WEC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $102.30
Market Cap (MRQ) $33.33B
P/E 21.3
EPS $4.81
Revenue $9.80B
Div Yield 3.4%
ROE 11.2%
Debt/Equity (MRQ) 1.5
52W Range $100–$120

WEC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 4
Ex-date Split Type
March 2, 2011 2-for-1 Forward
July 1, 1992 3-for-2 Forward
July 1, 1987 2-for-1 Forward
July 28, 1982 3-for-2 Forward

About WEC Energy Group, Inc. Common Stock Company overview from Wikipedia

05 · wikidata

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.

Subsidiaries

Wisconsin

We Energies, the umbrella name for Wisconsin Electric Power and Wisconsin Gas, provides electricity and natural gas to customers in Wisconsin

Wisconsin Public Service Corporation provides electricity and natural gas to customers in northeastern and northcentral Wisconsin

Bluewater Gas Storage provides natural gas storage and hub services for We Energies and Wisconsin Public Service

WEC Infrastructure designs, builds and owns electric generating plants

Wispark develops and invests in real estate, industrial/office buildings and urban redevelopment projects

Wisconsin River Power Company, WEC Energy Group owns 50% while Alliant Energy owns the other 50%

Illinois

Peoples Energy provides natural gas to customers in the city of Chicago

North Shore Gas provides natural gas to customers in Chicago's northern suburbs

Minnesota

Minnesota Energy Resources Corporation provides natural gas to customers in Minnesota

Michigan

Michigan Gas Utilities Corporation provides natural gas to customers in lower Michigan

Upper Michigan Energy Resources provides electric and natural gas to customers in Michigan's Upper Peninsula

History

1896 The Milwaukee Electric Railway and Light Company was formed as a subsidiary of the North American Company to provide interurban rail service in a 12,000-square-mile (31,000 km2) area of southeastern Wisconsin. In time, the company began selling electricity not needed to power the interurban trains to individuals and businesses.

1919 Experiments at the company's East Wells Power Plant (then called Oneida Street Station) in downtown Milwaukee, proved that use of pulverized coal reduced the cost of producing electric power and conserved fuel.

1921 Wisconsin Electric Power Company is formed by the North American Company to build and operate the Lakeside Power Plant in St. Francis, Wisconsin. Lakeside was the world's first power plant to burn pulverized coal exclusively.

1935 The first of five 80-megawatt units at Port Washington Power Plant was brought on line. From 1935 to 1948, Port Washington was the most efficient coal-fueled power plant in the world.

1938 Milwaukee Electric Railway and Light was merged into Wisconsin Electric.

1941 Wisconsin Electric purchased Wisconsin Gas & Electric Company and Wisconsin Michigan Power Company, which also had been under the North American Company.

1946 Wisconsin Electric becomes an independent company, no longer part of the North American Company.

1953 Wisconsin Electric placed into service the first 120-megawatt unit at Oak Creek Power Plant. Seven additional units were completed through 1968.

1970 Wisconsin Electric's 908-megawatt Point Beach Nuclear Plant began operation and gained a worldwide reputation for efficiency.

1980 Wisconsin Electric placed the first 580-megawatt unit at Pleasant Prairie into service. A second unit was added in 1985.

1987 Wisconsin Electric reorganized as a holding company, Wisconsin Energy Corporation, with Wisconsin Electric, Wispark, Wisvest and Witech as subsidiaries.

1994 Wisconsin Energy purchased Lake Geneva-based Wisconsin Southern Gas Co. and merged it into Wisconsin Natural, which subsequently merged with Wisconsin Electric in 1995.

1998 Wisconsin Energy bought ESELCO, parent company of the Edison Sault Electric Company, based in Sault Ste. Marie, Michigan.

2000 WICOR, holding company of Wisconsin Gas, became part of Wisconsin Energy, creating the largest electric and natural gas provider in Wisconsin. The corporation also announced a 10-year plant to invest US$7.0 billion to build five new power plants, to upgrade existing plants and to improve its electric distribution system.

2001 American Transmission Company, the first multi-state all-transmission utility in the United States, was formed by Wisconsin's major utilities, and Wisconsin Electric transferred ownership of its transmission lines to American Transmission in exchange for shares in the new company.

2002 Wisconsin Electric and Wisconsin Gas began doing business as We Energies.

2004 Wisconsin Energy sold the non-energy assets of WICOR for US$850 million as part of its strategy to divest its non-core businesses.

2005 Construction of two 615-megawatt coal-fired units began at the Oak Creek Power Plant site. The same year, the first of two 545-megawatt natural-gas-fueled units began commercial operation at Port Washington Generating Station.

2007 Wisconsin Energy sold Point Beach Nuclear Plant to FPL Energy for approximately US$924 million, with We Energies entitled to the output for the life of the plant.

2008 The Blue Sky Green Field Wind Farm began operation on a 10,600-acre (43 km2) site with 88 turbines (145-megawatt capacity) in Wisconsin's Fond du Lac County.

2009 We Energies received approval to construct and operate the Glacier Hills Wind Park in Wisconsin's Columbia County. The company also announced plans to build a biomass generating facility at the Domtar paper mill in Rothschild, Wisconsin.

2010 The first of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Feb. 2. Wisconsin Energy completed the sale of Edison Sault Electric Company to Cloverland Electric Cooperative. In May, construction began on the Glacier Hills Wind Park in Columbia County.

2011 The second of two 615-megawatt coal-fueled units at the company's Oak Creek expansion site attains commercial operation on Jan. 12. Glacier Hills Wind Park began operating 90 turbines in the towns of Randolph and Scott in Wisconsin.

2013 A 50-megawatt, biomass-based, cogeneration facility in Rothschild, Wisconsin, began commercial operation to provide base-load power for the electric system and steam to the Domtar paper mill.

2014 Wisconsin Energy announced that it was purchasing Integrys Energy Group, parent company of Peoples Gas, North Shore Gas and Wisconsin Public Service, for $9.1 billion.

2015 The company completed its acquisition of Integrys Energy Group in a deal worth $9.1 billion.

2017 WEC Energy Group acquired Bluewater Gas Storage, a Michigan-based company, to provide about one-third of storage needs for WEC Energy Group's natural gas distribution companies in Wisconsin.

2019 WEC Energy Group "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.

Primergy merger

On May 3, 1995, Wisconsin Energy Corporation and Northern States Power Company (NYSE: NSP) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation. It would have been the 10th largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$6.0 billion. NSP would have been the nominal survivor, and the merged company would be headquartered in Minneapolis (headquarters of the old NSP), but the merged company would have been registered in Wisconsin.

