Morningstar

Morningstar, Inc.

Equity Bottom-Up

WEC Energy Group is the largest Midwest utility, with nearly $20 billion in rate base and nearly all earnings derived from regulated operations. Roughly 84% of earnings will come from constructive Wisconsin and Federal Energy Regulatory Commission regulation. Illinois regulation has improved, producing higher returns and less regulatory lag for its Chicago gas infrastructure investment.Infrastructure investment in Integrys' Chicago service territory could hit $280 million to $300 million…

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…

United States

WEC Energy Group, Inc. operates as a utilities provider. The Company distributes electricity and natural gas to its customers in Wisconsin, Illinois, Michigan and Minnesota.