WEC Energy Group Inc (WEC)

Over the past six months, WEC Energy Group's stock has experienced several notable events. As of early February 2026, the stock was up 4.94% over the past 30 days and 11.28% over the past 12 months. The company's stock price increased by 9.42% over the last 12 months, with a year-to-date return of 4.57% and a 4.56% increase in the past month. The all-time high closing price for WEC Energy stock was $116.56 on October 20, 2025. In February 2026, WEC Energy Group reported its Q4 2025 financial results. While the reported GAAP net income for the full year 2025 was $1.6 billion, or $4.81 per share, a slight decline from 2024, the adjusted earnings for the full year 2025 increased to $5.27 per share, an 8% rise over 2024 adjusted earnings. The company's Q4 2025 earnings per share (EPS) of $0.97 missed expectations, but revenue reached $2.54 billion, surpassing forecasts. Despite the EPS miss, the stock rose by 2.63% in pre-market trading, indicating investor optimism regarding strong revenue performance and positive future guidance. WEC Energy Group also announced a 6.7% dividend increase to an annualized $3.81 per share in January 2026, marking the 23rd consecutive year of dividend increases. The company has a robust $37.5 billion capital plan over the next five years to meet growing energy demands, driven by significant economic growth in its region, including partnerships with major corporations like Microsoft and Vantage Data Centers. WEC is projecting long-term earnings per share growth of 7% to 8% annually between 2026 and 2030.

Demand for WEC Energy Group's products and services, particularly electricity and natural gas, is subject to seasonality, largely influenced by weather conditions. Weather impact positively affected utility earnings by approximately $0.35 per share in 2025. The company's operations are designed to meet peak demand, especially for natural gas during the coldest days of the year. We Energies completed two new liquefied natural gas (LNG) facilities between 2023 and 2024 to meet peak demand. Additionally, there are specific agricultural seasonal use rates for natural gas, indicating varying demand patterns for different customer segments throughout the year. Retail electric deliveries in Wisconsin, excluding the iron ore mine, increased by 1.1% on a weather-normal basis in 2025, with a projected 1.6% increase for 2026, and large commercial and industrial demand expected to grow by 5.8%. Natural gas deliveries in Wisconsin, excluding power generation, were 11.5% higher in 2025, though on a weather-normal basis, they were 0.5% lower.

WEC Energy Group, Inc. is a diversified utility holding company based in Milwaukee, Wisconsin, providing regulated natural gas and electricity, as well as renewable and non-regulated renewable energy services. The company operates primarily in the diversified utilities sector, generating, transmitting, and distributing electricity, and distributing and transporting natural gas from various sources, including coal, natural gas, oil, nuclear, hydroelectric, wind, solar, and biomass. Its principal utility subsidiaries include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. WEC Infrastructure LLC also owns a fleet of renewable generation facilities.

WEC Energy Group serves approximately 4.7 million customers across four states in the U.S. Midwest: Wisconsin, Illinois, Michigan, and Minnesota. The company's operations are segmented across these states, with subsidiaries like We Energies and Wisconsin Public Service serving Wisconsin, Peoples Gas and North Shore Gas in Illinois, Michigan Gas Utilities and Upper Michigan Energy Resources in Michigan, and Minnesota Energy Resources in Minnesota.

WEC Energy Group maintains a strong focus on customer satisfaction, achieving a top ranking in E Source's 2024 Utility Business Customer Satisfaction Study with a score of 9.5 out of 10. The company is committed to environmental goals, such as aiming for a 60% reduction in carbon emissions by the end of 2025 and eliminating coal as an energy source by 2032, also contributes positively to its brand reputation. WEC is actively investing in renewable energy projects, including solar, wind, and battery storage, and exploring emerging technologies like hydrogen power and renewable natural gas, with a goal of achieving net carbon neutrality by 2050. However, a notable event impacting the company's financial results and potentially its reputation in the past year was a one-time charge of $0.46 per share related to a proposed settlement in Illinois, involving a $130 million rate-based reduction and $125 million in customer credits over three years, and the company is facing ongoing regulatory challenges and pending rate reviews in Illinois.

WEC Energy Group's ownership is predominantly held by institutional investors, who collectively hold approximately 67.08% of the company's shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Wellington Management Group Llp, Geode Capital Management, Llc, Wells Fargo & Company/Mn, and Bank Of America Corp /De/. As of December 31, 2025, Vanguard Group Inc. held 41,099,951 shares.