $1.94B debt issuance and $746M equity dilution.
- Rising leverage and interest burden: long-term debt $17.7B plus $3.16B current/short-term debt; interest expense up 12% YoY to $667M.
- Regulatory dependence: $3.22B regulatory assets and $3.94B regulatory liabilities make earnings highly sensitive to Wisconsin/Illinois rate-case outcomes.
Generated from WEC's filing dated 2026-02-20
Profitability
Operating margin
22.9%
8.5%Leverage
Debt / equity
15.62×
Long-term debt / equity
5.76×
Debt / assets
94.0%
Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.43B | +9.0% | — | — | — |
Q4 2025 2025-12-31 | $2.54B | +11.1% | — | — | — |
Q3 2025 2025-09-30 | $2.10B | +12.9% | — | — | — |
Q2 2025 2025-06-30 | $2.01B | +13.4% | — | — | — |
Q1 2025 2025-03-31 | $3.15B | +17.5% | — | — | — |
Q4 2024 2024-12-31 | $2.28B | — | — | — | — |
Q3 2024 2024-09-30 | $1.86B | -4.8% | — | — | — |
Q2 2024 2024-06-30 | $1.77B | -3.2% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Electric & Other Services Combined · SIC 4931
Your notes
Keep private notes on WEC — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$14.9M
Net activity
−$14.9M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns WEC
Institutional value
$12.96B
Total shares held
114.6M
Distinct holders
757
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 21.1M | $2.45B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.8M | $1.94B | — | New |
| 3 | WELLS FARGO & COMPANY/MN | 8.6M | $991.0M | — | New |
| 4 | DEUTSCHE BANK AG\ | 5.9M | $686.7M | — | New |
| 5 | Invesco Ltd. | 4.6M | $535.0M | — | New |
| 6 | ENVESTNET ASSET MANAGEMENT INC | 3.6M | $419.5M | — | New |
| 7 | Nuveen, LLC | 3.6M | $415.7M | — | New |
| 8 | FEDERATED HERMES, INC. | 3.4M | $396.4M | — | New |
| 9 | Legal & General Group Plc | 2.6M | $304.2M | — | New |
| 10 | PNC Financial Services Group, Inc. | 2.3M | $266.2M | — | New |
| 11 | Bank of New York Mellon Corp | 2.0M | $233.2M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 1.8M | $212.1M | — | New |
| 13 | UBS Group AG | 1.5M | $175.8M | — | New |
| 14 | DIMENSIONAL FUND ADVISORS LP | 1.3M | $148.9M | — | New |
| 15 | Magellan Asset Management Ltd | 1.3M | $146.0M | — | New |
| 16 | STIFEL FINANCIAL CORP | 1.2M | $142.9M | — | New |
| 17 | LPL Financial LLC | 1.2M | $138.7M | — | New |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 1.2M | $138.4M | — | New |
| 19 | CITIGROUP INC | 1.2M | $137.1M | — | New |
| 20 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 981.3K | $113.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Capex jumped 60% to $3.1B YTD with $747M equity issuance—how much further dilution should holders expect to fund the five-year plan?
- 2
Short-term debt plus current long-term debt now exceeds $3.16B against only $51M cash; what's the refinancing plan amid higher rates?
- 3
Interest expense rose 12% to $667M while other income fell 47%—what's the run-rate drag on 2026 EPS guidance?
Refreshed when WEC files a new report · last from 2026-02-20