London & Capital Asset Management Ltd Raises Holdings in WEC Energy Group, Inc. $WEC

London & Capital Asset Management Ltd increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 48.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 31,498 shares of the utilities provider’s stock after purchasing an additional 10,231 shares during the period. London & Capital Asset Management Ltd’s holdings in WEC Energy Group were worth $3,609,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Finemark National Bank & Trust raised its holdings in shares of WEC Energy Group by 24.5% during the 3rd quarter. Finemark National Bank & Trust now owns 10,067 shares of the utilities provider’s stock worth $1,154,000 after acquiring an additional 1,978 shares in the last quarter. New Age Alpha Advisors LLC increased its position in WEC Energy Group by 315.8% in the third quarter. New Age Alpha Advisors LLC now owns 2,453 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 1,863 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in WEC Energy Group by 4.5% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 2,824 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 121 shares during the last quarter. APG Asset Management N.V. raised its stake in WEC Energy Group by 0.4% during the third quarter. APG Asset Management N.V. now owns 296,201 shares of the utilities provider’s stock valued at $33,942,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Sierra Summit Advisors LLC lifted its position in WEC Energy Group by 1.7% during the third quarter. Sierra Summit Advisors LLC now owns 7,792 shares of the utilities provider’s stock valued at $893,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.9%

Shares of NYSE WEC opened at $116.88 on Monday. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The firm has a 50-day simple moving average of $109.85 and a two-hundred day simple moving average of $110.26. The company has a market cap of $38.05 billion, a P/E ratio of 24.20, a PEG ratio of 2.81 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 13th were paid a $0.9525 dividend. The ex-dividend date was Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s payout ratio is 78.88%.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the transaction, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. The trade was a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 in the last three months. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WEC shares. Wells Fargo & Company reduced their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Bank of America set a $116.00 price objective on WEC Energy Group in a research note on Wednesday, December 31st. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Friday, January 23rd. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Finally, Mizuho boosted their target price on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.07.

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.