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WEC Energy Group: An Attractive Name For The Long Term

Jan. 09, 2023 6:17 PM ETWEC Energy Group, Inc. (WEC)D, NEE, NEE.PR.R, XLU12 Comments


  • Nothing is certain in life except death and taxes, but also recessions.
  • Given the aggressive Fed, most anticipate a recession in 2023 that can make defensive sectors relatively attractive.
  • Since most anticipate this already, most utilities are still trading at some elevated valuations - sticking with quality like WEC Energy Group, Inc. can still provide long-term success.
  • This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More »

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Written by Nick Ackerman. A version of this article was published to members of Cash Builder Opportunities on December 26th, 2022.

Utilities have been flirting back and forth in the prior year between losses and gains. Eventually, the SPDR Utilities

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This article was written by

Cash Builder Opportunities (aka Nick Ackerman) is a former fiduciary and a registered financial advisor with 14 years of investing experience.

He is the leader of the investing group Cash Builder Opportunities, where his specific focus is on closed-end funds, dividend growth stocks, and option writing as an attractive way to achieve income. He shares model portfolios and research to help investors make better decisions, via his Investing Group’s active chat room.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of WEC, NEE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (12)

Like the consistent 7% per year growth in dividend.
Cash Builder Opportunities profile picture
@Wizard19 agreed! Thank you for the comment.
I agree with your analysis. I'm a long term holder of WEC. So long in fact, that my basis is less than $10 per share. Nobody knows where the top or bottom prices for a stock will be, so I wouldn't try to time the market for a long term buyer. It's always tough to make money short term on any stock.
Cash Builder Opportunities profile picture
@Bigslix well said! Thank you for sharing your perspective! Also, that's an amazing basis!
Nice article. High priced stock with a low dividend. Not right now.
Cash Builder Opportunities profile picture
@jasonjones thanks for your thoughts! Definitely looking at it for dividend growth, not up-front yield.
mikejack profile picture
I am a retired professional engineer with over 40 years experience with electric utilities. Utes are being lead to the slaughter by stupid regulators who are forcing them to go green. The next few years will be telling as rolling blackouts become commonplace.
I’m in the process of installing a home standby generator. According to the installation contractor, their main customers have PV. HSGs provide backup capability at about 30% less than a battery pack (which will only provide 2-3 hours of power).
@mikejack Yikes! I am hoping they stay around for 50 to 60 years!
@mikejack That is a big concern. We have the dumbest people in government that make laws on what they know nothing about. . The
" Inflation Reduction Act" is a perfect example. Taxing anything that is a carbon fuel , just to push us into "green", and we are finding that the grass is not greener on the other side. Why don't people know that we would die without carbon? If the carbon footprint gets less than 150 ppm, trees and plants cant grow, and they can take in a lot of carbon and even grow better . Sure, it is possible there can be too much, but we are not anywhere near that. Carbon is fertilizer . Why dont people know that. China,, sure , they need to do something. In Wisconsin,, there is no smog.
I'm a long term holder of $WEC and a buyer at sub mid $94 and a stronger buyer at sub $90. The stock seldom drops below $80 at this level so you have to buy in bunches for a solid awc holding.
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