Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Shares in WEC Energy Group, Inc. $WEC

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,884 shares of the utilities provider’s stock, valued at approximately $621,000.

Several other large investors have also bought and sold shares of WEC. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after buying an additional 819,627 shares in the last quarter. Freestone Grove Partners LP grew its holdings in shares of WEC Energy Group by 30,697.3% during the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after purchasing an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of 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 purchasing an additional 318,846 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel Krueger sold 4,665 shares of the business’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 transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $113.28 on Friday. The business’s 50 day simple moving average is $114.64 and its 200 day simple moving average is $111.63. WEC Energy Group, Inc. has a one year low of $102.49 and a one year high of $119.62. The stock has a market capitalization of $36.90 billion, a PE ratio of 22.61, a PEG ratio of 2.73 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a $0.9525 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEC. KeyCorp boosted their price target on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. reduced their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Barclays boosted their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. One research 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 assigned a Sell rating to the company. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and an average price target of $122.13.

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.