WEC Energy Group, Inc. (WEC) Stock

About WEC Energy Group, Inc.

WEC Energy Group, Inc. is a major energy provider operating across the United States, delivering regulated natural gas and electricity, as well as both regulated and non-regulated renewable energy services. The company's operations are divided into six main business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its electricity generation relies on a diverse portfolio of sources, including coal, natural gas, oil, hydroelectric, wind, solar, and biomass. Beyond power generation, WEC Energy Group also provides electric transmission services, manages retail natural gas distribution, handles natural gas transportation, and is involved in the production, distribution, and sale of steam. As of December 31, 2021, the company's vast infrastructure network included approximately 35,800 miles of overhead electricity distribution lines and 35,600 miles of underground cables. This electrical system was supported by 440 distribution substations and 510,500 line transformers. For natural gas, its network comprised 50,900 miles of distribution mains, 1,200 miles of transmission mains, 2.3 million lateral services, and 500 distribution and transmission gate stations. Furthermore, WEC Energy Group managed 68.2 billion cubic feet of working gas capacity within its underground natural gas storage facilities. The company, founded in 1981, was previously known as Wisconsin Energy Corporation until it officially adopted the name WEC Energy Group, Inc. in June 2015. Its corporate headquarters are located in Milwaukee, Wisconsin.

WEC Energy Group, Inc. is led by CEO Scott J. Lauber, employs 7,000 people, headquartered in Milwaukee, US, publicly traded since 1980.

WEC Energy Group, Inc. (WEC) stock trades at $114.57 with a market capitalization of $37.32B. The stock is valued at a price-to-earnings (P/E) ratio of 22.48, price-to-book of 2.68, price-to-sales of 3.62. Over the past 52 weeks the stock has ranged between $102.49 and $119.90, and currently trades 4.4% below its 52-week high. It pays a dividend yielding 3.29%.

On profitability, WEC Energy Group, Inc. generates a return on equity (ROE) of 11.68%, return on capital employed of 16.90%, an operating margin of 23.97%, a net profit margin of 16.25%.

In its most recent fiscal year, WEC Energy Group, Inc. reported annual revenue of $9.8B, net profit of $1.6B, revenue has compounded at 6.2% a year over the last five years, profit at 5.3% a year.

The balance sheet shows a debt-to-equity ratio of 1.58, a current ratio of 0.47, total assets of $51.5B, $28.0M in cash and equivalents.

WEC has an average daily trading volume of 2,090,356 shares, a beta of 0.47 (less volatile than the overall market).

Official website: www.wecenergygroup.com