Subtext

WEC Energy Group, Inc. WEC

SectorUtilities
Transcripts67
Date range2008-04-30 – 2025-05-06
Calls charted67

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-12-6+0+6+122008 Q12010 Q32013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Overall: -4.12008 Q2 · Overall: -2.52008 Q3 · Overall: -1.52008 Q4 · Overall: -4.82009 Q1 · Overall: -6.72009 Q2 · Overall: -4.02009 Q3 · Overall: -4.52009 Q4 · Overall: +0.12010 Q1 · Overall: +0.92010 Q3 · Overall: -0.32011 Q1 · Overall: -0.82011 Q2 · Overall: +1.92011 Q3 · Overall: +4.42011 Q4 · Overall: -1.62012 Q1 · Overall: +1.12012 Q2 · Overall: +5.12012 Q3 · Overall: +2.72012 Q4 · Overall: +0.22013 Q1 · Overall: -0.32013 Q2 · Overall: +1.72013 Q3 · Overall: +1.02013 Q4 · Overall: +0.32014 Q1 · Overall: -1.52014 Q2 · Overall: +2.12014 Q3 · Overall: -1.42014 Q4 · Overall: +1.02015 Q1 · Overall: +2.92015 Q2 · Overall: +4.02015 Q3 · Overall: +5.12015 Q4 · Overall: +4.52016 Q1 · Overall: +4.12016 Q2 · Overall: +0.62016 Q3 · Overall: -0.82016 Q4 · Overall: +2.02017 Q1 · Overall: -0.82017 Q2 · Overall: -0.72017 Q3 · Overall: +7.92017 Q4 · Overall: +3.42018 Q1 · Overall: +6.02018 Q2 · Overall: +4.12018 Q3 · Overall: +3.02018 Q4 · Overall: +4.42019 Q1 · Overall: +5.22019 Q2 · Overall: +5.72019 Q3 · Overall: +0.92019 Q4 · Overall: +4.12020 Q1 · Overall: +4.02020 Q2 · Overall: +5.32020 Q3 · Overall: +10.22020 Q4 · Overall: +10.02021 Q1 · Overall: +6.42021 Q2 · Overall: +9.92021 Q3 · Overall: +7.92021 Q4 · Overall: +4.32022 Q1 · Overall: +1.32022 Q2 · Overall: +5.32022 Q3 · Overall: +4.62022 Q4 · Overall: +6.12023 Q1 · Overall: +1.42023 Q2 · Overall: +4.92023 Q3 · Overall: +5.12023 Q4 · Overall: +2.62024 Q1 · Overall: +2.82024 Q2 · Overall: +4.12024 Q3 · Overall: +4.92024 Q4 · Overall: +5.32025 Q1 · Overall: +5.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-30-15+0+15+302008 Q12010 Q32013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · CEO: -5.72008 Q2 · CEO: -6.82008 Q3 · CEO: -3.82008 Q4 · CEO: -5.52009 Q1 · CEO: -5.92009 Q2 · CEO: -4.92009 Q3 · CEO: -3.02009 Q4 · CEO: +4.22010 Q1 · CEO: +4.32010 Q3 · CEO: +0.42011 Q1 · CEO: +0.22011 Q2 · CEO: +0.72011 Q3 · CEO: +4.32011 Q4 · CEO: +0.82012 Q1 · CEO: +1.82012 Q2 · CEO: +3.92012 Q3 · CEO: +4.12012 Q4 · CEO: +4.02013 Q1 · CEO: +0.72013 Q2 · CEO: +2.22013 Q3 · CEO: +1.82013 Q4 · CEO: +3.92014 Q1 · CEO: +0.22014 Q2 · CEO: +3.72014 Q3 · CEO: +0.32014 Q4 · CEO: +5.42015 Q1 · CEO: +6.02015 Q3 · CEO: +5.52015 Q4 · CEO: +5.62016 Q1 · CEO: +4.12016 Q3 · CEO: -1.52016 Q4 · CEO: +3.32017 Q1 · CEO: -0.32017 Q2 · CEO: +3.22017 Q3 · CEO: +10.72017 Q4 · CEO: +5.72018 Q1 · CEO: +7.42018 Q2 · CEO: +5.72018 Q3 · CEO: +3.42018 Q4 · CEO: +9.72019 