On May 16, 1997, both CEOs announced that the boards of directors of both companies had terminated the merger plan because of approval delays by the U.S. Department of Justice, the SEC, and state regulators in Minnesota and Wisconsin. They also stated that regulatory agencies were changing their merger policies as they were considering the companies' filing and that further delay would reduce the benefits of the Primergy transaction.

The delay already had put the merger five months behind schedule and had reduced earnings for both utilities by a total of US$58 million to that point. In addition, Wisconsin Energy's stock had fallen about 13% since early 1995 when the deal had been announced, while NSP's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorUtilities industryUtilities employees7,000 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$9.80B
2021-12-31 → 2025-12-31
EPS$4.81
2021-12-31 → 2025-12-31
Free Cash Flow·
2021-12-31 → 2022-12-31
Net margin16.7%
2021-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend WEC 5Y avg Peer Median Verdict
P/E 21.3 · 23.8 Overvalued
P/S (TTM) 3.3 · 3.3 Overvalued
P/B (MRQ) 2.3 · 2.3 Overvalued
EV / EBITDA 14.8 · 13.1 Overvalued
Price / Cash Flow 9.9 · 9.6 Overvalued
EV / Revenue 5.6 · · ·
Price / Tangible Book (MRQ) 2.3 · · ·
PEG Ratio ≈4.4 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield3.4%
Payout Ratio73.8%
Annualized Payout≈$3.81Paid quarterly
5Y Div CAGR≈7.1%Per share, split-adjusted
Growth Streak≈22Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 14, 2026$0.95USD≈3.4%
May 14, 2026$0.95USD≈3.3%
Feb 13, 2026$0.95USD≈3.1%
Nov 14, 2025$0.89USD≈3.2%
Aug 14, 2025$0.89USD≈3.2%
May 14, 2025$0.89USD≈3.4%
Feb 14, 2025$0.89USD≈3.3%
Nov 14, 2024$0.84USD≈3.5%
Aug 14, 2024$0.84USD≈3.7%
May 13, 2024$0.84USD≈3.8%
Feb 13, 2024$0.84USD≈4.2%
Nov 13, 2023$0.78USD≈3.9%
Aug 11, 2023$0.78USD≈3.5%
May 11, 2023$0.78USD≈3.2%
Feb 13, 2023$0.78USD≈3.2%
Nov 10, 2022$0.73USD≈3.1%
Aug 11, 2022$0.73USD≈2.7%
May 12, 2022$0.73USD≈2.8%
Feb 11, 2022$0.73USD≈3.0%
Nov 10, 2021$0.68USD≈3.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -0.38%
Next Report Oct 28, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 29, 2026 $0.91 $0.82 10.5%
March 31, 2026 $2.45 $2.30 6.7%
Dec. 31, 2025 $0.97 $1.41 -31.3%
Sept. 30, 2025 $0.83 $0.82 1.8%
June 30, 2025 $0.76 $0.71 6.9%
March 31, 2025 $2.27 $2.20 3.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $9.80B$8.60B$8.89B$9.60B$8.32B$7.24B$7.52B$7.68B$7.65B$7.47B$5.93B$5.00B
Cost of Revenue $3.27B$2.66B$3.19B$4.36B$3.31B$2.32B$2.68B$2.90B$2.82B$2.65B$2.24B$2.26B
Operating Expenses $7.56B$6.45B$6.99B$7.67B$6.60B$5.54B$5.99B$6.21B$5.87B$5.78B$4.68B$3.88B
Operating Income $2.24B$2.15B$1.91B$1.92B$1.71B$1.71B$1.53B$1.47B$1.78B$1.70B$1.25B$1.11B
Interest Expense ··$727M$515M$471M$494M$502M$445M$416M$403M$331M$240M
Interest Income $6M$17M$4M$1M········
Other Non-op $108M$178M$178M$129M$133M$80M$102M$70M$74M$67M$60M$13M
Pretax Income $1.67B$1.75B$1.54B$1.73B$1.50B$1.43B$1.26B$1.23B$1.59B$1.51B$1.07B$951M
Income Tax $118M$222M$205M$323M$200M$228M$125M$170M$384M$566M$434M$362M
Net Income $1.56B$1.52B$1.33B$1.41B$1.30B$1.20B$1.13B$1.06B$1.20B·$640M$590M
EPS (Basic) $4.84$4.83$4.22$4.46$4.12$3.80$3.60$3.36$3.81$2.98$2.36$2.61
EPS (Diluted) $4.81$4.83$4.22$4.45$4.11$3.79$3.58$3.34$3.79$2.96$2.34$2.59
Shares (Basic) 321,900,000316,200,000315,400,000315,400,000315,400,000315,400,000315,400,000315,500,000315,600,000315,600,000271,100,000225,600,000
Shares (Diluted) 323,800,000316,500,000315,900,000316,100,000316,300,000316,500,000316,700,000316,900,000317,200,000316,900,000272,700,000227,500,000
EBITDA $3.72B$3.51B$3.17B$3.05B$2.79B$2.68B$2.46B$2.31B$2.58B$2.44B$1.81B$1.52B
Balance Sheet 26
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $28M$10M$43M$29M$16M$25M$38M$84M$39M$38M$50M$62M
Receivables $2.06B$1.67B$1.50B$1.82B$1.51B$1.20B$1.18B$1.28B$1.35B$1.24B$1.03B$643M
Prepaid Expense ····$246M$263M$262M$257M$210M$204M$286M$148M
Other Current Assets $120M$122M$224M$262M$253M$63M$68M$77M$75M$98M$59M$39M
Current Assets $3.28B$2.91B$2.80B$3.19B$2.66B$2.08B$2.09B$2.25B$2.21B$2.17B$2.21B$1.29B
PP&E (Net) $38.28B$34.65B$31.58B$29.11B$26.98B$25.71B$23.62B$22.00B$21.35B$19.92B$19.19B$11.26B
Accum. Depreciation $12.41B$11.61B$11.07B$10.38B$9.89B$9.36B$8.88B$8.52B$8.62B$8.21B$7.92B$4.49B
Goodwill $3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.02B$442M
Intangibles $17M·········$14M$0
Other Non-current Assets $384M$336M$383M$427M$361M$296M$958M$704M$620M$461M$490M$185M
Total Assets $51.52B$47.36B$43.94B$41.87B$38.99B$37.03B$34.95B$33.48B$31.59B$30.12B$29.36B$14.90B
Accounts Payable $1.14B$1.14B$897M$1.20B$1.01B$881M$908M$876M$860M$862M$815M$363M
Short-term Debt $1.92B$1.12B$2.02B$1.65B$1.90B$1.78B$831M$1.44B$1.44B$860M$1.09B$618M
Current Liabilities $5.59B$4.84B$5.11B$4.61B$3.75B$4.15B$3.18B$3.33B$3.87B$2.43B$2.71B$1.67B
Capital Leases $73M$38M$39M$25M$29M·$18M$18M$23M$27M$30M$60M
Deferred Tax $5.89B$5.51B$4.92B$4.63B$4.31B$4.06B$3.77B$3.39B$3.00B$5.15B$4.62B$2.66B
Other Non-current Liabilities $963M$838M$835M$661M$1.20B$1.23B$1.13B$1.11B$1.21B$1.16B$1.07B$270M
Long-term Debt $20.02B$18.91B$16.63B$15.46B$13.56B$12.45B$11.86B$10.34B$8.75B·$9.28B$4.55B
