WEC on NYSE

WEC Energy Group

American Utility Company

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.3 From Wikipedia, CC BY-SA 4.0

$108.78 up 2.75 (2.59%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

1896Founded1

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  • TickerWEC on NYSE1
  • IndustryElectric & Other Services Combined1
  • HeadquartersMilwaukee1
  • Websitewww.wisconsinenergy.com
  • Incorporated inWI5
  • Business address231 W Michigan St, P O Box 1331, Milwaukee, Wi 532015
  • Filer categoryLarge accelerated filer5

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.9%Operating margin7
15.9%Net margin7
14.0%Revenue growth, 20257
11.1%Return on equity7
1.32×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Wisconsin brought in 71% of the revenue WEC Energy Group broke down this way in fiscal 2025.

  1. Wisconsin$7.3B771%up 15% from 2024
  2. Illinois$1.7B716%up 5% from 2024
  3. Non-Utility Energy Infrastructure$770.2M77%up 11% from 2024
  4. Other States$527.5M75%up 17% from 2024
Business segments by year
Business segments202320242025
Wisconsin$6.6B$6.3B$7.3B
Illinois$1.6B$1.6B$1.7B
Non-Utility Energy Infrastructure$666.5M$691.3M$770.2M
Other States$519.1M$449.8M$527.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$3.3B
  • Other costs50¢$4.9B
  • Income tax1¢$118.0M
  • Profit16¢$1.6B

Out of $9.8B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid34¢$1.1B
  • Share buybacks0¢$1.3M
  • Kept or used elsewhere66¢$2.2B

Out of $3.4B of cash from operations.7

Financial statements

Revenue8910117$9.8B in 2025+30% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.5B$7.5B20192020: $7.2B$7.2B2020−4%2021: $8.3B$8.3B2021+15%2022: $9.6B$9.6B2022+15%2023: $8.9B$8.9B2023−7%2024: $8.6B$8.6B2024−3%2025: $9.8B$9.8B2025+14%
Operating income8910117$2.2B in 2025+47% since 2019
0$1.0B$2.0B$3.0B2019: $1.5B$1.5B20192020: $1.7B$1.7B2020+11%2021: $1.7B$1.7B2021+1%2022: $1.9B$1.9B2022+12%2023: $1.9B$1.9B2023−1%2024: $2.2B$2.2B2024+13%2025: $2.2B$2.2B2025+4%
Net income8910117$1.6B in 2025+37% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.1B$1.1B20192020: $1.2B$1.2B2020+6%2021: $1.3B$1.3B2021+8%2022: $1.4B$1.4B2022+9%2023: $1.3B$1.3B2023−6%2024: $1.5B$1.5B2024+14%2025: $1.6B$1.6B2025+2%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Operating revenues$9.8B$8.6B$8.9B
Cost of sales$3.3B$2.7B$3.2B
Other operation and maintenance$2.4B$2.2B$2.1B
Impairments related to Illinois segment$130.0M$12.1M$178.9M
Depreciation and amortization$1.5B$1.4B$1.3B
Property and revenue taxes$280.1M$266.5M$250.2M
Total operating expenses$7.6B$6.4B$7.0B
Operating income$2.2B$2.2B$1.9B
Equity in earnings of transmission affiliates$215.8M$207.5M$177.5M
Other income, net$107.9M$178.2M$177.7M
Interest expense$895.1M$815.3M$727.4M
Gain on debt extinguishments$0-$23.1M-$500.0K
Other expense-$571.4M-$406.5M-$371.7M
Income before income taxes$1.7B$1.7B$1.5B
Income tax expense$118.0M$222.0M$204.6M
Net income$1.6B$1.5B$1.3B
Preferred stock dividends of subsidiary$1.2M$1.2M$1.2M
Net loss attributed to noncontrolling interests$3.2M$4.1M$1.2M
Net income attributed to common shareholders$1.6B$1.5B$1.3B
Basic (in dollars per share)$4.84$4.83$4.22
Diluted (in dollars per share)$4.81$4.83$4.22
Basic (in shares)321.9M shares316.2M shares315.4M shares
Diluted (in shares)323.8M shares316.5M shares315.9M shares

Compare WEC Energy Group with another company

The story

1896 The Milwaukee Electric Railway and Light Company was formed as a subsidiary of the North American Company to provide interurban rail service in a 12,000-square-mile (31,000 km2) area of southeastern Wisconsin. In time, the company began selling electricity not needed to power the interurban trains to individuals and businesses.

