Growth opportunities across WEC's subsidiaries support attractive earnings and dividend growth.
We are reaffirming our $56 fair value estimate and narrow economic moat rating after WEC Energy Group reported third-quarter operating earnings per share of $0.68 flat compared with the year-ago period. Management forecasts that 2017 earnings will be at the upper end of its $3.06-$3.12 per share range, in line with our $3.10 forecast. Management sees long-term 5%-7% earnings growth, in line with our 6.5% forecast.WEC Energy Group recently received approval for an earlier rate-case settlement re...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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