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WEC Energy Group

NYSE:WEC
Snowflake Description

Established dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WEC
NYSE
$26B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The last earnings update was 17 days ago. More info.


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WEC Share Price and Events
7 Day Returns
1.3%
NYSE:WEC
1.8%
US Integrated Utilities
-0.7%
US Market
1 Year Returns
34.4%
NYSE:WEC
20.5%
US Integrated Utilities
3%
US Market
WEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WEC Energy Group (WEC) 1.3% 6% 8% 34.4% 39.5% 79.3%
US Integrated Utilities 1.8% 1.4% 5.4% 20.5% 23.4% 34.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • WEC outperformed the Integrated Utilities industry which returned 20.5% over the past year.
  • WEC outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
WEC
Industry
5yr Volatility vs Market

Value

 Is WEC Energy Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for WEC Energy Group. This is due to cash flow or dividend data being unavailable. The share price is $80.9.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WEC Energy Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WEC Energy Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.45
NYSE:WEC Share Price ** NYSE (2019-05-17) in USD $80.9
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 19.7x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WEC Energy Group.

NYSE:WEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WEC Share Price ÷ EPS (both in USD)

= 80.9 ÷ 3.45

23.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WEC Energy Group is overvalued based on earnings compared to the US Integrated Utilities industry average.
  • WEC Energy Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does WEC Energy Group's expected growth come at a high price?
Raw Data
NYSE:WEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
5.6%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 14 Publicly-Listed Integrated Utilities Companies 2.55x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:WEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.43x ÷ 5.6%

4.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WEC Energy Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on WEC Energy Group's assets?
Raw Data
NYSE:WEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $31.65
NYSE:WEC Share Price * NYSE (2019-05-17) in USD $80.9
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.18x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:WEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WEC Share Price ÷ Book Value per Share (both in USD)

= 80.9 ÷ 31.65

2.56x

* Primary Listing of WEC Energy Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WEC Energy Group is overvalued based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess WEC Energy Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. WEC Energy Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is WEC Energy Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WEC Energy Group expected to grow at an attractive rate?
  • WEC Energy Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • WEC Energy Group's earnings growth is positive but not above the United States of America market average.
  • WEC Energy Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 5.6%
NYSE:WEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.6%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:WEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WEC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,874 2,362 1
2021-12-31 7,929 2,335 1,252 5
2020-12-31 8,055 2,238 1,185 9
2019-12-31 7,829 2,429 1,115 8
NYSE:WEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 7,770 2,287 1,089
2018-12-31 7,680 2,446 1,059
2018-09-30 7,658 2,341 1,287
2018-06-30 7,672 2,325 1,269
2018-03-31 7,631 2,258 1,237
2017-12-31 7,649 2,079 1,204
2017-09-30 7,557 2,127 966
2017-06-30 7,612 2,146 967
2017-03-31 7,582 2,122 949
2016-12-31 7,472 2,104 939
2016-09-30 7,358 1,941 924
2016-06-30 7,344 1,801 889

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WEC Energy Group's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • WEC Energy Group's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from WEC Energy Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WEC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.24 4.26 4.22 2.00
2021-12-31 3.96 3.98 3.95 6.00
2020-12-31 3.73 3.81 3.68 9.00
2019-12-31 3.52 3.54 3.51 9.00
NYSE:WEC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.45
2018-12-31 3.36
2018-09-30 4.08
2018-06-30 4.02
2018-03-31 3.92
2017-12-31 3.81
2017-09-30 3.06
2017-06-30 3.06
2017-03-31 3.01
2016-12-31 2.98
2016-09-30 2.93
2016-06-30 2.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • WEC Energy Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess WEC Energy Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WEC Energy Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has WEC Energy Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WEC Energy Group's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WEC Energy Group's year on year earnings growth rate has been positive over the past 5 years.
  • WEC Energy Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • WEC Energy Group's 1-year earnings growth is negative, it can't be compared to the US Integrated Utilities industry average.
Earnings and Revenue History
WEC Energy Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WEC Energy Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,770.40 1,089.30 -27.20
2018-12-31 7,679.50 1,059.30 -26.00
2018-09-30 7,657.70 1,286.90 -23.40
2018-06-30 7,671.50 1,269.10 -17.50
2018-03-31 7,630.50 1,237.20 -14.80
2017-12-31 7,648.50 1,203.70 -9.10
2017-09-30 7,556.50 965.50 -4.00
2017-06-30 7,611.50 967.10 -2.60
2017-03-31 7,582.00 949.40
2016-12-31 7,472.30 939.00 14.20
2016-09-30 7,357.60 923.90
2016-06-30 7,343.80 889.40
2016-03-31 6,733.00 788.90
2015-12-31 5,926.10 638.50
2015-09-30 5,302.90 580.60 34.90
2015-06-30 4,637.50 524.40 34.90
2015-03-31 4,690.00 576.50 34.90
2014-12-31 4,997.10 588.30
2014-09-30 4,950.30 611.20 33.70
2014-06-30 4,970.20 622.40 33.70
2014-03-31 4,938.80 608.40 33.70
2013-12-31 4,519.00 577.40
2013-09-30 4,411.90 531.90 32.50
2013-06-30 4,398.00 550.50 32.50
2013-03-31 4,330.40 550.80 32.50
2012-12-31 4,246.40 546.30
2012-09-30 4,288.40 561.60 31.30
2012-06-30 4,301.90 535.30 31.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • WEC Energy Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • WEC Energy Group used its assets more efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
  • WEC Energy Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess WEC Energy Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WEC Energy Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is WEC Energy Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WEC Energy Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WEC Energy Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • WEC Energy Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of WEC Energy Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WEC Energy Group Company Filings, last reported 1 month ago.

