WEC Energy Group Inc

WEC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$75.00	Dcpgr	Wbvnzklfw

WEC Energy Group Earnings: Illinois a Near-Term but Manageable Headwind for WEC

Andrew Bischof

Feb 1, 2024

We are reaffirming our $96 per share fair value estimate for WEC Energy after the company reported full-year 2023 earnings of $4.63 per share, up from the $4.45 per share reported in 2022. Management initiated 2024 earnings guidance of $4.80 to $4.90 per share, in line with our expectations. The company recently increased its dividend 7%, its 21st consecutive annual increase.

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