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ERRAF - WEC Energy's Business Is Resilient Even In The Midst Of A Challenging Environment
Emera Inc. Cum Pfd 5 Yr Rate Reset Ser C
Investment Thesis
WEC Energy (WEC) delivered a solid Q2 2020 even in the midst of a challenging macroeconomic environment. Despite the outbreak of COVID-19, the company is still continuing with its 5-year capital projects to grow its EPS by about 5%-7% annually. It also has a solid funding plan. WEC pays a growing 2.7%-yielding dividend. However, its shares are not cheap right now. In fact, it is trading at a valuation higher than its historical average. Therefore, investors may want to wait for a pullback before initiating a position.