NYSE:WEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,112.10 11,889.40 30.60
2018-12-31 9,842.70 11,801.40 84.50
2018-09-30 9,842.70 11,276.70 14.50
2018-06-30 9,756.20 10,872.80 29.80
2018-03-31 9,698.20 10,775.70 48.10
2017-12-31 9,491.80 11,033.30 38.90
2017-09-30 9,225.70 10,488.60 18.10
2017-06-30 9,183.20 10,282.90 36.50
2017-03-31 9,156.00 9,972.00 45.70
2016-12-31 8,960.20 10,175.60 37.50
2016-09-30 8,921.90 9,966.90 25.00
2016-06-30 8,863.90 9,925.70 32.10
2016-03-31 8,848.70 10,004.60 34.70
2015-12-31 8,685.20 10,376.80 49.80
2015-09-30 8,711.40 9,994.50 22.20
2015-06-30 8,538.20 9,982.30 214.40
2015-03-31 4,541.00 5,159.00 65.20
2014-12-31 4,450.10 5,212.40 61.90
2014-09-30 4,428.70 5,093.10 88.70
2014-06-30 4,397.50 5,042.70 33.40
2014-03-31 4,352.40 5,114.80 27.60
2013-12-31 4,263.40 5,242.80 26.00
2013-09-30 4,228.50 5,103.70 18.50
2013-06-30 4,225.80 5,133.70 21.00
2013-03-31 4,234.00 5,171.20 24.70
2012-12-31 4,165.50 5,260.50 35.60
2012-09-30 4,177.60 5,074.90 13.00
2012-06-30 4,111.50 5,191.80 13.10
  • WEC Energy Group's level of debt (117.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (117.5% vs 117.6% today).
  • Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess WEC Energy Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WEC Energy Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is WEC Energy Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.92%
Current annual income from WEC Energy Group dividends. Estimated to be 3.11% next year.
If you bought $2,000 of WEC Energy Group shares you are expected to receive $58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • WEC Energy Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • WEC Energy Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:WEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WEC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.85 2.00
2021-12-31 2.65 8.00
2020-12-31 2.50 11.00
2019-12-31 2.36 10.00
NYSE:WEC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-18 2.360 3.020
2019-01-17 2.360 3.116
2018-10-18 2.210 3.140
2018-07-19 2.210 3.287
2018-04-19 2.210 3.529
2018-03-29 2.210 3.535
2017-10-19 2.080 3.227
2017-07-20 2.080 3.227
2017-04-20 2.080 3.362
2016-12-01 2.080 3.536
2016-10-20 1.980 3.471
2016-07-21 1.980 3.251
2016-04-21 1.980 3.232
2015-12-03 1.980 3.596
2015-10-15 1.830 3.598
2015-04-16 1.690 3.485
2015-01-15 1.690 3.280
2014-10-16 1.560 3.096
2014-07-17 1.560 3.516
2014-04-17 1.560 3.386
2014-01-16 1.560 3.531
2013-10-17 1.530 3.682
2013-07-18 1.530 3.694
2013-04-18 1.360 3.230
2013-01-17 1.360 3.325
2012-10-18 1.200 3.213
2012-07-19 1.200 3.109
2012-04-19 1.200 3.151
2011-12-01 1.200 3.490
2011-10-20 1.040 3.195
2011-07-21 1.040 3.361
2011-04-21 1.040 3.335
2011-01-20 1.040 3.487
2010-10-14 0.800 2.700
2010-07-22 0.800 2.827
2010-04-22 0.800 3.138
2010-01-21 0.800 3.218
2009-10-15 0.675 2.891
2009-07-23 0.675 3.025