1919 Experiments at the company's East Wells Power Plant (then called Oneida Street Station) in downtown Milwaukee, proved that use of pulverized coal reduced the cost of producing electric power and conserved fuel.

1921 Wisconsin Electric Power Company is formed by the North American Company to build and operate the Lakeside Power Plant in St. Francis, Wisconsin. Lakeside was the world's first power plant to burn pulverized coal exclusively.

1935 The first of five 80-megawatt units at Port Washington Power Plant was brought on line. From 1935 to 1948, Port Washington was the most efficient coal-fueled power plant in the world.

1938 Milwaukee Electric Railway and Light was merged into Wisconsin Electric.

1941 Wisconsin Electric purchased Wisconsin Gas & Electric Company and Wisconsin Michigan Power Company, which also had been under the North American Company.

1946 Wisconsin Electric becomes an independent company, no longer part of the North American Company.

1953 Wisconsin Electric placed into service the first 120-megawatt unit at Oak Creek Power Plant. Seven additional units were completed through 1968.

Read the full text

1970 Wisconsin Electric's 908-megawatt Point Beach Nuclear Plant began operation and gained a worldwide reputation for efficiency.

1980 Wisconsin Electric placed the first 580-megawatt unit at Pleasant Prairie into service. A second unit was added in 1985.

1987 Wisconsin Electric reorganized as a holding company, Wisconsin Energy Corporation, with Wisconsin Electric, Wispark, Wisvest and Witech as subsidiaries.

1994 Wisconsin Energy purchased Lake Geneva-based Wisconsin Southern Gas Co. and merged it into Wisconsin Natural, which subsequently merged with Wisconsin Electric in 1995.

1998 Wisconsin Energy bought ESELCO, parent company of the Edison Sault Electric Company, based in Sault Ste. Marie, Michigan.

2000 WICOR, holding company of Wisconsin Gas, became part of Wisconsin Energy, creating the largest electric and natural gas provider in Wisconsin. The corporation also announced a 10-year plant to invest US$7.0 billion to build five new power plants, to upgrade existing plants and to improve its electric distribution system.

2001 American Transmission Company, the first multi-state all-transmission utility in the United States, was formed by Wisconsin's major utilities, and Wisconsin Electric transferred ownership of its transmission lines to American Transmission in exchange for shares in the new company.

2002 Wisconsin Electric and Wisconsin Gas began doing business as We Energies.

2004 Wisconsin Energy sold the non-energy assets of WICOR for US$850 million as part of its strategy to divest its non-core businesses.

2005 Construction of two 615-megawatt coal-fired units began at the Oak Creek Power Plant site. The same year, the first of two 545-megawatt natural-gas-fueled units began commercial operation at Port Washington Generating Station.

2007 Wisconsin Energy sold Point Beach Nuclear Plant to FPL Energy for approximately US$924 million, with We Energies entitled to the output for the life of the plant.

2008 The Blue Sky Green Field Wind Farm began operation on a 10,600-acre (43 km2) site with 88 turbines (145-megawatt capacity) in Wisconsin's Fond du Lac County.

2009 We Energies received approval to construct and operate the Glacier Hills Wind Park in Wisconsin's Columbia County. The company also announced plans to build a biomass generating facility at the Domtar paper mill in Rothschild, Wisconsin.

2010 The first of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Feb. 2. Wisconsin Energy completed the sale of Edison Sault Electric Company to Cloverland Electric Cooperative. In May, construction began on the Glacier Hills Wind Park in Columbia County.

