Buy WEC Stock

WEC Energy Group, Inc. (WEC) is a diversified utility in the upper Midwest of the US. Through the addition of regulatory assets and favorable rate rulings, the company has compiled good long-term earnings growth, which should continue through the next few years.

Longer-term, the company is well positioned in renewable assets. Utilities have been slumping over the past several weeks, but I think we could be near the end of the recent rise in long term rates, so I think the group can bounce back.

Buy WEC under $92, my target is $100. The 3.5% dividend yield should add to total returns.