Total Debt $21.94B$20.02B$18.65B$17.11B$15.46B$14.23B$12.69B$1.44B$10.19B$10.02B$10.22B$4.80B
Common Stock $3M$3M$3M$3M$3M$3M$3M$3M$3M$3M$3M$2M
Paid-in Capital ·······$4.25B$4.28B$4.31B$4.35B$300M
Retained Earnings $8.49B$8.08B$7.61B$7.27B$6.78B$6.33B$5.93B$5.54B$5.18B$4.61B$4.30B$4.12B
AOCI $-8M$-8M$-8M$-7M$-3M$-7M$-4M$-3M$3M$3M$5M$300.0K
Stockholders' Equity $14.05B$12.80B$12.07B$11.62B$11.11B$10.66B$10.25B$9.84B$9.49B$8.96B$8.69B$4.45B
Liabilities + Equity $51.52B$47.36B$43.94B$41.87B$38.99B$37.03B$34.95B$33.48B$31.59B$30.12B$29.36B$14.90B
Shares Outstanding 325,461,519317,680,855315,434,531315,434,531315,434,531315,434,531315,434,531315,523,192315,574,624315,614,941315,683,496225,517,339
Cash Flow 18
Metric Trend 202520242023202220212020201920182017201620152014
D&A $1.48B$1.35B$1.26B$1.12B$1.07B$976M$926M$846M$799M$763M$562M$391M
Deferred Tax ·$539M$230M$278M$111M$182M$168M$300M$274M$499M$420M$329M
Restructuring ··$2M$11M$5M$0$0·····
Other Non-cash $345M$-206M$193M$-750M$-451M$-164M$117M···$-329M$-129M
Operating Cash Flow $3.38B$3.21B$3.02B$2.06B$2.03B$2.20B$2.35B$2.45B$2.08B$2.10B$1.30B$1.20B
CapEx ···$2.70B$2.37B$2.87B$2.53B$2.42B$1.96B$1.42B$1.27B$761M
Investing Cash Flow $-4.87B$-3.80B$-3.56B$-2.64B$-2.31B$-2.81B$-2.49B$-2.38B$-2.25B$-1.35B$-2.42B$-757M
Debt Issued $2.84B$4.46B$2.17B$2.00B$2.38B$2.37B$1.90B$1.74B$435M$400M$2.15B$250M
Net Debt Issued $1.12B$2.32B$1.16B$1.91B$1.12B$607M$1.53B$787M$280M$94M$1.62B$-74M
Stock Issued $762M$163M$0$0········
Stock Repurchased $1M$3M$17M$69M$33M$99M$140M$72M$71M$108M$75M$123M
Net Stock Activity $761M$160M$-17M$-69M$-33M$-99M$-140M$-72M$-71M$-108M$-75M$-123M
Dividends Paid $1.15B$1.06B$984M$918M$855M$798M$744M$697M$656M$625M$455M$352M
Financing Cash Flow $1.52B$468M$523M$676M$294M$601M$86M$26M$161M$-846M$1.23B$-405M
Net Change in Cash $29M$-123M$-17M$95M$15M$-10M$-64M$88M$-14M$-96M$107M$36M
Taxes Paid $-281M$-264M$-59M$52M$34M$28M$-25M$16M$5M$-40M$9M$-22M
Free Cash Flow ···$-636M$-340M$-678M$-184M·$120M$680M$27M$462M
Levered FCF ···$-1.06B$-748M$-1.09B$-635M·$-195M$429M$-170M$312M
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 22.9%25.0%21.5%20.1%20.6%23.6%20.4%19.1%23.3%22.5%21.1%22.2%
Net Margin 15.9%17.7%15.0%14.7%15.6%16.6%15.1%···10.8%11.8%
Pretax Margin 17.1%20.3%17.3%18.1%18.0%19.7%16.7%16.0%20.8%20.2%18.1%19.0%
EBITDA Margin 38.0%40.8%35.7%31.8%33.5%37.0%32.7%30.1%33.8%32.7%30.6%30.4%
ROA 3.1%3.3%3.1%3.5%3.4%3.3%3.3%···2.9%4.0%
ROE 11.2%12.1%11.0%12.2%······9.8%13.6%
ROIC 5.8%5.7%5.4%5.5%9.6%10.1%10.9%87.9%6.9%5.5%3.9%7.5%
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.60.60.50.70.70.50.70.70.60.90.80.9
Quick Ratio 0.40.30.30.40.40.30.40.40.40.50.40.2
Debt / Equity 1.61.61.51.5····1.11.11.21.1
LT Debt / Equity 1.31.31.31.3····0.91.01.10.9
Interest Coverage ··2.63.73.63.53.13.34.34.23.84.6
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.20.20.20.20.20.20.20.20.20.30.30.3
Receivables Turnover 5.35.45.45.86.16.16.15.85.96.67.113.2
Per Share 6
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $43.18$40.30$38.27$36.83····$30.08$28.39$27.51$19.60
Revenue / Share $30.27$27.17$28.15$30.36$26.29$22.88$23.75$24.23$24.11$23.58$21.73$21.97
Cash Flow / Share $10.44$10.15$9.55$6.52$6.43$6.94$7.41·$6.56$6.64$4.74$5.26
Cash / Share $0.08$0.03$0.14$0.09$0.05$0.08$0.12$0.27$0.12$0.12$0.16$0.27
Dividend / Share $3.57$3.34$3.12$2.91$2.71$2.53$2.36$2.21$2.08$1.98$1.74$1.56
EPS (TTM) $4.81$4.83$4.22$4.45$4.11$3.79$3.58$3.34$3.79$2.96$2.34$2.59
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 14.0%-3.3%-7.3%15.4%14.8%·······
Revenue CAGR 3Y 0.70%1.1%7.1%·········
Revenue CAGR 5Y 6.2%···········
EPS YoY -0.41%14.4%-5.2%8.3%8.4%·······
EPS CAGR 3Y 2.6%5.5%3.6%·········
EPS CAGR 5Y 4.9%···········
Net Income YoY 2.1%14.5%-5.5%8.6%8.1%·······
Net Income CAGR 3Y 3.3%5.5%3.5%·········
Net Income CAGR 5Y 5.3%···········
Dividends Paid CAGR 5Y 7.5%···········
Valuation (TTM) 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $9.80B$8.60B$8.89B$9.60B$8.32B$7.24B$7.52B$7.68B$7.65B$7.47B$5.93B$5.00B
Net Income TTM $1.56B$1.52B$1.33B$1.41B$1.30B$1.20B$1.13B$1.06B$1.20B$586M$640M$590M
Market Cap $34.32B$29.87B$26.55B$29.58B$30.62B$29.03B$29.09B$21.85B$20.96B$18.51B$16.20B$11.89B
Enterprise Value $56.24B$49.89B$45.16B$46.66B$46.06B$43.23B$41.74B$23.21B$31.12B$28.49B$26.37B$16.64B
P/E 21.919.519.921.123.624.325.820.717.519.821.920.4
P/S 3.53.53.03.13.74.03.92.82.72.52.72.4
P/B 2.42.32.22.5····2.22.11.92.7
P / Tangible Book 3.13.12.93.53.83.8······
P / Cash Flow 10.29.38.814.415.113.212.4·10.18.812.59.9
P / FCF ···-46.5-90.1-42.8-158.5·174.627.2591.225.8
EV / EBITDA 15.114.214.215.316.516.117.010.012.011.714.510.9
EV / FCF ···-73.3-135.5-63.7-227.5·259.141.9962.336.0
EV / Revenue 5.75.85.14.95.56.05.53.04.13.84.43.3
Dividend Yield 3.3%3.5%3.7%3.1%2.8%2.8%2.6%3.2%3.1%3.4%2.8%3.0%
Earnings Yield 4.6%5.1%5.0%4.8%4.2%4.1%3.9%4.8%5.7%5.1%4.6%4.9%
Payout Ratio 73.8%69.3%73.9%65.1%65.8%66.4%65.6%···71.1%59.8%
Annual Payout $1.15B$1.06B$984M$918M$855M$798M$744M$697M$656M$625M$455M$352M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $9.80B · · $8.60B ·
Operating Margin % 22.9% · · 25.0% ·
Net Income $1.56B · · $1.52B ·
Diluted EPS $4.81 · · $4.83 ·

