Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $621,000 Position in WEC Energy Group, Inc. $WEC

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, Holdings Channel reports. The fund purchased 5,884 shares of the utilities provider’s stock, valued at approximately $621,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in shares of WEC Energy Group by 377.5% in the 4th quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock worth $1,652,000 after purchasing an additional 12,385 shares in the last quarter. Hartford Funds Management Co LLC lifted its holdings in shares of WEC Energy Group by 46.8% during the fourth quarter. Hartford Funds Management Co LLC now owns 6,723 shares of the utilities provider’s stock valued at $709,000 after purchasing an additional 2,142 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of WEC Energy Group by 7.1% during the fourth quarter. ProShare Advisors LLC now owns 72,709 shares of the utilities provider’s stock valued at $7,668,000 after buying an additional 4,816 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of WEC Energy Group by 2.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 54,864 shares of the utilities provider’s stock valued at $5,786,000 after buying an additional 1,084 shares during the last quarter. Finally, Intrua Financial LLC increased its holdings in WEC Energy Group by 4.1% in the 4th quarter. Intrua Financial LLC now owns 8,285 shares of the utilities provider’s stock worth $874,000 after buying an additional 326 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday. Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. BMO Capital Markets reissued a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus price target of $122.13.

WEC Energy Group Stock Up 1.3%

WEC Energy Group stock opened at $112.12 on Friday. WEC Energy Group, Inc. has a one year low of $102.49 and a one year high of $119.62. The stock has a fifty day moving average of $114.65 and a 200 day moving average of $111.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The stock has a market cap of $36.52 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $2.27 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm 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. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is 76.05%.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’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 transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director owned 20,541 shares in the company, valued at $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

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.