We continue to be amazed with the performance of Gale Klappa and his management team since they took over the executive leadership of Wisconsin Energy (WEC) from Richard Abdoo and his team. We even had the pleasure of interviewing Gale Klappa and the new CFO Pat Keyes in October with regards to the factors that have led to Wisconsin Energy's resurgence since 2003. Our interview has reinforced our position in Wisconsin Energy.
In conclusion, we are pleased with the performance of Wisconsin Energy. We expect continued EPS and dividend growth from the company. We believe utilities are fairly valued but Wisconsin Energy is our utility of choice. We can see why its performance has significantly exceeded the SPDR S&P 500 Utilities Index ETF (XLU) since the XLU's inception in 1998. Wisconsin Energy is our top choice in the utility sector because it has been widely recognized for reliability amongst Midwestern utilities and we believe that the Midwest will see an improved economic environment.
Source: Seeking Alpha
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Wisconsin Energy's Dividend Growth Story
Posted by D4L | Friday, February 01, 2013 | ArticleLinks | 0 comments »________________________________________________________________
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