Institutional owners (13F) 1,493 filers · $36.9B total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,493
Value held $36.9B
New positions 109
Exited positions 82
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
109 (-62 vs prior Q) 82 (-2 vs prior Q) 568 (+30 vs prior Q) 415 (+1 vs prior Q) +8.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $4,334,400,833 41,099,951 11.74% Shares
BlackRock, Inc. $3,890,925,527 33,321,277 10.54% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,481,964,215 21,255,153 6.72% Shares
STATE STREET CORP $2,463,151,518 21,094,044 6.67% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,970,836,470 16,877,935 5.34% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,075,013,211 9,240,374 2.91% Shares
BANK OF AMERICA CORP /DE/ $1,004,893,257 8,605,748 2.72% Shares
WELLS FARGO & COMPANY/MN $1,001,052,283 8,572,855 2.71% Shares
DEUTSCHE BANK AG\ $706,875,835 6,053,574 1.91% Shares
AMERIPRISE FINANCIAL INC $680,826,195 5,822,834 1.84% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $629,657,723 5,385,908 1.71% Shares
JPMORGAN CHASE & CO $611,313,906 5,161,378 1.66% Shares
FRANKLIN RESOURCES INC $545,425,624 4,670,940 1.48% Shares
Invesco Ltd. $539,354,605 4,618,948 1.46% Shares
MORGAN STANLEY $501,150,192 4,291,770 1.36% Shares
FEDERATED HERMES, INC. $481,716,419 4,125,344 1.30% Shares
ENVESTNET ASSET MANAGEMENT INC $436,133,492 3,734,979 1.18% Shares
WELLINGTON MANAGEMENT GROUP LLP $417,155,687 3,572,456 1.13% Shares
NORTHERN TRUST CORP $407,558,713 3,490,269 1.10% Shares
BARCLAYS PLC $375,765,747 3,217,999 1.02% Shares
Nuveen Asset Management, LLC $370,127,987 3,935,857 1.00% Shares
Nuveen, LLC $335,714,400 2,875,006 0.91% Shares
RAYMOND JAMES FINANCIAL INC $301,901,976 2,585,441 0.82% Shares
Legal & General Group Plc $299,099,818 2,561,444 0.81% Shares
PNC Financial Services Group, Inc. $296,481,649 2,539,022 0.80% Shares
Clearbridge Investments, LLC $248,851,775 2,131,128 0.67% Shares
Rare Infrastructure Ltd $246,353,391 2,364,236 0.67% Shares
Bank of New York Mellon Corp $228,774,078 1,959,186 0.62% Shares
VANGUARD FIDUCIARY TRUST CO $213,475,411 1,828,170 0.58% Shares
GOLDMAN SACHS GROUP INC $211,657,213 1,812,599 0.57% Shares
MAIRS & POWER INC $208,773,667 1,787,905 0.57% Shares
Qube Research & Technologies Ltd $206,886,197 1,771,741 0.56% Shares
EARNEST PARTNERS LLC $198,673,062 1,701,405 0.54% Shares
ROYAL BANK OF CANADA $194,871,000 1,668,840 0.53% Shares
CITIGROUP INC $182,599,686 1,563,755 0.49% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $181,313,301 1,566,151 0.49% Shares
UBS Group AG $173,452,026 1,485,416 0.47% Shares
LPL Financial LLC $156,570,985 1,340,850 0.42% Shares
DIMENSIONAL FUND ADVISORS LP $154,093,808 1,319,446 0.42% Shares
STIFEL FINANCIAL CORP $145,332,009 1,244,577 0.39% Shares
Magellan Asset Management Ltd $144,582,279 1,238,180 0.39% Shares
FMR LLC $142,454,651 1,219,960 0.39% Shares
CONFLUENCE INVESTMENT MANAGEMENT LLC $138,670,220 1,187,550 0.38% Shares
PRINCIPAL FINANCIAL GROUP INC $131,115,161 1,122,849 0.36% Shares
Caisse de depot et placement du Quebec $128,290,411 1,098,659 0.35% Shares
Soroban Capital Partners LP $122,741,735 1,051,141 0.33% Shares
CRAWFORD INVESTMENT COUNSEL INC $122,694,755 1,050,739 0.33% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $117,162,697 1,003,363 0.32% Shares
AMERICAN CENTURY COMPANIES INC $116,944,245 1,001,490 0.32% Shares
FIRST TRUST ADVISORS LP $115,079,665 985,524 0.31% Shares

