WEC Energy Group, Inc. (WEC) AI Stock Analysis

NYSE: WECAI research summary: business, growth, valuation, analysts, bull and bear case.

WEC AI stock analysis summary

AI Research

WEC Energy Group, Inc. is a regulated natural gas and electric utility provider serving customers across multiple states. For the trailing twelve months, the company generated $10.14B in revenue with a net profit margin of 16.7%. Growth remains steady, though high capital investments resulted in FY2025 free cash flow of -$1.02B alongside total debt of $22.98B.

Market cap
$35.42B
Revenue (TTM)
$10.14B
P/E
21.1x
fwd 16.9x
1Y return
-3.2%
S&P 500 16.8%
Avg. target
$118.91
9.4% vs last close

Bull case

  • WEC achieved strong earnings consistency, topping EPS estimates in all 4 trailing quarters and delivering 19.7% quarterly earnings growth as of June 30, 2026.
  • Shareholder distributions remain steady, supported by 41 consecutive years of dividend payments and a 5-year annualized dividend growth rate of 7.1%.
  • Analyst forecasts model revenue expansion to $10.27B in FY2026 and $10.81B in FY2027 alongside EPS reaching $6.01.

Bear case

  • Substantial capital expenditures of $4.40B in FY2025 drove annual free cash flow negative to -$1.02B.
  • Balance sheet leverage is notable, with total debt of $22.98B, cash of $50.0M, and a current ratio of 0.45.
  • Trailing stock performance has lagged the broader market, posting a 1-year return of -3.2% against 16.8% for the S&P 500.

What WEC Energy does

WEC Energy Group, Inc., operating through its subsidiaries, is a provider of regulated natural gas, electricity, and renewable energy services across the United States. It operates across six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its generation assets include coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources. WEC Energy Group also provides electric transmission, retail natural gas distribution, natural gas transportation, and steam generation. As of December 31, 2021, its infrastructure spanned approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables serving residential, commercial, and industrial customers.

Growth and profitability

Between FY2020 and FY2025, WEC Energy Group grew its revenue at a 5-year CAGR of 6.2%. Annual revenue reached $9.80B in FY2025, up 14.0% year-over-year, following declines of 7.3% in FY2023 and 3.3% in FY2024. FY2025 net income stood at $1.56B with an operating margin of 24.2% and EPS of $5.28, up from $4.11 in FY2021. For the trailing twelve months ending June 30, 2026, revenue totaled $10.14B with EPS of $5.15 and an operating margin of 21.8%. In the latest quarter ending June 30, 2026, quarterly revenue increased 2.6% year-over-year, while quarterly earnings expanded 19.7%.

WEC income statement →

Balance sheet and cash flow

As of June 30, 2026, WEC Energy Group held $50.0M in cash and short-term investments against $22.98B in total debt, resulting in net debt of $22.93B and a debt-to-equity ratio of 1.63. The company reported a current ratio of 0.45. Operating cash flow reached $3.38B in FY2025. Capital expenditures of $4.40B exceeded operating cash generation, leading to free cash flow of -$1.02B. Cash outlays during FY2025 also included $1.15B paid in dividends and $1.3M in share buybacks, while the share count increased 4.0% over five years.

WEC balance sheet →

Valuation and performance

At $108.71, WEC Energy Group trades at a trailing P/E of 21.1x and a forward P/E of 16.9x, compared to medians of 20.9x and 16.0x for its S&P 500 Utilities peers. Its price-to-sales ratio is 3.5x versus the peer median of 2.9x, and its EV/EBITDA is 13.2x compared to the peer median of 12.2x. Over the past year, WEC returned -3.2% while the S&P 500 returned 16.8%. Over five years, the stock gained 43.2% compared to an 83.0% return for the benchmark.

WEC key metrics →

WEC dividend

WEC Energy Group pays an annualized forward dividend of $3.81 per share, representing a 3.50% dividend yield and a payout ratio of 66.8%. The company has distributed dividends for 41 consecutive years. Its dividend has grown at an annualized rate of 7.1% over the past five years, with distributions made on a quarterly schedule.

WEC dividend history →

What analysts expect

Consensus analyst coverage includes 6 Strong Buy, 2 Buy, 10 Hold, and 1 Strong Sell recommendations. The mean price target of $118.91 implies 9.4% upside from the October 16, 2026 close of $108.71. For the fiscal year ending December 31, 2026, analysts estimate EPS of $5.60 on revenue of $10.27B. The company beat EPS estimates in each of the last 4 quarters, with next earnings scheduled for October 29, 2026.

WEC forecast and price target →

Key risks and what to watch

  • A low current ratio of 0.45 and cash reserves of $50.0M require continued access to capital markets to manage short-term commitments.
  • Total debt of $22.98B against shareholders' equity of $14.13B leaves the firm with a debt-to-equity ratio of 1.63.
  • Valuation multiples trade above the S&P 500 Utilities peer medians, including forward P/E of 16.9x versus 16.0x and EV/EBITDA of 13.2x versus 12.2x.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this WEC AI stock analysis

This page is an AI-written research summary of WEC Energy Group, Inc. (WEC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: WEC income statement, WEC balance sheet, WEC key metrics, WEC analyst forecast, WEC chart. See the WEC stock overview for the latest quote and news.

WEC AI stock analysis FAQ

What dividend does WEC Energy Group pay?

WEC Energy Group pays an annual forward dividend of $3.81 per share, which equates to a 3.50% yield. The payout ratio stands at 66.8%, and the company has paid dividends for 41 consecutive years.

What are analysts' price targets and expectations for WEC?

The analyst mean price target is $118.91, representing 9.4% upside over the last closing price of $108.71. For FY2026, analysts anticipate EPS of $5.60 on revenue of $10.27B.

How leveraged is WEC Energy Group's balance sheet?

As of June 30, 2026, WEC had $22.98B in total debt and $50.0M in cash and short-term investments, resulting in net debt of $22.93B. Its debt-to-equity ratio was 1.63 and its current ratio was 0.45.

When is WEC Energy Group's next earnings report?

WEC Energy Group is scheduled to report its next earnings on October 29, 2026. The company has exceeded EPS expectations in each of the past 4 quarters.

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