Core Viewpoint - WEC Energy Group, Inc. is a significant player in the regulated utilities sector, with a strong market presence and growth prospects despite recent stock performance challenges [1][2][3][4][5] Company Overview - WEC Energy Group, Inc. is headquartered in Milwaukee, Wisconsin, and provides regulated natural gas and electricity, along with renewable energy services, with a market cap of $34.1 billion [1] - The company operates an extensive infrastructure, including 35,500 miles of overhead and 36,500 miles of underground distribution lines, along with significant gas mains and storage capacity [1][2] Financial Performance - In Q3, WEC reported an EPS of $0.83, exceeding Wall Street's expectation of $0.79, and revenue of $2.1 billion, surpassing the forecast of $2 billion [5] - The company anticipates a full-year EPS in the range of $5.17 to $5.27 [5] Stock Performance - WEC's stock has experienced a decline of 11.4% from its 52-week high of $118.19, reached on October 22 [3] - Over the past three months, WEC stock fell by 2.4%, underperforming the Utilities Select Sector SPDR Fund's (XLU) gains of 3.4% [3] - On a six-month basis, WEC shares fell marginally, underperforming XLU's six-month gains of 5.2%, but rose 7.9% over the past 52 weeks, outperforming XLU's 7.2% returns [4] Growth Prospects - The stock is rising on growth prospects driven by increasing energy demand, data center development, and infrastructure modernization [5] - The company's strong balance sheet supports investments in infrastructure and innovation, including smart grid technology and renewable energy [2]