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wec energy group inc (WEC) Details

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.

7,878 Employees
Last Reported Date: 02/26/19
Founded in 1981

wec energy group inc (WEC) Top Compensated Officers

President, CEO & Director
Total Annual Compensation: $1.3M
Executive Chairman
Total Annual Compensation: $5.1M
Senior EVP, CFO & Treasurer
Total Annual Compensation: $1.6M
Senior Executive Vice President
Total Annual Compensation: $2.2M
Executive VP, General Counsel & Corporate Sec...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2018.
wec energy group inc
WEC Energy Group, Inc. Reaffirms Earnings Guidance for the Year 2019; Provides Earnings Guidance for the Second Quarter of 2019

WEC Energy Group, Inc. reaffirmed earnings guidance for the year 2019. For the year, the company is reaffirming its earnings guidance of $3.48 to $3.52 per share with an expectation of reaching the top end of the range. This assumes normal weather for the remainder of the year. Taking the weather into account, the company expects second quarter 2019 earnings to be in the range of $0.70 to $0.72 per share, as it takes into account April weather and assumes normal weather for the rest of the quarter.

WEC Energy Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019

WEC Energy Group, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 2,377.4 million compared to USD 2,286.5 million a year ago. Net income was USD 420.1 million compared to USD 390.1 million a year ago. Basic earnings per share was USD 1.33 compared to USD 1.24 a year ago. Diluted earnings per share was USD 1.33 compared to USD 1.23 a year ago.

Wisconsin Electric Board of Directors Declares Quarterly Cash Dividend on the Preferred Stock, Payable on June 1, 2019 and July 31, 2019, Respectively

The Wisconsin Electric board of directors declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable June 1, 2019, to stockholders of record on May 14, 2019. The board also declared a quarterly cash dividend of $1.50 per share on the company's 6% Preferred Stock, payable July 31, 2019, to stockholders of record on July 12, 2019.


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Price/Earnings 24.5x
Price/Sales 3.4x
Price/Book 2.7x
Price/Cash Flow 13.6x
TEV/Sales 1.9x

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