Wec Energy Intrinsic Stock Value – WEC ENERGY Reports Second Quarter Fiscal Year 2023 Earnings Results on August 1, 2023
August 7, 2023
☀️Earnings Overview
On August 1, 2023, WEC ENERGY ($NYSE:WEC) reported their earnings results for the second quarter of their fiscal year 2023, which ended on June 30th, 2023. The total revenue for the quarter amounted to USD 1830.0 million, a decrease of 14.0% compared to the same period in the previous year. Net income was recorded at USD 290.0 million, representing a 0.8% increase year over year.
Stock Price
At the beginning of the day, WEC ENERGY stock opened at $90.4 and by the end of the trading day, closed at $89.6, a decrease of 0.3% from the prior closing price of $89.9. This quarter was also significant for WEC ENERGY as it marked the completion of their “green” initiative, which included investments in renewable energy sources and energy efficient technologies. These investments are expected to have a positive impact on the company’s future earnings.
Overall, WEC ENERGY reported strong second quarter earnings results despite the decrease in stock prices. Investors should remain optimistic about the company’s long-term prospects as WEC ENERGY continues to invest in renewable energy sources and energy efficient technologies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wec Energy. More…
| Total Revenues | Net Income | Net Margin |
| 9.28k | 1.35k | 14.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wec Energy. More…
| Operations | Investing | Financing |
| 2.05k | -3.81k | 1.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wec Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.02k | 30.99k | 37.13 |
Key Ratios Snapshot
Some of the financial key ratios for Wec Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.8% | 4.7% | 24.1% |
| FCF Margin | ROE | ROA |
| -3.5% | 12.0% | 3.2% |
Analysis – Wec Energy Intrinsic Stock Value
GoodWhale has conducted a study of WEC ENERGY’s fundamentals and found that its fair value is around $103.1, determined by our proprietary Valuation Line. This price is 13.1% lower than the current market price of $89.6. This indicates that WEC ENERGY share is undervalued. Therefore, we recommend that investors should take advantage of this discount and consider buying the stock. More…
Peers
WEC Energy Group Inc, a diversified energy holding company, engages in the business of providing electric and natural gas service through its subsidiaries. Dominion Energy Inc, Central Puerto SA, and Portland General Electric Co are some of WEC Energy Group’s competitors in the energy industry.
– Dominion Energy Inc ($NYSE:D)
Dominion Energy Inc is a leading provider of electricity and natural gas. The company serves more than 6 million customers in the United States. Dominion Energy Inc has a strong portfolio of assets and a commitment to safety, reliability, and customer service. The company’s market cap is 54.69B as of 2022 and its ROE is 7.47%. Dominion Energy Inc is a diversified energy company with a focus on electricity and natural gas. The company is one of the largest producers and transporters of energy in the United States. Dominion Energy Inc is committed to providing affordable, reliable, and clean energy to its customers.
– Central Puerto SA ($NYSE:CEPU)
Central Puerto SA is an Argentine electricity company that supplies power to the central and northern regions of the country. It has a market cap of 1.25B as of 2022 and a Return on Equity of 7.42%. The company generates, transmits, and distributes electricity through a network of over 3,000 kilometers of high-voltage lines and more than 60,000 kilometers of medium- and low-voltage lines. It also has a thermal power plant with a capacity of 1,200 MW.
– Portland General Electric Co ($NYSE:POR)
Portland General Electric Co is an electric utility company that serves customers in Oregon. As of 2022, the company had a market capitalization of $3.9 billion and a return on equity of 9.64%. The company is involved in the generation, transmission, and distribution of electricity, as well as the sale of electricity to retail and wholesale customers. Portland General Electric is the largest electricity provider in Oregon, serving over 800,000 customers.
Summary
WEC Energy investors should be encouraged by the company’s second quarter earnings results for their 2023 fiscal year. Despite a 14.0% drop in revenue compared to the same period in the previous year, the company was able to record an increase of 0.8% in net income year-over-year. This demonstrates WEC Energy’s ability to weather tough market conditions and still deliver a healthy bottom line.
Investors should note that WEC Energy has also grown dividends to shareholders each of the last seven quarters, providing a steady source of income for investors. Overall, WEC Energy looks to remain a strong investment option going forward.
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