Q1 · CEO: +7.72019 Q2 · CEO: +6.72019 Q3 · CEO: +1.12019 Q4 · CEO: +9.12020 Q1 · CEO: -8.52020 Q2 · CEO: -6.52020 Q3 · CEO: +10.72020 Q4 · CEO: +4.32021 Q1 · CEO: +5.32021 Q2 · CEO: +3.02021 Q3 · CEO: +0.02021 Q4 · CEO: +7.62022 Q1 · CEO: +5.42022 Q2 · CEO: +0.72022 Q3 · CEO: +13.32022 Q4 · CEO: +9.62023 Q1 · CEO: +1.72023 Q2 · CEO: -3.42023 Q3 · CEO: +1.92023 Q4 · CEO: +9.42024 Q1 · CEO: +12.22024 Q2 · CEO: +4.52024 Q3 · CEO: +6.32024 Q4 · CEO: +8.02025 Q1 · CEO: +4.42008 Q1 · CFO: -0.32008 Q2 · CFO: +4.22008 Q3 · CFO: +2.92008 Q4 · CFO: +0.02009 Q1 · CFO: -3.82009 Q2 · CFO: +2.52009 Q3 · CFO: +2.02009 Q4 · CFO: +1.62010 Q1 · CFO: -0.62010 Q3 · CFO: +2.92011 Q1 · CFO: +4.62011 Q2 · CFO: +8.12011 Q3 · CFO: +14.32011 Q4 · CFO: +4.82012 Q1 · CFO: +6.12012 Q2 · CFO: +7.32012 Q3 · CFO: +6.52012 Q4 · CFO: +3.72013 Q1 · CFO: +1.52013 Q2 · CFO: +7.72013 Q3 · CFO: +4.82013 Q4 · CFO: +4.92014 Q1 · CFO: +7.12014 Q2 · CFO: +3.72014 Q3 · CFO: +2.82014 Q4 · CFO: +1.32015 Q4 · CFO: +3.02016 Q1 · CFO: +12.42016 Q3 · CFO: +3.52016 Q4 · CFO: +1.52017 Q1 · CFO: +3.82017 Q2 · CFO: +3.42017 Q3 · CFO: +4.82017 Q4 · CFO: +8.22018 Q1 · CFO: +6.92018 Q2 · CFO: +2.02018 Q3 · CFO: +9.42018 Q4 · CFO: +5.12019 Q1 · CFO: +8.52019 Q2 · CFO: +8.82019 Q3 · CFO: +5.02019 Q4 · CFO: +11.22020 Q1 · CFO: +7.92020 Q2 · CFO: +18.32020 Q3 · CFO: +21.42020 Q4 · CFO: +19.02021 Q1 · CFO: +13.72021 Q2 · CFO: +25.92021 Q4 · CFO: +12.62022 Q1 · CFO: +10.02022 Q2 · CFO: +16.52022 Q3 · CFO: +6.62022 Q4 · CFO: +8.82023 Q1 · CFO: +5.42023 Q2 · CFO: +12.22023 Q3 · CFO: +2.12024 Q1 · CFO: -6.32024 Q2 · CFO: +5.72024 Q3 · CFO: +8.32024 Q4 · CFO: +7.82025 Q1 · CFO: +9.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-21-10+0+10+212008 Q12010 Q32013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22008 Q1 · Prepared remarks: -0.52008 Q2 · Prepared remarks: -2.52008 Q3 · Prepared remarks: -1.12008 Q4 · Prepared remarks: -3.82009 Q1 · Prepared remarks: -5.42009 Q2 · Prepared remarks: -5.42009 Q3 · Prepared remarks: -1.32009 Q4 · Prepared remarks: +4.02010 Q1 · Prepared remarks: +1.72010 Q3 · Prepared remarks: +3.12011 Q1 · Prepared remarks: +3.52011 Q2 · Prepared remarks: +4.62011 Q3 · Prepared remarks: +8.72011 Q4 · Prepared remarks: +0.52012 Q1 · Prepared remarks: +5.52012 Q2 · Prepared remarks: +8.52012 Q3 · Prepared remarks: +6.72012 Q4 · Prepared remarks: +5.82013 Q1 · Prepared remarks: +3.92013 Q2 · Prepared remarks: +3.32013 Q3 · Prepared remarks: +1.62013 Q4 · Prepared remarks: +7.12014 Q1 · Prepared remarks: +1.52014 Q2 · Prepared remarks: +5.82014 Q3 · Prepared remarks: +4.42014 Q4 · Prepared remarks: +6.52015 Q1 · Prepared remarks: +5.32015 Q2 · Prepared remarks: +7.52015 