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WEC Energy Group Inc. operates in the utilities sector and is classified within the electric and natural gas utilities industry. Founded in 1896 as Wisconsin Electric, the company is headquartered in Milwaukee, Wisconsin, and provides electricity and natural gas distribution services to residential, commercial, and industrial customers in the United States.
The organization operates through several subsidiaries, including We Energies, Wisconsin Public Service, Peoples Gas, and North Shore Gas, supplying energy to more than 4.6 million customers. Its portfolio includes electricity generation from multiple sources, such as coal-fired plants, natural gas, nuclear energy, and renewable resources including solar and wind power.
With operations across Wisconsin, Illinois, Michigan, and Minnesota, the company has invested in the modernization of its infrastructure and in the expansion of renewable-energy capacity. It also seeks to meet decarbonization targets by reducing reliance on fossil fuels and advancing sustainability across its operations.
The energy sector faces challenges such as government regulation, fluctuations in fuel costs, and the need for substantial infrastructure investment to meet growing demand for clean energy. Competitors include other regional utilities and major energy companies operating across the United States.
WEC Energy Group’s operational structure includes power-generation facilities, transmission and distribution networks, administrative offices, and control centers. The company does not maintain direct operations in Brazil, but its shares are available to Brazilian investors through BDRs.
Shares of WEC Energy Group Inc. trade on the New York Stock Exchange (NYSE) under the ticker WEC and, in Brazil, through the BDR W1EC34.
History and Foundation
WEC Energy Group Inc. traces its origins to 1896, when Wisconsin Electric was established to supply energy to the Milwaukee region. Over the twentieth century, the company expanded its infrastructure and diversified its electricity-generation mix.
In its early years, the organization focused on building hydroelectric plants and distributing electricity for public and industrial lighting. As demand increased, it invested in expanding its network and incorporating new transmission technologies.
Throughout the 1980s and 1990s, the company underwent mergers and restructuring initiatives, consolidating its position as one of the leading energy providers in the U.S. Midwest. In 2015, WEC Energy Group Inc. was formed following the merger of Wisconsin Energy Corporation and Integrys Energy Group, extending its presence into additional markets.
Between 2020 and 2024, the company accelerated investments in renewable energy, expanding wind and solar generation projects. It also enhanced natural gas distribution infrastructure and implemented initiatives aimed at reducing carbon emissions, aligned with environmental goals and the broader transition toward a more sustainable energy mix.
Additional Information
The Company WEC Energy Group Inc. (United States), is listed on NYSE with a market value of $ 37.16 Billions, having an equity of $ 14.05 Billions.
With a total of 7.273 employees, the company is listed in the sector of Utilities and categorized in industry of Electrical.
In the last 12 months the Company had a revenue of $ 9.80 Billions, which generated a profit in the amount of $ 1.56 Billion.
As for its main indicators, the Company has a P/E ratio of 23.84, a P/BV ratio of 2.64 and in the last 12 months the dividend yield of WEC was at 3.12%.
The Company is traded internationally through the ticker WEC.
