WEC Energy Group, Inc. $WEC Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.8% during the 2nd quarter, Holdings Channel reports. The firm owned 89,984 shares of the utilities provider’s stock after purchasing an additional 8,000 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in WEC Energy Group were worth $10,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WEC. Empowered Funds LLC lifted its holdings in shares of WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 2,417 shares during the period. Woodline Partners LP grew its holdings in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after acquiring an additional 7,841 shares during the period. Cerity Partners LLC grew its holdings in WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after acquiring an additional 3,006 shares during the period. Qube Research & Technologies Ltd raised its position in WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after acquiring an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in WEC Energy Group by 8.8% in the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after acquiring an additional 4,730 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.2%

NYSE:WEC opened at $107.73 on Friday. The stock has a fifty day simple moving average of $113.46 and a 200 day simple moving average of $113.77. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is currently 73.84%.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. increased their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Barclays lifted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.41.

WEC Energy Group Company Profile

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.