WEC Energy Group Inc (WEC)

In the past six months, WEC Energy Group's stock has generally shown strong performance, outperforming the S&P 500 Index and the US Integrated Utilities industry. The stock experienced a slight drop after mixed Q4 2024 results but increased its quarterly dividend by 6.9% in January 2025. Positive first-quarter results for 2025 were reported, and the company announced an upsized offering of convertible senior notes due 2028.

Demand for WEC Energy Group's electricity and natural gas is significantly influenced by weather conditions, with higher electricity demand in summer and winter and peak natural gas demand during the winter heating season. Milder temperatures can lead to lower revenues, and the company manages this seasonality through strategies like buying and storing natural gas and securing guaranteed contracts.

WEC Energy Group, Inc. is an energy holding company engaged in electricity generation and distribution, and natural gas delivery, operating within the Utilities sector. It serves residential, commercial, and industrial customers with a diverse portfolio of power plants and operates through subsidiaries like We Energies and Wisconsin Public Service. As of April 2025, WEC Energy Group had a market capitalization of $34.12 billion and reported $8.6 billion in revenue for 2024.

WEC Energy Group serves approximately 4.7 million customers across four U.S. states: Wisconsin, Illinois, Michigan, and Minnesota, where its electric and gas utility businesses operate.

WEC Energy Group has generally maintained a positive brand reputation in terms of customer satisfaction, ranking highest in E Source's 2024 Utility Business Customer Satisfaction Study for large business customers. However, the company faced public criticism in September 2024 regarding proposed large residential rate increases and investments in fossil fuel infrastructure, raising concerns about higher customer bills and increased pollution.

Institutional investors hold a significant majority of WEC Energy Group's shares, between 65.92% and 79%, with major holders including The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. The general public holds around 21% to 33.91% of the company, while insiders own typically under 1% of the shares.