Forsta AP Fonden Increases Stake in WEC Energy Group, Inc. $WEC

Forsta AP Fonden raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 94,000 shares of the utilities provider’s stock after acquiring an additional 13,200 shares during the period. Forsta AP Fonden’s holdings in WEC Energy Group were worth $9,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Inscription Capital LLC increased its holdings in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after buying an additional 91 shares during the last quarter. Moors & Cabot Inc. increased its holdings in WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after buying an additional 93 shares during the last quarter. Matrix Trust Co increased its holdings in WEC Energy Group by 0.7% during the fourth quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock valued at $1,508,000 after buying an additional 95 shares during the last quarter. State of Wyoming increased its holdings in WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after buying an additional 95 shares during the last quarter. Finally, Community Bank & Trust Waco Texas increased its holdings in WEC Energy Group by 5.1% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after buying an additional 96 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $111.07 on Monday. The firm has a fifty day moving average price of $114.22 and a 200-day moving average price of $111.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The stock has a market cap of $36.18 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

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 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 3.4%. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WEC. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays increased their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. KeyCorp increased 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. JPMorgan Chase & Co. reduced their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.