Show all 1,493 institutional owners →

Company insiders 54 insiders · 26 officers · 27 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Scott J Lauber President and CEO Feb. 9, 2026 M 66,801 0 1 $-895,452
Charles R Matthews Special Adviser to CEO July 1, 2022 F 1,435 0 0 $0
Joseph Kevin Fletcher Pres. and CEO-WEC Energy Group Jan. 4, 2022 F 23,450 0 0 $0
James C Donnelly President and CEO of WICOR Ind June 25, 2004 M 50,761 0 0 $0
Xia Liu EVP and CFO Jan. 2, 2026 A 23,548 0 0 $0
Michael Hooper EVP & Chief Operating Officer April 1, 2026 A 7,720 0 0 $0
Daniel Krueger EVP WEC Infrastructure Aug. 27, 2026 I 5,545 0 3 $-517,618
Anthony Reese Vice President and Treasurer May 12, 2026 I 2,038 0 0 $0
Margaret C Kelsey Executive VP & General Counsel March 4, 2026 A 12,178 0 0 $0
Mary Beth Straka Sr. VP-Corp Comm & Inv Rel Feb. 13, 2026 M 4,707 0 1 $-325,132
Molly A Mulroy EVP & Chief Admin Officer Jan. 2, 2026 A 7,084 0 0 $0
Joshua M Erickson VP and Deputy General Counsel Jan. 2, 2026 A 2,905 0 1 $-11,247
Robert M Garvin Exec Vice President - Ext Affs Jan. 2, 2026 A 16,661 0 0 $0
William J Guc Vice President & Controller Jan. 2, 2026 A 8,602 0 0 $0
William Mastoris Vice President Jan. 3, 2025 F 5,102 0 0 $0
Tom Metcalfe Pres. WI Utilities Nov. 22, 2021 M 5,806 0 0 $0
Frederick D Kuester Sr. Executive Vice Pres. July 1, 2020 F 31,112 0 0 $0
James A. Schubilske Vice President & Treasurer July 31, 2018 F 6,215 0 0 $0
James Patrick Keyes Executive VP July 31, 2018 F 17,865 0 0 $0
Joan M Shafer Executive Vice President April 30, 2018 F 8,181 0 0 $0
Susan H. Martin Executive VP Jan. 4, 2018 F 16,008 0 0 $0
Stephen P Dickson Vice President and Controller Feb. 17, 2015 M 64,239 0 0 $0
Kristine A Rappe Sr. VP, Chief Admin. Officer Feb. 28, 2013 D 2,888 0 0 $0
James C Fleming Executive VP March 30, 2012 F 5,388 0 0 $0
Charles R Cole Senior Vice President Jan. 3, 2012 A 12,168 0 0 $0
Larry Salustro Executive Vice President Jan. 8, 2007 F 26,862 0 0 $0
Danny L Cunningham Director July 8, 2026 A 6,787 0 0 $0
Thomas K Lane Director July 8, 2026 A 3,434 0 0 $0
Mary Ellen Stanek Director July 8, 2026 A 4,204 0 0 $0
Gale E Klappa Director Feb. 23, 2026 M 276,600 0 7 $-3,835,849
John D Lange Director Jan. 2, 2026 A 3,353 0 0 $0
Ave M Bie Director Jan. 2, 2026 A 3,264 0 0 $0
Cristina A Garcia-Thomas Director Jan. 2, 2026 A 3,187 0 0 $0
Maria C Green Director Jan. 2, 2026 A 1,689 0 0 $0
Glen E Tellock Director Jan. 2, 2026 A 1,603 0 0 $0
Warner L Baxter Director Jan. 2, 2026 A 3,353 0 0 $0
Curt S Culver Director Jan. 2, 2025 A 3,301 0 0 $0
Henry W Knueppel Director Jan. 8, 2021 A 1,538 0 0 $0
Patricia Walsh Chadwick Director Jan. 4, 2021 A 21,434 0 0 $0
Thomas J Fischer Director Jan. 4, 2021 A 3,538 0 0 $0
Albert J Budney JR Director Jan. 2, 2020 A 4,802 0 0 $0
BOWLES BARBARA L Director Jan. 2, 2020 A 20,076 0 0 $0
Allen L Leverett Director May 24, 2019 M 31,281 0 0 $0
John F Bergstrom Director Jan. 4, 2019 A 7,499 0 0 $0
William J Brodsky Director Jan. 2, 2019 A 4,694 0 0 $0
Paul W Jones Director Jan. 3, 2017 A 7,165 0 0 $0
Robert A Cornog Director May 2, 2013 A 5,456 0 0 $0
Frederick P Stratton JR Director May 3, 2012 A 24,978 0 0 $0
John F Ahearne Director March 3, 2008 A 16,461 0 0 $0
WARDEBERG GEORGE E Director Feb. 1, 2006 D 5,660 0 0 $0
Willie D Davis Director Jan. 3, 2005 A 13,061 0 0 $0
Ulice Payne JR · Aug. 11, 2026 S 19,588 0 2 $-269,638
William M Farrow III · Jan. 2, 2026 A 5,753 0 0 $0
Richard A Abdoo · Jan. 27, 2004 A 29,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 248 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RSPU · Invesco Exchange-Traded Fund Trust 3.32% 154,074 SH Sept. 28, 2026 Daily
PUI · Invesco Exchange-Traded Fund Trust 3.29% 15,830 SH Sept. 28, 2026 Daily
MDLV · EA Series Trust 3.28% 11,480 NS June 30, 2026 N-PORT
TPZ · Tortoise Capital Series Trust 2.95% 34,133 NS May 31, 2026 N-PORT
FDV · Federated Hermes ETF Trust 2.92% 234,985 NS July 31, 2026 N-PORT
UTES · ETFis Series Trust I 2.90% 391,057 NS April 30, 2026 N-PORT
FPWR · First Trust Exchange-Traded Fund IV 2.87% 7,762 NS July 31, 2026 N-PORT
GARA · GUINNESS ATKINSON FUNDS 2.78% 98 NS June 30, 2026 N-PORT
XLU · SELECT SECTOR SPDR TRUST 2.68% 5,300,119 NS June 30, 2026 N-PORT
VPU · VANGUARD WORLD FUND 2.42% 2,229,715 SH Aug. 19, 2026 Daily
IQRA · New York Life Investments Active ET… 2.42% 1,522 NS July 31, 2026 N-PORT
BDIV · ETF Series Solutions 2.38% 1,268 NS April 30, 2026 N-PORT
FUTY · FIDELITY COVINGTON TRUST 2.32% 493,032 NS July 31, 2026 N-PORT
IDU · iShares Trust 2.20% 270,142 SH Sept. 11, 2026 Daily
ELCV · Strategy Shares 2.20% 41,182 NS April 30, 2026 N-PORT
PAYR · Federated Hermes ETF Trust 2.19% 11,446 NS July 31, 2026 N-PORT
UPW · ProShares Trust 1.95% 3,384 NS May 31, 2026 N-PORT
UPGD · Invesco Exchange-Traded Fund Trust 1.91% 22,073 SH Sept. 28, 2026 Daily
BGIG · ETF Series Solutions 1.86% 342,880 NS June 30, 2026 N-PORT
CDC · Victory Portfolios II 1.70% 104,652 NS June 30, 2026 N-PORT
CDL · Victory Portfolios II 1.70% 57,011 NS June 30, 2026 N-PORT