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of WEC Energy Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess WEC Energy Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WEC Energy Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WEC Energy Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of WEC Energy Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Fletcher
COMPENSATION $2,719,501
AGE 59
TENURE AS CEO 0.3 years
CEO Bio

Mr. Joseph Kevin Fletcher has served as the been the President of WEC Energy Group Inc., since October 9, 2018 and has been its Chief Executive Officer since February 1, 2019. Mr. Fletcher has been a Director of WEC Energy Group, Inc. since February 1, 2019. He has been the Chairman and Chief Executive Officer of Wisconsin Electric Power Company and Wisconsin Public Service Corporation since February 1, 2019. Mr. Fletcher served as President of Wisconsin Gas LLC from May 1, 2016 to November 19, 2018. Mr. Fletcher served as the President of Wisconsin Electric Power Company and Wisconsin Public Service Corporation (WPS) from May 2016 to November 19, 2018. He serves as Executive Vice President of Customer Service & Operations and Director at Upper Michigan Energy Resources Corporation. He serves as an Executive Vice President of Customer Service and Operations at Michigan Gas Utilities Corporation and also serves as its Director. He serves as the Director at Wisconsin Electric Power Company. He served as Executive Vice President of Customer Service and Operations at of WEC Energy Group since the formation of WEC Energy Group in June 2015. Prior thereto, he served as Senior Vice President – Customer Operations for Wisconsin Electric Power Company, since joining the Wisconsin Electric Power Company in November 2011. Prior to that, he was Vice President – Community and Economic Development at Georgia Power, Southern Co.’s largest subsidiary. In his 34-year career with Southern Co., Atlanta – 16 of those years as an Officer – he held leadership positions in operations, customer service, marketing and sales. He is a member of the board of directors of the American Gas Association and Milwaukee School of Engineering (MSOE) Board of Regents. He holds a Bachelor of Science degree in electrical engineering from the Georgia Institute of Technology, Atlanta. He also completed Harvard Business School’s advanced management program.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year.
  • Joseph's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the WEC Energy Group management team in years:

1.3
Average Tenure
53
Average Age
  • The average tenure for the WEC Energy Group management team is less than 2 years, this suggests a new team.
Management Team

Gale Klappa

TITLE
Executive Chairman
COMPENSATION
$10M
AGE
67
TENURE
0.3 yrs

Joseph Fletcher

TITLE
President
COMPENSATION
$3M
AGE
59
TENURE
0.3 yrs

Scott Lauber

TITLE
Senior EVP
COMPENSATION
$3M
AGE
52
TENURE
3.1 yrs

Peggy Kelsey

TITLE
Executive VP
COMPENSATION
$2M
AGE
53
TENURE
1.3 yrs

Rick Kuester

TITLE
Senior Executive Vice President
COMPENSATION
$4M
AGE
67
TENURE
15.6 yrs

William Guc

TITLE
VP, Controller & Principal Accounting Officer
AGE
48

Joshua Erickson

TITLE
Director of Legal Services
TENURE
3.9 yrs

Molly Mulroy

TITLE
Chief Information Officer & VP

Mary Straka

TITLE
Senior Vice President of Corporate Communications & Investor Relations
AGE
53

Brian Dobberke

TITLE
Senior VP of Human Resources & Organizational Effectiveness and Compliance Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the WEC Energy Group board of directors in years:

12.9
Average Tenure
66
Average Age
  • The average tenure for the WEC Energy Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joseph Fletcher

