WEC Energy Group
WEC on NYSE. WEC Energy Group Energy Group sells electricity and natural gas to homes and businesses. Market value $33.0bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-3.09 of spare cash last year. A savings account pays about $4.
You pay 24.2 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 68 of 100. Price score: 39 of 100. Our list needs 70 on quality and 60 on price.
$101.30 a share, at its 1-year low
Over the past year the price has ranged from $99.80 to $119.91.
Dividend: 3.5% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8.3bn | $9.6bn | $8.9bn | $8.6bn | $9.8bn |
| Operating margin | |||||
| Operating margin | 20.6% | 20.0% | 21.5% | 25.0% | 22.9% |
| Debt to equity | |||||
| Debt to equity | 1.40 | 1.49 | 1.56 | 1.59 | 1.59 |
| Shares outstanding | |||||
| Shares outstanding | 0.32bn | 0.32bn | 0.32bn | 0.33bn | 0.33bn |
Health checks
- Free cash flow positive2 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)Yes
- Debt1.59× equity
- Revenue growth, five yearsSlow, 6.2% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2.1 billion last quarter, up 3% on a year ago.
- Profit: $299 million, up 22% on a year ago.
- It keeps 23 cents of each $1 of sales as operating profit, down from 25 cents a year earlier.
- 2% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $22.9 billion more than cash, up from $20.5 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.9bn |
| December 2024 | $2.3bn |
| March 2025 | $3.1bn |
| June 2025 | $2.0bn |
| September 2025 | $2.1bn |
| December 2025 | $2.5bn |
| March 2026 | $3.4bn |
| June 2026 | $2.1bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $240m |
| December 2024 | $454m |
| March 2025 | $724m |
| June 2025 | $245m |
| September 2025 | $271m |
| December 2025 | $317m |
| March 2026 | $804m |
| June 2026 | $299m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 29 October 2026
- Last annual report (10-K)
- 20 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
4 long-term investors we follow own it, unchanged from 4 last quarter. 1,405 funds in all.
- Bruce & Co.R. Jeffrey Bruce
- Value
- $460,658
- Share of fund
- 0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Mairs & PowerAndy Adams | $209m | 1.9% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $35m | <0.1% | Added |
| Heartland AdvisorsBill Nasgovitz | $13m | 0.6% | Added |
| Bruce & Co.R. Jeffrey Bruce | $460,658 | 0.1% |
Largest holders overall
- BlackRock$3.9bn
- Vanguard Capital Management$2.5bn
- State Street$2.5bn
- Vanguard Portfolio Management$2.0bn
- Geode Capital Management$1.1bn
- Bank of America$1.0bnAdded
- Wells Fargo & Company$1.0bn
- Deutsche Bank AG$707mAdded
- Ameriprise Financial$681mAdded
- Charles Schwab Investment Management$630m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.2%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.2% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 6 sold $6m.
- PAYNE ULICE JRDirectorSold
- Date
- 11 August 2026
- Shares
- 980
- Price
- $105.58
- Value
- $103,468
- Krueger DanielEVP WEC InfrastructureSold
- Date
- 19 May 2026
- Shares
- 4,665
- Price
- $110.96
- Value
- $517,618
- PAYNE ULICE JRDirectorSold
- Date
- 24 February 2026
- Shares
- 1,450
- Price
- $114.60
- Value
- $166,170
- KLAPPA GALE EDirectorSold
- Date
- 23 February 2026
- Shares
- 3,180
- Price
- $115.44
- Value
- $367,099
- KLAPPA GALE EDirectorSold
- Date
- 17 February 2026
- Shares
- 5,000
- Price
- $116.55
- Value
- $582,750
- Straka Mary BethSr. VP-Corp Comm & Inv RelSold
- Date
- 13 February 2026
- Shares
- 2,815
- Price
- $115.50
- Value
- $325,133
- KLAPPA GALE EDirectorSold
- Date
- 13 February 2026
- Shares
- 25,000
- Price
- $115.44
- Value
- $3m
- Lauber Scott JPresident and CEO, DirectorSold
- Date
- 9 February 2026
- Shares
- 8,089
- Price
- $110.70
- Value
- $895,452
- Erickson Joshua MVP and Deputy General CounselSold
- Date
- 7 November 2025
- Shares
- 100
- Price
- $112.47
- Value
- $11,247
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 August 2026 | PAYNE ULICE JR Director | Sold | 980 | $105.58 | $103,468 |
| 19 May 2026 | Krueger Daniel EVP WEC Infrastructure | Sold | 4,665 | $110.96 | $517,618 |
| 24 February 2026 | PAYNE ULICE JR Director | Sold | 1,450 | $114.60 | $166,170 |
| 23 February 2026 | KLAPPA GALE E Director | Sold | 3,180 | $115.44 | $367,099 |
| 17 February 2026 | KLAPPA GALE E Director | Sold | 5,000 | $116.55 | $582,750 |
| 13 February 2026 | Straka Mary Beth Sr. VP-Corp Comm & Inv Rel | Sold | 2,815 | $115.50 | $325,133 |
| 13 February 2026 | KLAPPA GALE E Director | Sold | 25,000 | $115.44 | $3m |
| 9 February 2026 | Lauber Scott J President and CEO, Director | Sold | 8,089 | $110.70 | $895,452 |
| 7 November 2025 | Erickson Joshua M VP and Deputy General Counsel | Sold | 100 | $112.47 | $11,247 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.