Commerce Bank Invests $10.18 Million in WEC Energy Group, Inc. $WEC

Commerce Bank acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The firm acquired 87,185 shares of the utilities provider’s stock, valued at approximately $10,181,000.

Other hedge funds have also made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in shares of WEC Energy Group by 195.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after purchasing an additional 318,846 shares during the last quarter. North Dakota State Investment Board acquired a new stake in WEC Energy Group during the fourth quarter valued at approximately $1,155,000. Annex Advisory Services LLC lifted its stake in WEC Energy Group by 8.6% during the second quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock valued at $14,179,000 after purchasing an additional 9,591 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in WEC Energy Group by 106.3% during the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock worth $5,099,000 after buying an additional 22,697 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in WEC Energy Group by 9.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider’s stock worth $74,356,000 after buying an additional 62,243 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the topic of several research reports. KeyCorp dropped their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets reduced their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Truist Financial reduced their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Stock Performance

Shares of WEC opened at $106.33 on Monday. The company’s 50 day moving average price is $112.86 and its 200 day moving average price is $113.74. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a market capitalization of $34.65 billion, a PE ratio of 20.61, a PEG ratio of 1.83 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

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

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group 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.