2011 The second of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Jan. 12. Glacier Hills Wind Park began operating 90 turbines in the towns of Randolph and Scott in Wisconsin.

2013 A 50-megawatt, biomass-based, cogeneration facility in Rothschild, Wisconsin, began commercial operation to provide base-load power for the electric system and steam to the Domtar paper mill.

2014 Wisconsin Energy announced that it was purchasing Integrys Energy Group, parent company of Peoples Gas, North Shore Gas and Wisconsin Public Service, for $9.1 billion.

2015 The company completed its acquisition of Integrys Energy Group in a deal worth $9.1 billion.

2017 WEC Energy Group acquired Bluewater Gas Storage, a Michigan-based company, to provide about one-third of storage needs for WEC Energy Group's natural gas distribution companies in Wisconsin.

2019 WEC Energy Group "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.6

Leadership

Who has led WEC Energy Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (52)

Products and brands

Wisconsin

We Energies, the umbrella name for Wisconsin Electric Power and Wisconsin Gas, provides electricity and natural gas to customers in Wisconsin

Wisconsin Public Service Corporation provides electricity and natural gas to customers in northeastern and northcentral Wisconsin

Bluewater Gas Storage provides natural gas storage and hub services for We Energies and Wisconsin Public Service

WEC Infrastructure designs, builds and owns electric generating plants

Read the full text

Wispark develops and invests in real estate, industrial/office buildings and urban redevelopment projects

Wisconsin River Power Company, WEC Energy Group owns 50% while Alliant Energy owns the other 50%

Illinois

Peoples Energy provides natural gas to customers in the city of Chicago

North Shore Gas provides natural gas to customers in Chicago's northern suburbs

Minnesota

Minnesota Energy Resources Corporation provides natural gas to customers in Minnesota

Michigan

Michigan Gas Utilities Corporation provides natural gas to customers in lower Michigan

Upper Michigan Energy Resources provides electric and natural gas to customers in Michigan's Upper Peninsula

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Acquisitions

  1. Jun 29, 2015Love's Alternative Energy became a subsidiary1
  2. Succeeded Integrys Energy Group1

On May 3, 1995, Wisconsin Energy Corporation and Northern States Power Company (NYSE: NSP) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation. It would have been the 10th largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$6.0 billion. NSP would have been the nominal survivor, and the merged company would be headquartered in Minneapolis (headquarters of the old NSP), but the merged company would have been registered in Wisconsin.

On May 16, 1997, both CEOs announced that the boards of directors of both companies had terminated the merger plan because of approval delays by the U.S. Department of Justice, the SEC, and state regulators in Minnesota and Wisconsin. They also stated that regulatory agencies were changing their merger policies as they were considering the companies' filing and that further delay would reduce the benefits of the Primergy transaction.

The delay already had put the merger five months behind schedule and had reduced earnings for both utilities by a total of US$58 million to that point. In addition, Wisconsin Energy's stock had fallen about 13% since early 1995 when the deal had been announced, while NSP's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then.

From Wikipedia’s article on WEC Energy Group, shared under CC BY-SA 4.0.6

Former names

  • WISCONSIN ENERGY CORPFeb 28, 1995 to Jun 29, 20155

Timeline

  1. Nov 23, 2022New chief executive Scott J. Lauber becomes CEO17
  2. Aug 30, 2019New chief executive Joseph Kevin Fletcher becomes CEO18
  3. May 4, 2016New chief executive Allen L. Leverett becomes CEO19
  4. Jul 9, 2015New chief executive Charles R. Matthews becomes CEO20
  5. Jan 5, 2006New chief executive Gale E. Klappa becomes CEO21
  6. 1896Founded Founded1

