Report
Andrew Bischof
EUR 100.00 For Business Accounts Only

WEC Energy Continues to Identify Capital Growth Opportunities

We are reaffirming our $61 fair value estimate and narrow economic moat rating after WEC Energy Group reported third-quarter operating earnings per share of $0.74 compared with $0.68 per share in the same year-ago period. Management reaffirmed its earnings guidance of $3.26 to $3.32 per share.
During the quarter, Allan Leverett, president of WEC Energy Group, resigned after being on medical leave since late 2017. During his short tenure as CEO, Leverett worked in shareholders' best interest by ...
Underlying
WEC Energy Group Inc

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Andrew Bischof

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