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I am glad you are interested in learning about public company Electric Utilities! I can provide some general information about Wisconsin Energy Corporation (WGEI), a publicly-traded utility company based in the United States. However, I want to clarify that I do not have real-time access to data or the ability to provide investment advice.
Wisconsin Energy Corporation, also known as WEC Energy Group, is a utility company that provides electric and natural gas service to approximately 4.6 million customers in the Midwest United States. The company operates through five segments: We Energies, Wisconsin Public Service, Minnesota Energy Resources, Upper Michigan Energy Resources, and Peoples Gas.
According to its most recent annual report (Form 10-K) filed with the Securities and Exchange Commission (SEC) for the year ended December 31, 2021, Wisconsin Energy Corporation reported net income of $1.4 billion, compared to $1.2 billion in 2020. Its revenue for 2021 was $7.1 billion, up from $6.5 billion in 2020.
The company's earnings per share (EPS) for 2021 were $3.02, up from $2.65 in 2020. Wisconsin Energy Corporation has a history of increasing its dividend regularly, with an annualized dividend of $1.48 per share as of December 31, 2021, representing a yield of approximately 2.5% based on the stock price at that time.
Wisconsin Energy Corporation's growth strategy includes investing in its infrastructure, expanding its renewable energy portfolio, and making strategic acquisitions. The company has set a goal to reduce its carbon emissions by 70% from 2005 levels by 2030 and achieve net-zero emissions by 2050.
In terms of valuation, Wisconsin Energy Corporation's price-to-earnings (P/E) ratio is around 21.6x based on its current stock price and 2021 earnings per share, which is slightly above the industry average. However, the company has a strong track record of financial performance and pays a consistent dividend, making it an attractive investment option for income-focused investors.
It's important to note that investing in the stock market always involves risks, and it's crucial to conduct your own research and consult with a financial advisor before making investment decisions.