TITLE
President
COMPENSATION
$3M
AGE
59
TENURE
0.3 yrs

Barbara Bowles

TITLE
Presiding Independent Director
COMPENSATION
$271K
AGE
70

Gale Klappa

TITLE
Executive Chairman
COMPENSATION
$10M
AGE
67
TENURE
15.3 yrs

Ulice Payne

TITLE
Director
COMPENSATION
$251K
AGE
62
TENURE
16.3 yrs

Curt Culver

TITLE
Director
COMPENSATION
$272K
AGE
65
TENURE
14.9 yrs

Tom Fischer

TITLE
Director
COMPENSATION
$277K
AGE
71
TENURE
13.8 yrs

Allen Leverett

TITLE
Director
COMPENSATION
$11M
AGE
51
TENURE
3.3 yrs

Patricia Chadwick

TITLE
Director
COMPENSATION
$265K
AGE
69
TENURE
12.9 yrs

Mary Stanek

TITLE
Director
COMPENSATION
$235K
AGE
61
TENURE
7.3 yrs

Henry Knueppel

TITLE
Director
COMPENSATION
$235K
AGE
69
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • WEC Energy Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. May 19 Sell Barbara Bowles Individual 07. May 19 07. May 19 -2,000 $78.35 $-156,700
08. May 19 Sell William Guc Individual 06. May 19 06. May 19 -4,481 $78.10 $-350,000
25. Feb 19 Sell Ulice Payne Individual 21. Feb 19 21. Feb 19 -6,700 $75.29 $-504,450
21. Feb 19 Sell Allen Leverett Individual 19. Feb 19 19. Feb 19 -5,781 $74.79 $-432,351
08. Aug 18 Sell Barbara Bowles Individual 06. Aug 18 06. Aug 18 -2,500 $66.45 $-166,113
X
Management checks
We assess WEC Energy Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WEC Energy Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Good Is WEC Energy Group, Inc. (NYSE:WEC), When It Comes To ROE?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

WEC Energy Group, Inc. (NYSE:WEC): What's The Analyst Consensus Outlook?

The most recent earnings release WEC Energy Group, Inc.'s (NYSE:WEC) announced in December 2018a

Simply Wall St -

Investors Who Bought WEC Energy Group (NYSE:WEC) Shares Five Years Ago Are Now Up 63%

To wit, the WEC Energy Group share price has climbed 63% in five years, easily topping the market return of 47% (ignoring dividends). … During five years of share price growth, WEC Energy Group achieved compound earnings per share (EPS) growth of 5.8% per year. … This EPS growth is slower than the share price growth of 10% per year, over the same period.

Simply Wall St -

How Many Insiders Sold WEC Energy Group, Inc. (NYSE:WEC) Shares?

(NYSE:WEC), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At WEC Energy Group. … Over the last year we saw more insider selling of WEC Energy Group shares, than buying.

Simply Wall St -

What To Know Before Buying WEC Energy Group, Inc. (NYSE:WEC) For Its Dividend

Over the past 10 years WEC Energy Group, Inc. … The stock currently pays out a dividend yield of 3.0%, and has a market cap of US$25b. … Does WEC Energy Group tick all the boxes of a great dividend stock?

Simply Wall St -

What Should Investors Know About WEC Energy Group, Inc.'s (NYSE:WEC) Growth?

After WEC Energy Group, Inc.'s (NYSE:WEC) earnings announcement on 31 December 2018, … the higher past 5-year average growth rate of 18%.

Simply Wall St -

Are WEC Energy Group, Inc.'s (NYSE:WEC) Interest Costs Too High?

Let’s take a look at WEC Energy Group’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis … See our latest analysis for WEC Energy Group

Simply Wall St -

Should WEC Energy Group, Inc.'s (NYSE:WEC) Recent Earnings Decline Worry You?

Below, I will assess WEC's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … WEC's trailing twelve-month earnings (from 31 December 2018) of US$1.1b has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 18%, indicating the rate at which WEC is growing has slowed down

Simply Wall St -

What Kind Of Investor Owns Most Of WEC Energy Group, Inc. (NYSE:WEC)?

A look at the shareholders of WEC Energy Group, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

How WEC Energy Group, Inc. (NYSE:WEC) Could Add Value To Your Portfolio

Participate in a short research study and receive a subscription valued at $60. … (NYSE:WEC) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Company Info

Description

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, 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, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports customer-owned natural gas; and generates, distributes, and sells steam. The company offers electricity to approximately 1.6 million residential, small and large commercial and industrial, and other customers; and natural gas to 2.8 million residential, and commercial and industrial customers. As of December 31, 2018, it operated approximately 36,800 miles of overhead distribution lines and 33,300 miles of underground distribution cable, as well as approximately 500 distribution substations and 500,450 line transformers; and approximately 48,900 miles of natural gas distribution mains, as well as 1,100 miles of natural gas transmission mains. 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 1981 and is headquartered in Milwaukee, Wisconsin.

Details
Name: WEC Energy Group, Inc.
WEC
Exchange: NYSE
Founded: 1981
$25,518,966,398
315,438,398
Website: http://www.wecenergygroup.com
Address: WEC Energy Group, Inc.
231 West Michigan Street,
Milwaukee,
Wisconsin, 53203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WEC Common Stock New York Stock Exchange US USD 02. Jan 1968
DB WIC Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0LSL Common Stock London Stock Exchange GB USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
7,878
WEC Energy Group employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:44
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.