TPHD · Timothy Plan 1.67% 50,195 NS June 30, 2026 N-PORT
UTSL · Direxion Shares ETF Trust 1.64% 6,041 NS April 30, 2026 N-PORT
FXU · First Trust Exchange-Traded AlphaDE… 1.59% 120,680 NS July 31, 2026 N-PORT
JXI · iShares Trust 1.58% 44,874 SH Sept. 11, 2026 Daily
EPMB · Harbor ETF Trust 1.54% 644 NS July 31, 2026 N-PORT
HUSV · First Trust Exchange-Traded Fund III 1.49% 10,028 NS July 31, 2026 N-PORT
EMLP · First Trust Exchange-Traded Fund IV 1.41% 530,999 NS July 31, 2026 N-PORT
SDY · SPDR SERIES TRUST 1.41% 2,576,578 NS June 30, 2026 N-PORT
POWR · iShares, Inc. 1.38% 59,769 SH Sept. 11, 2026 Daily
ALTL · Pacer Funds Trust 1.35% 11,013 NS April 30, 2026 N-PORT
SPLV · Invesco Exchange-Traded Fund Trust … 1.26% 873,748 SH Sept. 28, 2026 Daily
EPMV · Harbor ETF Trust 1.18% 503 NS July 31, 2026 N-PORT
LVHD · Legg Mason ETF Investment Trust 1.10% 57,268 NS June 30, 2026 N-PORT
VRAI · ETFis Series Trust I 1.08% 1,680 NS April 30, 2026 N-PORT
EPSB · Harbor ETF Trust 1.06% 464 NS July 31, 2026 N-PORT
EIPI · First Trust Exchange-Traded Fund VI… 1.02% 96,790 NS May 31, 2026 N-PORT
DVY · iShares Trust 1.00% 2,241,036 SH Sept. 11, 2026 Daily
RBLD · First Trust Exchange-Traded Fund II 0.93% 3,239 NS June 30, 2026 N-PORT
FDL · First Trust Exchange-Traded Fund 0.84% 523,144 NS June 30, 2026 N-PORT
USMV · iShares Trust 0.79% 1,769,451 SH Sept. 11, 2026 Daily
TPLC · Timothy Plan 0.73% 19,048 NS June 30, 2026 N-PORT
MCDS · J.P. Morgan Exchange-Traded Fund Tr… 0.72% 500 NS June 30, 2026 N-PORT
QLV · FlexShares Trust 0.71% 10,584 NS July 31, 2026 N-PORT
TCAL · T. Rowe Price Exchange-Traded Funds… 0.70% 16,464 NS June 30, 2026 N-PORT
DURA · VanEck ETF Trust 0.70% 2,214 NS June 30, 2026 N-PORT
ACWV · iShares, Inc. 0.67% 214,470 SH Sept. 11, 2026 Daily
VOE · VANGUARD INDEX FUNDS 0.66% 2,092,366 SH Aug. 19, 2026 Daily
HDV · iShares Trust 0.52% 757,620 SH Sept. 11, 2026 Daily
PAPI · Morgan Stanley ETF Trust 0.52% 17,779 NS June 30, 2026 N-PORT
EIPX · First Trust Exchange-Traded Fund IV 0.48% 24,888 NS July 31, 2026 N-PORT
TCAF · T. Rowe Price Exchange-Traded Funds… 0.45% 284,686 NS June 30, 2026 N-PORT
ONEY · SPDR SERIES TRUST 0.44% 27,498 NS June 30, 2026 N-PORT
EQIN · Columbia ETF Trust I 0.42% 9,795 NS April 30, 2026 N-PORT
SIXL · EXCHANGE TRADED CONCEPTS TRUST 0.41% 7,027 NS May 31, 2026 N-PORT
FVD · First Trust Exchange-Traded Fund 0.40% 277,273 NS June 30, 2026 N-PORT
CFA · Victory Portfolios II 0.40% 18,189 NS June 30, 2026 N-PORT
CFO · Victory Portfolios II 0.40% 14,059 NS June 30, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 14,694 NS April 30, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 14,438 NS April 30, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.37% 7,059,711 SH Aug. 19, 2026 Daily
CVMC · Morgan Stanley ETF Trust 0.35% 3,118 NS June 30, 2026 N-PORT
IWS · iShares Trust 0.34% 487,430 SH Sept. 11, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.32% 41,182 NS July 31, 2026 N-PORT
QUS · SPDR SERIES TRUST 0.32% 41,974 NS June 30, 2026 N-PORT
DEW · WisdomTree Trust 0.32% 3,792 NS June 30, 2026 N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.30% 190,637 NS April 30, 2026 N-PORT
ONEV · SPDR SERIES TRUST 0.30% 8,811 NS June 30, 2026 N-PORT
FLDZ · Elevation Series Trust 0.30% 104 NS June 30, 2026 N-PORT
DHS · WisdomTree Trust 0.30% 38,338 NS June 30, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 0.28% 10,150 SH Aug. 19, 2026 Daily
PEPS · Morgan Stanley ETF Trust 0.28% 686 NS June 30, 2026 N-PORT
IMCV · iShares Trust 0.26% 29,072 SH Sept. 11, 2026 Daily
DGRO · iShares Trust 0.25% 1,035,685 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.25% 36,202 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.25% 1,336,232 SH Sept. 11, 2026 Daily
IMCB · iShares Trust 0.24% 38,051 SH Sept. 11, 2026 Daily
JHMM · John Hancock Exchange-Traded Fund T… 0.24% 117,149 NS June 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.23% 5,699 NS May 29, 2026 N-PORT
QWLD · SPDR INDEX SHARES FUNDS 0.22% 3,187 NS June 30, 2026 N-PORT
DFVE · DoubleLine ETF Trust 0.22% 600 NS June 30, 2026 N-PORT
IMCG · iShares Trust 0.21% 81,180 SH Sept. 11, 2026 Daily
FDLO · FIDELITY COVINGTON TRUST 0.21% 26,750 NS July 31, 2026 N-PORT
VRP · Invesco Exchange-Traded Fund Trust … 0.20% 6,215,000 Sept. 28, 2026 Daily
ROUS · Lattice Strategies Trust 0.20% 9,970 NS April 30, 2026 N-PORT
STXV · EA Series Trust 0.20% 1,343 NS June 30, 2026 N-PORT
EUSA · iShares, Inc. 0.20% 35,686 SH Sept. 11, 2026 Daily
FQAL · FIDELITY COVINGTON TRUST 0.20% 25,273 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.19% 411 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.19% 15,387 SH Sept. 28, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.19% 1,841,671 SH Sept. 28, 2026 Daily
GSEW · Goldman Sachs ETF Trust 0.19% 30,450 NS May 31, 2026 N-PORT
SIZE · iShares Trust 0.18% 7,248 SH Sept. 11, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.17% 215,000 Sept. 28, 2026 Daily
SPDG · SPDR SERIES TRUST 0.17% 182 NS June 30, 2026 N-PORT
