WEC Energy Group Closes Out Strong 2017
We are reaffirming our $60 fair value estimate and narrow economic moat rating after WEC Energy Group reported full-year operating earnings per share of $3.14 compared with $2.97 per share in the year-ago period. Colder-than-normal temperatures added $0.02 per share, pushing earnings above management's full-year guidance. Near-term fluctuations in weather-related demand have no impact on our fair value estimate.Management initiated a 2018 earnings guidance range of $3.26-$3.30 per share, which ...
WEC Energy Group is a holding company. Through its subsidiaries, the company provides regulated natural gas and electricity, and nonregulated renewable energy. The company's segments include: Wisconsin, which generates and distributes electric energy and provides retail natural gas distribution service; Illinois, which includes the natural gas utility operations; Electric Transmission, which owns, maintains, monitors, and operates electric transmission systems in Wisconsin, Michigan, Illinois, and Minnesota; and Non-Utility Energy Infrastructure, which owns and leases generating facilities to its Wisconsin Electric Power Company subsidiary and owns underground natural gas storage facilities in Michigan.
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