WEC Energy (WEC) stock
Utilities · Electric Utilities
WEC Energy (WEC) is an Electric Utilities company in the Utilities sector, headquartered in Milwaukee, Wisconsin. As of October 23, 2026, WEC closed at $111.09, a market capitalization of $36.20 billion, the 289th largest company in the S&P 500. Over the last twelve months it generated $10.14 billion in revenue (+3% year over year) and -$1.37 billion in free cash flow. The stock trades at 21.6x trailing earnings and 18.5x forward earnings.
- 1-year total return: -0.9% (dividends reinvested)
- 5-year return: +7.5% a year
- 52-week range: $99.80 – $119.91
- Gross margin 41.9%, operating margin 21.8%
- Dividend yield: 3.43%, 22 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 14th largest of 31 Utilities stocks in the S&P 500
WEC price chart
1Y price change: -4.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WEC | +9.8% | +8.1% | -0.9% | +15.4% | +7.5% | +10.3% | +12.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
WEC key statistics
- Market cap
- $36.2B
- #289 in S&P 500
- P/E (TTM)
- 21.6x
- Forward P/E
- 18.5x
- EPS (TTM)
- $5.15
- Revenue (TTM)
- $10.1B
- +3%
- Free cash flow
- -$1.4B
- Gross margin
- 41.9%
- Operating margin
- 21.8%
- Return on equity
- 12.0%
- Dividend yield
- 3.43%
- 52-week range
- $99.80 – $119.91
- Beta
- 0.44
- Price / sales
- 3.6x
- EV / EBITDA
- 15.0x
- Debt / equity
- 1.58x
- Employees
- 7,000
WEC report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth2.6%D
- Gross margin41.9%B
- Operating margin21.8%B
- FCF margin-13.5%F
- Return on equity12.0%C
- Net debt / EBITDA5.8xF
- Forward P/E18.5xB
- PEG ratio2.0xD
- Shareholder yield3.4%B
- Share count change / yr0.5%C
WEC Energy financials
Revenue went from $7.5B in fiscal 2016 to $9.8B in fiscal 2025, growing 3.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $7.6B | $7.7B | $7.5B | $7.2B | $8.3B | $9.6B | $8.9B | $8.6B | $9.8B |
| Gross profit | $4.8B | $4.8B | $4.8B | $4.8B | $4.9B | $5.0B | $5.2B | $5.7B | $5.9B | $6.5B |
| Operating income | $1.7B | $1.8B | $1.5B | $1.5B | $1.7B | $1.7B | $1.9B | $1.9B | $2.2B | $2.2B |
| Net income | — | $1.2B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.3B | $1.5B | $1.6B |
| EPS (diluted) | $2.96 | $3.79 | $3.34 | $3.58 | $3.79 | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
| Free cash flow | $680.1M | $119.1M | $28.4M | -$183.5M | -$678.3M | -$340.0M | -$636.2M | — | — | — |
| Buybacks | $108.0M | $71.3M | $72.4M | $140.1M | $99.2M | $33.1M | $69.2M | $16.6M | $3.2M | $1.3M |
| Dividends paid | $624.9M | $656.5M | $697.3M | $744.5M | $798.0M | $854.8M | $917.9M | $984.2M | $1.1B | $1.1B |
| Diluted shares | 316.9M | 317.2M | 316.9M | 316.7M | 316.5M | 316.3M | 316.1M | 315.9M | 316.5M | 323.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WEC?
A reverse DCF asks what growth the current price requires. With an enterprise value of $59.2B and -$1.4B of trailing free cash flow, WEC Energy needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 23.1x vs. median 21.8x (10th–90th percentile 17.4x–25.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WEC dividend
- Dividend yield
- 3.43%
- Annual dividend
- $3.81
- Years of increases
- 22
- 5-yr dividend growth
- 7.1%
- per year
- Payout ratio
- 72%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
WEC analyst price targets
18 analysts' average 12-month target is $116.83 (+5% vs. $111.09). Targets range from $106.50 to $131.00. 40% rate it a buy.
WEC earnings
Next report: October 29, 2026. WEC Energy has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $2.1B (+3% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $0.81 | $0.91 | +12.3% |
| May 5, 2026 | $2.30 | $2.45 | +6.5% |
| Feb 5, 2026 | $1.39 | $1.42 | +2.3% |
| Oct 30, 2025 | $0.81 | $0.83 | +2.4% |
| Jul 30, 2025 | $0.71 | $0.76 | +7.6% |
| May 6, 2025 | $2.18 | $2.27 | +4.3% |
| Feb 4, 2025 | $1.42 | $1.43 | +0.5% |
| Oct 31, 2024 | $0.70 | $0.82 | +17.1% |
Stocks like WEC
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SO Southern | -0.99% | -0% | $106.9B | 22.4x | Compare |
 DUK Duke Energy Corporation (Holdin | -0.33% | +2% | $97.4B | 18.8x | Compare |
 CEG Constellation Energy Corporatio | -0.69% | -30% | $89.8B | 24.8x | Compare |
 AEP American Electric Power | -0.73% | +15% | $70.6B | 22.5x | Compare |
 ETR Entergy | -0.79% | +15% | $51.3B | 27.5x | Compare |
 VST Vistra | -0.48% | -26% | $47.0B | 23.6x | Compare |
 EXC Exelon | -0.94% | -3% | $45.8B | 16.3x | Compare |
 PEG Public Service Enterprise | -0.96% | -10% | $35.9B | 17.9x | Compare |
WEC news
- WEC Energy Group (WEC) Shares Moved, So What Is Driving Attention Now? · Oct 23, 2026
- WEC Energy Group to announce 2026 third-quarter results Oct. 29 · Oct 22, 2026
- WEC Energy Group (WEC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 22, 2026
- Dominion vs. WEC Energy: Which Dividend Stock Pays You More in 10 Years? · Oct 16, 2026
- WEC Energy Group declares quarterly dividend · Oct 15, 2026
WEC stock FAQ
What is WEC's market cap?
WEC Energy's market capitalization is $36.20 billion as of October 23, 2026, ranking 289th in the S&P 500.
What is WEC's P/E ratio?
WEC trades at a trailing price-to-earnings ratio of 21.6x and a forward P/E of 18.5x. Its median P/E over the period we track is 21.8x.
Does WEC pay a dividend?
Yes. WEC Energy pays $3.81 per share a year, a 3.43% yield. It has raised its dividend 22 years in a row. Dividends grew 7.1% a year over the last five years.
How much has WEC stock returned?
Including reinvested dividends, WEC returned -0.9% over one year, +7.5% a year over five years, +10.3% a year over ten years through October 23, 2026.
What is the WEC price target?
18 analysts cover WEC with an average 12-month price target of $116.83, +5% from the current price. 40% of them rate it a buy.
When does WEC report earnings?
WEC Energy is expected to report earnings on October 29, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does WEC Energy have?
WEC Energy has about 7,000 full-time employees, or $1.4 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology