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 second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,984 shares of the utilities provider’s stock after buying an additional 8,000 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in WEC Energy Group were worth $10,507,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares in the last quarter. Woodline Partners LP lifted its stake 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 purchasing an additional 7,841 shares during the last quarter. Cerity Partners LLC boosted its holdings in WEC Energy Group by 7.3% in the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after purchasing an additional 3,006 shares during the period. Qube Research & Technologies Ltd boosted its holdings 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 purchasing an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC increased its stake in WEC Energy Group by 8.8% during the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after purchasing an additional 4,730 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Truist Financial boosted their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, BMO Capital Markets decreased their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.41.

Insiders Place Their Bets

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is owned by insiders.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $107.73 on Friday. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The company has a market cap of $35.10 billion, a PE ratio of 20.88, a P/E/G ratio of 1.86 and a beta of 0.47. The stock has a 50 day simple moving average of $113.46 and a 200-day simple moving average of $113.77. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating 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 analysts’ expectations of $2.11 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue 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. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

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

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.