WEC ENERGY GROUP, INC. News

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WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, and oil, as well as hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2022, it operated approximately 35,600 miles of overhead distribution lines and 36,100 miles of underground distribution cables, as well as 430 electric distribution substations and 514,800 line transformers; 52,000 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

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WEC ENERGY GROUP, INC. Market News

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WEC Energy Q1 Beat, Guidance & Governance Move Now

  • WEC Energy reported a stronger-than-expected Q1 with $2.45 EPS and reiterated full-year guidance of $5.51–$5.61. Solid cash flow and heavy capex underpin the company’s regulated growth story, while recent insider sales and institutional trimming temper sentiment. A May 7 annual meeting will consider governance changes that could influence shareholder dynamics.
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