Morningstar - WEC Energy Group Inc (WEC) WEC Energy Group on Track for Long-Term Growth

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Morningstar

Andrew Bischof

EUR 100.00 For Business Accounts Only

WEC Energy Group on Track for Long-Term Growth

We are reaffirming our $64 fair value estimate and narrow economic moat rating after WEC Energy Group reported full-year operating earnings per share of $3.34 compared with $3.14 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.
Effective Feb. 1, Kevin Fletcher took over as CEO of WEC Energy, succeeding longtime executive Gale Klappa. Fletcher joined WEC Energy from highly respected Sout...

01/03/2019 13 EN

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.

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US92939U1060 New York Stock Exchange United States

Provider

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.

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Analysts

Andrew Bischof

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WEC Energy Group on Track for Long-Term Growth

WEC Energy Group, Inc.: Update to credit analysis

Vermilion Compass: Weekly Equity Strategy

Vermilion Compass: Weekly Equity Strategy

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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