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WEC Energy GroupWEC

Electric Utilities · Milwaukee, Wisconsin · In the S&P 500
Solid businessPricier than peers
$116.07+1.26%After hours: $116.07 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 1.3% over 1 year
WEC Energy Group over 1 yearDaily close, $, to 30 Oct 2026
$105$110Nov2026MarMayJulSep$116.07$110NovMarJul$116.07
Source: Nasdaq daily closes
Market value$37.82B
Price to earnings21.1x
Forward P/E21.9x
Dividend yield3.28%
Year to date+10.1%
One year+1.3%
Next earningsNot scheduled
SectorUtilities
52-week range (closes)
$100.78$118.85

Quality and valuation

How WEC Energy Group compares with other utilities stocks. A description, not a recommendation.

WEC Energy Group and 7 electric utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among utilities companies, priced above most of them.

WEC Energy Group trades at 21.9 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +8.1% vs +8.3%
  • Keeps less of each sale (gross margin): 65.9% vs 75.8%
  • More profitable (operating margin): 23.5% vs 23.0%
WEC trades at 21.9x forward earnings, above the sector medianForward p/e, Electric Utilities peers
VST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6xVST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 21.1x earnings, WEC is cheaper than its average since Nov 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x22x24xAverage 22.0x2025202621.1x20x22x25xAverage 22.0x2025202621.1x
Source: Nasdaq prices; SEC filings

Financials

From WEC Energy Group's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 8.9% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bn$3bnQ4 ’24Q2 ’25Q4 ’25$2.3bnQ3 ’26$0bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.3bnQ3 ’26
Source: SEC filings
Growth sped up to +8.9% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’258.9%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’258.9%Q3 ’26
Source: SEC filings
Operating margin was 24.6% last quarterOperating income as a share of revenue, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2524.6%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2524.6%Q3 ’26
Source: SEC filings
Free cash flow by quarterQuarterly free cash flow (operating cash flow minus capex), $m
−$500m$0mQ2 ’25−$36mQ3 ’26−$500m$0mQ2 ’25−$36mQ3 ’26
Source: SEC filings
Last 12 monthsWECSector median
Revenue growth+8.1%+8.3%
Gross margin65.9%75.8%
Operating margin23.5%23.0%
Price to earnings21.1x21.1x

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Similar companies

Electric Utilities, by market value.

CompanyPriceTodayYTDValue
SOSouthern$93.71+0.77%+7.5%$108B
DUKDuke Energy$127.39+1.18%+8.7%$99.33B
CEGConstellation Energy$262.38−0.83%−25.7%$92.96B
AEPAmerican Electric Power$130.21+0.67%+12.9%$70.90B
ETREntergy$110.11+0.13%+19.1%$52.61B
EXCExelon$46.16+0.54%+5.9%$47.65B
VSTVistra$138.37−1.83%−14.2%$46.44B
PEGPublic Service Enterprise Group$74.29+0.90%−7.5%$37.03B