Geode Capital Management LLC Grows Stock Position in WEC Energy Group, Inc. $WEC

Geode Capital Management LLC boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,838,003 shares of the utilities provider’s stock after buying an additional 88,557 shares during the period. Geode Capital Management LLC’s holdings in WEC Energy Group were worth $928,653,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its holdings in WEC Energy Group by 4.9% during the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock valued at $19,683,000 after purchasing an additional 7,970 shares during the last quarter. London & Capital Asset Management Ltd boosted its holdings in WEC Energy Group by 48.1% during the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after acquiring an additional 10,231 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in WEC Energy Group by 4.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after acquiring an additional 24,805 shares during the period. Park National Corp OH boosted its holdings in WEC Energy Group by 4,008.6% during the 4th quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock valued at $14,238,000 after acquiring an additional 131,724 shares during the period. Finally, Rathbones Group PLC boosted its holdings in WEC Energy Group by 2.3% during the 3rd quarter. Rathbones Group PLC now owns 748,935 shares of the utilities provider’s stock valued at $85,820,000 after acquiring an additional 16,800 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 0.5%

Shares of WEC Energy Group stock opened at $111.07 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The firm’s 50-day moving average is $114.22 and its two-hundred day moving average is $111.66. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.68 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business earned $2.27 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. BMO Capital Markets reiterated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. Truist Financial decreased their price objective on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average target price of $122.13.

Insiders Place Their Bets

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.