Filings

590 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 124 major events, 331 insider forms, 14 large holders, 101 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 9, 20264 EDGAR
  3. Oct 9, 20264 EDGAR
  4. Sep 4, 20268-K EDGAR
  5. Sep 3, 20264 EDGAR
  6. Sep 2, 20263 EDGAR
  7. Aug 18, 20268-K EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 11, 2026144 EDGAR
  10. Aug 11, 20268-K EDGAR
  11. Aug 4, 202610-Q EDGAR
  12. Aug 3, 20268-K EDGAR
  13. Jul 29, 20268-K EDGAR
  14. Jul 9, 20264 EDGAR
  15. Jul 9, 20264 EDGAR
  16. Jul 9, 20264 EDGAR
  17. Jun 17, 2026144 EDGAR
  18. Jun 1, 20268-K EDGAR
  19. May 28, 202611-K WEC ENERGY GROUP EMPLOYEE RETIREMENT SAVINGS PLAN 11-K EDGAR
  20. May 28, 202611-K WEC ENERGY GROUP LIMITED RETIREMENT SAVINGS PLAN 11-K EDGAR

The 590 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 14 such filings since October 2021, the latest 10:

  1. Apr 30, 2026SCHEDULE 13G
  2. Apr 29, 2026SCHEDULE 13G
  3. Mar 27, 2026SCHEDULE 13G/A
  4. Oct 16, 2024SC 13G/A
  5. Feb 13, 2024SC 13G/A
  6. Jan 29, 2024SC 13G/A
  7. Jan 24, 2024SC 13G/A
  8. Feb 9, 2023SC 13G/A
  9. Feb 7, 2023SC 13G/A
  10. Feb 7, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.33,321,277$3.9B0.1%+271,339
Vanguard Capital Management LLC21,255,153$2.5B0.1%+107,947
State Street Corp21,094,044$2.5B0.1%−148,775
Vanguard Portfolio Management LLC16,877,935$2.0B0.1%+106,327
Geode Capital Management, LLC9,240,374$1.1B0.1%+133,722
Bank Of America Corp /de/8,605,748$1.0B0.1%+635,698
Wells Fargo & Company/mn8,572,855$1.0B0.2%+12,641
Deutsche Bank Ag\6,053,574$706.9M0.2%+122,034
Ameriprise Financial Inc5,822,834$680.8M0.1%+155,051
Charles Schwab Investment Management Inc5,385,908$629.7M0.1%−55,674
Jpmorgan Chase & Co5,161,378$611.3M0.0%−365,315
Franklin Resources Inc4,670,940$545.4M0.1%+236,929
Invesco Ltd.4,618,948$539.4M0.0%−2,109
Morgan Stanley4,291,770$501.2M0.0%−451,083
Federated Hermes, Inc.4,125,344$481.7M0.7%+701,581
Envestnet Asset Management Inc3,734,979$436.1M0.1%+111,057
Wellington Management Group Llp3,572,456$417.2M0.1%−1,249,928
Northern Trust Corp3,490,269$407.6M0.0%+107,321
Barclays PLC3,217,999$375.8M0.1%+1,766,992
Nuveen, LLC2,875,006$335.7M0.1%−715,998
Raymond James Financial Inc2,585,441$301.9M0.1%+105,779
Legal & General Group Plc2,561,444$299.1M0.1%−66,137
PNC Financial Services Group, Inc.2,539,022$296.5M0.1%−31,993
Clearbridge Investments, LLC2,131,128$248.9M0.2%−37,563
Bank of New York Mellon Corp1,959,186$228.8M0.0%−55,208

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

14 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 25, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+22.0%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−21.5%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+21.5%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+29.6%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−52.5%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+27.9%Report
Jul 5, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+2.9%Report
Jul 1, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+5.0%Report
Jul 14, 2023Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−55.8%Report
May 25, 2022Shelley Moore CapitoRepublican, SenatePartial sale$1,001 - $15,000+94.0%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 28, 2021Peter Meijer, HousePartial sale$1,001 - $15,000+85.9%Report
Jan 13, 2020Michael John Gallagher, HouseSale$1,001 - $15,000+122.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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