Pictet Asset Management Holding SA Increases Stock Position in WEC Energy Group, Inc. $WEC

Pictet Asset Management Holding SA raised its stake in WEC Energy Group, Inc. (NYSE:WEC) by 195.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 482,309 shares of the utilities provider’s stock after purchasing an additional 318,846 shares during the quarter. Pictet Asset Management Holding SA’s holdings in WEC Energy Group were worth $50,864,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WEC. CVA Family Office LLC boosted its stake in WEC Energy Group by 25.4% during the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 89 shares during the period. Blossom Wealth Management raised its holdings in shares of WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after buying an additional 90 shares during the last quarter. Inscription Capital LLC boosted its position in shares of WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after buying an additional 91 shares during the period. Moors & Cabot Inc. grew its holdings in WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares in the last quarter. Finally, State of Wyoming increased its position in WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the completion of the transaction, the director directly owned 276,600 shares of the company’s stock, valued at $32,237,730. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 1.1%

WEC Energy Group stock opened at $114.50 on Thursday. The firm has a market cap of $37.29 billion, a PE ratio of 23.71, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $119.62. The firm’s 50 day moving average price is $115.58 and its two-hundred day moving average price is $111.97.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. WEC Energy Group’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts predict that WEC Energy Group, Inc. will post 5.6 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given 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 dividend yield of 3.3%. WEC Energy Group’s payout ratio is currently 78.88%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial initiated coverage on shares of WEC Energy Group in a research note on Monday, April 20th. They set a “hold” rating and a $124.00 target price on the stock. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Bank of America set a $116.00 price objective on WEC Energy Group in a report on Wednesday, December 31st. KeyCorp lifted their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. 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, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.94.

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.