DLN · WisdomTree Trust 0.17% 87,286 NS June 30, 2026 N-PORT
UDIV · Franklin Templeton ETF Trust 0.16% 1,932 NS June 30, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.16% 2,488 NS July 31, 2026 N-PORT
VYM · VANGUARD WHITEHALL FUNDS 0.16% 1,302,483 SH Aug. 19, 2026 Daily
DTD · WisdomTree Trust 0.15% 20,730 NS June 30, 2026 N-PORT
ONEO · SPDR SERIES TRUST 0.15% 370 NS June 30, 2026 N-PORT
VTV · VANGUARD INDEX FUNDS 0.14% 3,098,372 SH Aug. 19, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.13% 3,714,000 Sept. 28, 2026 Daily
MODL · Victory Portfolios II 0.13% 11,505 NS June 30, 2026 N-PORT
SPYV · SPDR SERIES TRUST 0.13% 396,248 NS June 30, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.13% 75,013 SH Aug. 19, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.12% 9,277 SH Sept. 28, 2026 Daily
GEW · EA Series Trust 0.12% 1,501 NS May 29, 2026 N-PORT
SCHV · SCHWAB STRATEGIC TRUST 0.12% 163,959 NS May 31, 2026 N-PORT
IVE · iShares Trust 0.12% 541,698 SH Sept. 11, 2026 Daily
EQL · ALPS ETF Trust 0.11% 13,930 NS May 31, 2026 N-PORT
JHML · John Hancock Exchange-Traded Fund T… 0.11% 11,178 NS June 30, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.11% 5,208,000 Sept. 28, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.11% 196,740 SH Aug. 19, 2026 Daily
IUSV · iShares Trust 0.11% 286,224 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.11% 19 NS April 30, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 0.11% 4,047,000 Sept. 28, 2026 Daily
SHE · SPDR SERIES TRUST 0.11% 3,008 NS June 30, 2026 N-PORT
GVUS · Goldman Sachs ETF Trust 0.11% 3,939 NS May 31, 2026 N-PORT
FTHI · First Trust Exchange-Traded Fund VI 0.10% 20,900 NS June 30, 2026 N-PORT
FTQI · First Trust Exchange-Traded Fund VI 0.10% 7,783 NS June 30, 2026 N-PORT
NACP · Tidal Trust III 0.10% 633 NS June 30, 2026 N-PORT
SPXD · DBX ETF Trust 0.09% 57 NS May 31, 2026 N-PORT
IWD · iShares Trust 0.09% 723,495 SH Sept. 11, 2026 Daily
JFLI · J.P. Morgan Exchange-Traded Fund Tr… 0.09% 350 NS April 30, 2026 N-PORT
SPXT · ProShares Trust 0.09% 2,176 NS May 31, 2026 N-PORT
XMAG · Tidal Trust II 0.08% 1,078 NS May 31, 2026 N-PORT
AVMC · AMERICAN CENTURY ETF TRUST 0.08% 3,027 NS May 31, 2026 N-PORT
AAUS · EA Series Trust 0.08% 3,359 NS June 30, 2026 N-PORT
GSLC · Goldman Sachs ETF Trust 0.08% 108,322 NS May 31, 2026 N-PORT
VLU · SPDR SERIES TRUST 0.08% 4,690 NS June 30, 2026 N-PORT
CVLC · Morgan Stanley ETF Trust 0.07% 5,431 NS June 30, 2026 N-PORT
SSPY · Exchange Listed Funds Trust 0.07% 790 NS June 30, 2026 N-PORT
URSP · ProShares Trust 0.07% 198 NS May 31, 2026 N-PORT
AUSF · Global X Funds 0.07% 5,190 NS May 31, 2026 N-PORT
FNDX · SCHWAB STRATEGIC TRUST 0.07% 154,269 NS May 31, 2026 N-PORT
DSPY · Tema ETF Trust 0.07% 5,276 NS May 31, 2026 N-PORT
XCLR · Global X Funds 0.07% 18 NS April 30, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.07% 63,901 SH Sept. 28, 2026 Daily
SPXN · ProShares Trust 0.06% 455 NS May 31, 2026 N-PORT
TOPC · iShares Trust 0.06% 196 SH Sept. 10, 2026 Daily
XRMI · Global X Funds 0.06% 261 NS April 30, 2026 N-PORT
SPYH · NEOS ETF Trust 0.06% 174 NS June 30, 2026 N-PORT
XYLD · Global X Funds 0.06% 16,535 NS April 30, 2026 N-PORT
XYLG · Global X Funds 0.06% 340 NS April 30, 2026 N-PORT
CATH · Global X Funds 0.06% 6,425 NS April 30, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.06% 7,399 NS May 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.06% 16,861 NS April 30, 2026 N-PORT
SPYX · SPDR SERIES TRUST 0.06% 14,329 NS June 30, 2026 N-PORT
USPX · Franklin Templeton ETF Trust 0.06% 10,302 NS June 30, 2026 N-PORT
SPXV · ProShares Trust 0.06% 219 NS May 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.06% 8,461,607 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.06% 380,397 SH Aug. 19, 2026 Daily
STXF · EA Series Trust 0.06% 5,468 NS June 30, 2026 N-PORT
TOV · EA Series Trust 0.06% 1,200 NS April 30, 2026 N-PORT
RAUS · EA Series Trust 0.06% 282 NS June 30, 2026 N-PORT
CHRI · Global X Funds 0.06% 26 NS April 30, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.06% 39,669 NS April 30, 2026 N-PORT
NTSX · WisdomTree Trust 0.06% 6,939 NS June 30, 2026 N-PORT
SPLG · SPDR SERIES TRUST 0.06% 777,594 NS June 30, 2026 N-PORT
SPYI · NEOS ETF Trust 0.06% 51,904 NS June 30, 2026 N-PORT
SPXE · ProShares Trust 0.06% 434 NS May 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.06% 27 NS April 30, 2026 N-PORT
SPUU · Direxion Shares ETF Trust 0.06% 1,092 NS April 30, 2026 N-PORT
XTR · Global X Funds 0.06% 17 NS April 30, 2026 N-PORT
GXLC · Global X Funds 0.06% 23 NS May 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.06% 7,423 NS April 30, 2026 N-PORT
GSUS · Goldman Sachs ETF Trust 0.06% 15,880 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.06% 63,020 NS July 31, 2026 N-PORT
ILCV · iShares Trust 0.06% 6,992 SH Sept. 11, 2026 Daily
ONOF · Global X Funds 0.06% 714 NS May 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.05% 5,498 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.05% 27,190 NS July 31, 2026 N-PORT
