685,202 Shares in WEC Energy Group, Inc. $WEC Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 685,202 shares of the utilities provider’s stock, valued at approximately $80,009,000. Jupiter Topco LLC owned approximately 0.21% of WEC Energy Group as of its most recent filing with the Securities and Exchange Commission.

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

WEC Energy Group Stock Performance

Shares of WEC stock opened at $106.29 on Friday. The firm’s 50 day moving average is $112.36 and its 200 day moving average is $113.59. The stock has a market capitalization of $34.64 billion, a P/E ratio of 20.60, a PEG ratio of 1.86 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. 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 released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $0.76 EPS. WEC Energy Group’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, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. WEC Energy Group’s payout ratio is 73.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WEC shares. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday, August 4th. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. 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 report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s 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 sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.