Growth opportunities support above-average earnings and dividend growth.
We are reaffirming our $50 fair value estimate and narrow economic moat and stable moat trend ratings after WEC Energy Group reported second-quarter operating earnings per share of $0.57 compared with $0.58 in the year-ago period. Management reaffirmed 2016 EPS guidance of $2.88-$2.94, in line with our $2.91 estimate.Our 5.5% annual earnings forecast through 2020, in line with management's 5%-7% target, depends on management executing its five-year $7.5 billion capital plan. We continue to exp...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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