WEC Energy Group Shares Inch Up 0.54% to $92.54 on Mixed Trading Day
July 29, 2023
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Wednesday was a mixed day for the stock market, but WEC ($NYSE:WEC) Energy Group Inc. shares experienced a 0.54% uptick to close the day at $92.54. WEC Energy is a diversified energy company that is headquartered in Milwaukee, Wisconsin and is traded on the New York Stock Exchange (NYSE) under the ticker symbol WEC. WEC Energy operates through five subsidiaries: Wisconsin, Illinois, Michigan, Minnesota, and Other States. The company’s primary services include electric generation, transmission and distribution, gas transmission and distribution, and retail energy sales and services. In addition, WEC Energy also provides environmental services, such as renewable energy and energy efficiency solutions.
Analysis
GoodWhale recently conducted an analysis of WEC ENERGY‘s wellbeing. According to our Star Chart, WEC ENERGY is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This company is particularly attractive to investors who are looking for a reliable dividend and profitability. Although WEC ENERGY is strong in the dividend and profitability aspect, it is only medium in terms of asset and growth. In terms of its financial health, WEC ENERGY has an intermediate health score of 6/10 with regard to its cashflows and debt. This implies that WEC ENERGY is likely to ride out any crisis without the risk of bankruptcy. Investors who are looking for a safe and reliable company with moderate growth could find WEC ENERGY to be a suitable investment opportunity. More…
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 |
| 9.58k | 1.35k | 14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wec Energy. More…
| Operations | Investing | Financing |
| 1.78k | -3.57k | 1.8k |
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 |
| 42.8k | 30.81k | 36.99 |
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 |
| 9.7% | 4.9% | 22.9% |
| FCF Margin | ROE | ROA |
| -7.0% | 11.9% | 3.2% |
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 Group Inc. saw its stock prices increase by 0.54% to $92.54 on Wednesday. This slight increase was on a mixed trading day for the stock market overall. Investors are looking at this as an opportunity to consider investing in WEC Energy, as the company has a strong track record of providing reliable service and products.
WEC Energy has also demonstrated success in their investments, with a history of delivering strong returns for shareholders. Analysts advise investors to research the company’s performance and consider its future prospects before investing in WEC Energy in order to make a sound decision.
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