Full Wisconsin Regulatory Calendar for WEC Energy Group
We are reaffirming our $66 fair value estimate and narrow economic moat rating after WEC Energy Group reported first-quarter operating earnings per share of $1.33 compared with $1.23 per share in the same year-ago period.Management reaffirmed its 2019 earnings guidance of $3.48 to $3.52 per share, in line with our $3.50 per share estimate. The board recently approved a 6.8% dividend increase, and we expect future dividend increases in line with earnings growth.
WEC Energy Group has a busy 2019 ...
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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