--- title: WEC Energy Group (WEC) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/wec ticker: WEC as_of: 2026-10-17 sector: Utilities industry: Regulated Electric --- # WEC Energy Group (WEC) WEC Energy Group (WEC) closed at $108.71 on Oct 16, 2026, undervalued by 6% vs its model value of $115.56 (from its own five-year median P/E applied to its earnings). ## Key figures | Figure | Value | | --- | ---: | | Last close | $108.71 (Oct 16, 2026) | | Model value (from its own five-year median P/E applied to its earnings) | $115.56 | | Price vs model | undervalued by 6% vs model | | Range of that model | $106.05 – $122.14 | | Market value | $35.4B | | P/E (fiscal 2025) | 22.6 | | Net margin (fiscal 2025) | 15.9% | | Free cash flow (fiscal 2025) | -$1.0B | | Dividend yield (trailing twelve months) | 3.45% | | Beta | 0.44 | | Cost of capital (WACC) | 6.55% | | Business classification | Dividend Payer (Low/slowing growth (~5% recent), Moderate margins (16% net margin), Strong dividend yield, Highly cyclical earnings, Negative free cash flow) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 3.45% | | Dividends per share, last 12 months | $3.75 | | Coverage | — | | Raised | 10 years in a row | | Growth over 5 years | 7.1% a year | | Latest payment | $0.9525, ex-date Aug 14, 2026, paid Sep 1, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 12, 2021 | $2.67 | | To Aug 11, 2022 | $2.86 | | To Aug 11, 2023 | $3.07 | | To Aug 14, 2024 | $3.29 | | To Aug 14, 2025 | $3.51 | | Trailing twelve months (to Aug 14, 2026) | $3.75 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | cross check | $78.16 | $19.12 | $306.62 | | DCF · Perpetuity growth · 10y | cross check | $82.96 | $24.14 | $313.74 | | DCF · EBITDA exit · 5y | cross check | $146.48 | $72.59 | $234.03 | | DCF · EBITDA exit · 10y | cross check | $148.31 | $69.79 | $254.89 | | P/E · peers | cross check | $97.80 | $95.35 | $100.45 | | P/E · own history | primary | $115.56 | $106.05 | $122.14 | | PEG | sanity check | $71.31 | $71.31 | $71.31 | | EV/EBITDA · peers | cross check | $73.86 | $67.37 | $82.02 | | EV/Revenue · peers | cross check | $75.97 | $57.07 | $98.19 | | Earnings power value | cross check | $0.00 | $0.00 | $0.00 | | Dividend discount | cross check | $87.63 | $57.77 | $156.94 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($103,468.4); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 7, 2026 | Cunningham Danny L | Director | Grant / award | 363.443 | $37,500 | | Oct 7, 2026 | Lane Thomas K | Director | Grant / award | 302.869 | $31,250 | | Oct 7, 2026 | STANEK MARY ELLEN | Director | Grant / award | 351.328 | $36,250 | | Aug 27, 2026 | Krueger Daniel | EVP WEC Infrastructure | Discretionary transaction | 2,800 | $298,060 | | Aug 11, 2026 | PAYNE ULICE JR | Director | Open-market sell | 980 | $103,468.4 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 16, 2026 | S-3ASR | Shelf registration (automatic) | https://www.sec.gov/Archives/edgar/data/783325/000110465926116528/tm2626690d1_s3asr.htm | | Sep 4, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/783325/000078332526000099/wec-20260904.htm | | Aug 18, 2026 | 8-K | 1.01 Entry into a Material Agreement | https://www.sec.gov/Archives/edgar/data/783325/000078332526000095/wec-20260814.htm | | Aug 11, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/783325/000078332526000092/wec-20260805.htm | | Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/783325/000078332526000087/wec-20260630.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Mairs & Power | 2026-06-30 | 1,787,905 | $208.8M | | Soros | 2026-06-30 | 528,369 | $61.7M | | Bridgewater | 2026-06-30 | 24,998 | $2.9M | 3 tracked managers in all. ## About WEC Energy Group, Inc. is a major energy provider operating across the United States, delivering regulated natural gas and electricity, as well as both regulated and non-regulated renewable energy services. The company's operations are divided into six main business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its electricity generation relies on a diverse portfolio of sources, including coal, natural gas, oil, hydroelectric, wind, solar, and biomass. Beyond power generation, WEC Energy Group also provides electric transmission services, manages retail natural gas distribution, handles natural gas transportation, and is involved in the production, distribution, and sale of steam. As of December 31, 2021, the company's vast infrastructure network included approximately 35,800 miles of overhead electricity d… --- Source: https://sweetvaluelab.com/stocks/wec (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.