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NYSE · Utilities

WEC ENERGY GROUP, INC. (WEC)

As-reported financials and SEC filings for WEC ENERGY GROUP, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WEC ENERGY GROUP, INC.

WEC Energy Group, Inc. is a diversified holding company that provides regulated electric and natural gas utility services primarily in Wisconsin and Michigan. Its subsidiaries generate and distribute electricity and natural gas to residential, commercial, and industrial customers, and also operate renewable energy facilities. The company serves a broad customer base including residential users, businesses, and wholesale customers such as electric cooperatives and municipal utilities.

Snapshot

Revenue
$9.80B
Revenue growth (YoY)
14.0%
Net income
$1.56B
Diluted EPS
$4.81
Gross margin
66.7%
Operating margin
22.9%
Net margin
15.9%
FCF margin
ROE
11.1%
net income / fiscal-year-end equity
P/E
20.6×
trailing when available, otherwise FY EPS
Market cap
$34.59B
Long-term debt / equity
1.32×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Wec Energy Group

  • Revenue grew 14.0% to $9.8B in FY2025, after a 3.3% decline the year before.
  • Operating margin is 22.9% in FY2025, +2.3 pp against 20.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $2.1B, up 2.6% from Q2 FY2025.
  • Net income rose 2.0% to $1.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Wec Energy Group’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin66.7%
84th percentile of 26
Operating margin22.9%
59th percentile of 86
Net margin15.9%
72nd percentile of 91
Revenue growth (YoY)+14.0%
72nd percentile of 94
ROE11.1%
75th percentile of 89
P/E20.6×
44th percentile of 83
Long-term debt / equity1.32×
57th percentile of 84
Short interest6.71d
73rd percentile of 98

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $103,468. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$305.1M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$67.8M580.5KReduced
Soros Fund ManagementQ2 2026$61.7M528.4KAdded
Citadel AdvisorsquantQ2 2026$55.4M474.5KAdded
Millennium ManagementquantQ2 2026$36.7M314.5KAdded
Gotham Asset ManagementQ2 2026$35.3M301.9KAdded
Renaissance TechnologiesquantQ2 2026$32.2M275.6KAdded
Two Sigma InvestmentsquantQ2 2026$7.2M61.3KAdded
D. E. ShawquantQ2 2026$6.0M51.5KReduced
Bridgewater AssociatesQ2 2026$2.9M25.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$103K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-12
PAYNE ULICE JRDirectorSell980$105.58$103K
2026-05-19
filed 2026-05-20
Krueger DanielEVP WEC InfrastructureSell2.0K$110.85$222K
2026-05-19
filed 2026-05-20
Krueger DanielEVP WEC InfrastructureSell1.7K$111.11$185K
2026-05-19
filed 2026-05-20
Krueger DanielEVP WEC InfrastructureSell1.0K$110.92$111K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.7M
settled 2026-08-14
Change vs prior
+32.6%
vs previous settlement
Days to cover
6.71
at avg daily volume
Avg daily volume
2.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1418.7M+32.6%6.71
2026-07-3114.1M+4.1%7.01
2026-07-1513.6M-16.2%7.82
2026-06-3016.2M+5.4%6.26
2026-06-1515.3M-1.9%6.84
2026-05-2915.6M+5.7%6.73
2026-05-1514.8M-4.1%7.74
2026-04-3015.4M+5.3%8.78

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$9.80B$8.60B$8.89B$9.60B$8.32B
Gross profit$6.53B$5.94B$5.70B$5.24B$5.00B
Operating income$2.24B$2.15B$1.91B$1.92B$1.71B
Net income$1.56B$1.52B$1.33B$1.41B$1.30B
Diluted EPS$4.81$4.83$4.22$4.45$4.11

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$27.6M$9.8M$42.9M$28.9M$16.3M
Current assets$3.28B$2.91B$2.80B$3.19B$2.66B
Total assets$51.52B$47.36B$43.94B$41.87B$38.99B
Current liabilities$5.59B$4.84B$5.11B$4.61B$3.75B
Long-term debt$18.50B$17.18B$15.37B$14.66B$13.47B
Total liabilities$37.47B$34.56B$31.87B$30.26B$27.88B
Total equity$14.05B$12.80B$12.07B$11.62B$11.11B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.38B$3.21B$3.02B$2.06B$2.03B
Capital expenditure$2.70B$2.37B
Free cash flow$-636.2M$-340.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.06B2.6%$301.0M
Q1 FY2026$3.43B9.0%$806.1M
Q4 FY2025$2.54B11.1%$316.8M$0.97
Q3 FY2025$2.10B12.9%$270.2M
Q2 FY2025$2.01B13.4%$243.0M
Q1 FY2025$3.15B17.5%$725.5M
Q4 FY2024$2.28B3.0%$453.1M$1.43
Q3 FY2024$1.86B-4.8%$238.6M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryElectric & Other Services Combined
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK783325

Selected SEC filings

10-K2026-02-20
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
8-K2026-09-04
View on EDGAR →
8-K2026-08-18
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.