Q3 · Prepared remarks: +9.22015 Q4 · Prepared remarks: +8.02016 Q1 · Prepared remarks: +3.42016 Q2 · Prepared remarks: +1.22016 Q3 · Prepared remarks: +2.62016 Q4 · Prepared remarks: +1.22017 Q1 · Prepared remarks: +2.52017 Q2 · Prepared remarks: +2.02017 Q3 · Prepared remarks: +6.42017 Q4 · Prepared remarks: +5.42018 Q1 · Prepared remarks: +5.02018 Q2 · Prepared remarks: +6.52018 Q3 · Prepared remarks: +4.02018 Q4 · Prepared remarks: +9.12019 Q1 · Prepared remarks: +6.92019 Q2 · Prepared remarks: +4.92019 Q3 · Prepared remarks: +2.82019 Q4 · Prepared remarks: +7.92020 Q1 · Prepared remarks: +5.12020 Q2 · Prepared remarks: +6.92020 Q3 · Prepared remarks: +16.02020 Q4 · Prepared remarks: +18.12021 Q1 · Prepared remarks: +11.72021 Q2 · Prepared remarks: +16.52021 Q3 · Prepared remarks: +14.52021 Q4 · Prepared remarks: +15.22022 Q1 · Prepared remarks: +10.22022 Q2 · Prepared remarks: +5.82022 Q3 · Prepared remarks: +9.92022 Q4 · Prepared remarks: +9.42023 Q1 · Prepared remarks: +6.52023 Q2 · Prepared remarks: +6.02023 Q3 · Prepared remarks: +5.82023 Q4 · Prepared remarks: +9.52024 Q1 · Prepared remarks: +6.62024 Q2 · Prepared remarks: +7.02024 Q3 · Prepared remarks: +8.62024 Q4 · Prepared remarks: +8.72025 Q1 · Prepared remarks: +5.32008 Q1 · Q&A responses: -7.02008 Q3 · Q&A responses: +1.62008 Q4 · Q&A responses: -3.12009 Q2 · Q&A responses: +3.32009 Q3 · Q&A responses: -2.62009 Q4 · Q&A responses: +2.52010 Q1 · Q&A responses: +1.12010 Q3 · Q&A responses: -0.52011 Q1 · Q&A responses: -0.52011 Q2 · Q&A responses: +2.82011 Q3 · Q&A responses: +4.42011 Q4 · Q&A responses: -1.62012 Q1 · Q&A responses: -1.82012 Q2 · Q&A responses: +1.72012 Q3 · Q&A responses: +3.92012 Q4 · Q&A responses: -2.22013 Q1 · Q&A responses: -4.82013 Q2 · Q&A responses: +1.92013 Q4 · Q&A responses: -2.12014 Q1 · Q&A responses: +0.92014 Q2 · Q&A responses: +2.32014 Q3 · Q&A responses: -5.12014 Q4 · Q&A responses: +2.02015 Q1 · Q&A responses: +5.32015 Q2 · Q&A responses: +4.72015 Q3 · Q&A responses: +1.22015 Q4 · Q&A responses: +2.82016 Q1 · Q&A responses: +5.62016 Q2 · Q&A responses: +2.62016 Q3 · Q&A responses: -1.42016 Q4 · Q&A responses: +3.72017 Q1 · Q&A responses: -0.42017 Q2 · Q&A responses: +3.32017 Q3 · Q&A responses: +12.52017 Q4 · Q&A responses: +8.52018 Q1 · Q&A responses: +9.02018 Q2 · Q&A responses: +3.02018 Q3 · Q&A responses: +5.72018 Q4 · Q&A responses: +2.72019 Q1 · Q&A responses: +5.72019 Q2 · Q&A responses: +8.52019 Q3 · Q&A responses: +2.02019 Q4 · Q&A responses: +6.42020 Q1 · Q&A responses: +6.22020 Q2 · Q&A responses: +9.42020 Q3 · Q&A responses: +7.82020 Q4 · Q&A responses: +12.32021 Q1 · Q&A responses: +5.42021 Q2 · Q&A responses: +8.32021 Q3 · Q&A responses: +4.92021 Q4 · Q&A responses: +2.52022 Q1 · Q&A responses: +2.02022 Q2 · Q&A responses: +7.52022 Q3 · Q&A responses: +5.82022 Q4 · Q&A responses: +6.32023 Q1 · Q&A responses: +1.22023 Q2 · Q&A responses: +5.22023 Q3 · Q&A responses: +5.52023 Q4 · Q&A responses: +3.52024 Q1 · Q&A responses: +5.62024 Q2 · Q&A responses: +3.12024 Q3 · Q&A responses: +5.52024 Q4 · Q&A responses: +7.52025 Q1 · Q&A responses: +5.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.43$3.88$5.332008 Q12010 Q32013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: $2.632014 Q2: $2.672014 Q3: $2.682014 Q4: $2.712015 Q1: $2.762015 Q2: $2.802015 Q3: $2.872015 Q4: $2.922016 Q1: $2.972016 Q2: $3.022016 Q3: $3.062016 Q4: $3.112017 Q1: $3.152017 Q2: $3.192017 Q3: $3.232017 Q4: $3.282018 Q1: $3.342018 Q2: $3.402018 Q3: $3.462018 Q4: $3.512019 Q1: $3.582019 Q2: $3.632019 Q3: $3.692019 Q4: $3.742020 Q1: $3.802020 Q2: $3.852020 Q3: $3.942020 Q4: $4.012021 Q1: $4.082021 Q2: $4.162021 Q3: $4.252021 Q4: $4.302022 Q1: $4.372022 Q2: $4.492022 Q3: $4.552022 Q4: $4.612023 Q1: $4.682023 Q2: $4.762023 Q3: $4.842023 Q4: $4.912024 Q1: $4.962024 Q2: $5.072024 Q3: $5.13

Forward P/E

14.4221.4428.462008 Q12010 Q32013 Q12015 Q22017 Q32019 Q42022 Q12024 Q22014 Q1: 17.132014 Q2: 17.352014 Q3: 16.672014 Q4: 18.892015 Q1: 18.102015 Q2: 16.552015 Q3: 16.862015 Q4: 17.542016 Q1: 19.772016 Q2: 20.752016 Q3: 19.612016 Q4: 18.302017 Q1: 19.182017 Q2: 19.992017 Q3: 20.142017 Q4: 20.702018 Q1: 18.352018 Q2: 17.412018 Q3: 19.342018 Q4: 20.322019 Q1: 21.762019 Q2: 23.402019 Q3: 25.212019 Q4: 24.512020 Q1: 27.492020 Q2: 23.462020 Q3: 25.092020 Q4: 23.012021 Q1: 21.412021 Q2: 22.102021 Q3: 21.682021 Q4: 22.552022 Q1: 21.652022 Q2: 20.492022 Q3: 22.972022 Q4: 21.202023 Q1: 20.222023 Q2: 19.022023 Q3: 17.702023 Q4: 17.722024 Q1: 16.282024 Q2: 15.392024 Q3: 18.56

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q2 tone ↓ -3.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -2.8 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -4.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -4.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -3.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -3.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.0 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -4.7 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -2.5 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+5.0——View →
2024 Q42025-02-04+5.3——View →
2024 Q32024-10-31+4.9$5.1318.6View →
2024 Q22024-07-31+4.1$5.0715.4View →
2024 Q12024-05-01+2.8$4.9616.3View →
2023 Q42024-02-01+2.6$4.9117.7View →
2023 Q32023-10-31+5.1$4.8417.7View →
2023 Q22023-08-01+4.9$4.7619.0View →