SPTM · SPDR SERIES TRUST 0.05% 62,923 NS June 30, 2026 N-PORT
GTOS · Invesco Actively Managed Exchange-T… 0.05% 68,000 Sept. 28, 2026 Daily
WAMA · WisdomTree Trust 0.05% 858 NS June 30, 2026 N-PORT
SCHX · SCHWAB STRATEGIC TRUST 0.05% 345,690 NS May 31, 2026 N-PORT
IVV · iShares Trust 0.05% 4,105,803 SH Sept. 11, 2026 Daily
DIVB · iShares Trust 0.05% 10,077 SH Sept. 11, 2026 Daily
GUSA · Goldman Sachs ETF Trust II 0.05% 11,044 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.05% 98,280 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.05% 6,298 SH Sept. 11, 2026 Daily
SCHK · SCHWAB STRATEGIC TRUST 0.05% 26,242 NS May 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.05% 1,939 SH Sept. 28, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.05% 10,339,459 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.05% 53,694 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.05% 27,505 SH Aug. 19, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.05% 56,275 SH Sept. 28, 2026 Daily
IYY · iShares Trust 0.05% 14,114 SH Sept. 10, 2026 Daily
IWB · iShares Trust 0.05% 226,539 SH Sept. 11, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.05% 191,798 NS May 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.05% 684 NS July 31, 2026 N-PORT
RWL · Invesco Exchange-Traded Fund Trust … 0.05% 47,566 SH Sept. 28, 2026 Daily
ILCG · iShares Trust 0.05% 14,357 SH Sept. 11, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 8,781 NS April 30, 2026 N-PORT
ISPY · ProShares Trust 0.05% 5,530 NS May 31, 2026 N-PORT
IWV · iShares Trust 0.05% 89,634 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.05% 419,934 SH Sept. 11, 2026 Daily
EPS · WisdomTree Trust 0.05% 6,253 NS June 30, 2026 N-PORT
LGH · Northern Lights Fund Trust III 0.05% 2,280 NS June 30, 2026 N-PORT
ZZZ · CYBER HORNET TRUST 0.05% 28 NS June 30, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.04% 22,019 NS April 30, 2026 N-PORT
GPIX · Goldman Sachs ETF Trust 0.04% 17,622 NS June 30, 2026 N-PORT
FB · ProShares Trust 0.04% 7 NS May 31, 2026 N-PORT
GDE · WisdomTree Trust 0.04% 2,305 NS May 31, 2026 N-PORT
KOKU · DBX ETF Trust 0.04% 3,090 NS May 29, 2026 N-PORT
NTSD · WisdomTree Trust 0.04% 130 NS June 30, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.04% 259 SH Sept. 28, 2026 Daily
TOK · iShares Trust 0.04% 924 SH Sept. 11, 2026 Daily
SFY · Tidal Trust I 0.04% 2,405 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.04% 7,742 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.04% 11,706 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.04% 28,991 SH Sept. 10, 2026 Daily
DFAC · Dimensional ETF Trust 0.04% 160,448 NS July 31, 2026 N-PORT
SSO · ProShares Trust 0.04% 27,612 NS May 31, 2026 N-PORT
USCA · DBX ETF Trust 0.04% 10,661 NS May 29, 2026 N-PORT
EBI · RBB Fund Trust 0.04% 2,114 NS May 31, 2026 N-PORT
MSLC · MORGAN STANLEY PATHWAY FUNDS 0.04% 12,627 NS May 31, 2026 N-PORT
LGDX · Tidal Trust III 0.03% 404 NS April 30, 2026 N-PORT
ACWI · iShares Trust 0.03% 106,756 SH Sept. 11, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.03% 5,637 SH Sept. 28, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.03% 15,939 SH Sept. 25, 2026 Daily
MMTM · SPDR SERIES TRUST 0.03% 478 NS June 30, 2026 N-PORT
USCL · iShares Trust 0.03% 8,481 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.03% 253,268 SH Aug. 19, 2026 Daily
AVLC · AMERICAN CENTURY ETF TRUST 0.03% 2,932 NS May 31, 2026 N-PORT
UPRO · ProShares Trust 0.03% 12,532 NS May 31, 2026 N-PORT
HCMT · Direxion Shares ETF Trust 0.02% 1,158 NS April 30, 2026 N-PORT
GSPY · Tidal Trust I 0.02% 1,071 NS June 30, 2026 N-PORT
THEQ · T. Rowe Price Exchange-Traded Funds… 0.02% 53 NS June 30, 2026 N-PORT
LRGF · iShares Trust 0.01% 4,853 SH Sept. 11, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.01% 389,000 Sept. 25, 2026 Daily
STXG · EA Series Trust 0.01% 134 NS June 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.01% 10,877 NS May 31, 2026 N-PORT
APUE · Trust for Professional Managers 0.00% 944 NS May 31, 2026 N-PORT
FMDE · Fidelity Covington Trust 0.00% 20 NS June 30, 2026 N-PORT
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
IFRA · iShares Trust · 397,655 SH Sept. 11, 2026 Daily

WEC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 24 analysts BUY
Median target $121.00 +18.3%
4 16.7% Strong Buy
6 25.0% Buy
12 50.0% Hold
2 8.3% Sell
0 0.0% Strong Sell

12-Month Price Target

17 analysts · 2026-09-29

Mean target $121.62 +18.9%

← Below all targets Current price $102.30
Low$108.50 Mean$121.62 High$140.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
WEC $34.32B 21.9 14.0% 15.9% 11.2% ·
D $51.50B 17.0 14.2% 18.2% 10.7% ·
SRE · · · · · ·
ED $35.85B 17.6 10.9% 12.0% 8.4% ·
PEG $39.99B 19.0 18.2% 17.3% 12.6% ·
AEE $27.60B 18.7 15.4% 16.6% 11.5% ·
DTE · · · · · ·
CNP $25.03B 24.0 8.3% 11.2% 9.5% ·
CMS $21.43B 19.8 13.6% 12.5% 12.3% ·
NI $19.98B 21.4 23.5% 14.2% 10.2% ·
BKH $5.24B 17.4 8.6% 12.6% 8.0% ·

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 4, 2026