Milwaukee, Wisconsin-based WEC Energy Group, Inc. (WEC) provides regulated natural gas and electricity, and renewable and non-regulated renewable energy services. With a market cap of $29 billion, WEC Energy operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.
The utilities major has underperformed the broader market over the past year. Over the past 52 weeks, WEC stock has gained 9.3%, lagging behind the S&P 500 Index’s ($SPX) 27% returns. In 2024 alone, WEC is up 10.4% compared to SPX’s 16.8% gains on a YTD basis.
