WEC Energy Group Inc

WEC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$21.00	Nmsbqt	Rhgyrhmdj

WEC Energy Group Earnings: Weather Presents Earnings Headwind for Remainder of Year

Andrew Bischof

May 1, 2023

We are maintaining our $96 fair value estimate for WEC Energy Group after the company reported first-quarter earnings per share of $1.61, down from $1.79 in the year-ago period. The company reaffirmed its long-term growth target of 6.5%-7%, in line with our 7% growth forecast. We expect dividend growth in line with earnings growth.

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