WEC Energy Group, Inc. $WEC Stake Lifted by Greenland Capital Management LP

Greenland Capital Management LP boosted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 75.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,038 shares of the utilities provider’s stock after purchasing an additional 96,240 shares during the quarter. WEC Energy Group comprises 2.5% of Greenland Capital Management LP’s portfolio, making the stock its largest position. Greenland Capital Management LP owned about 0.07% of WEC Energy Group worth $24,345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of WEC Energy Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock valued at $4,615,722,000 after purchasing an additional 334,563 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of WEC Energy Group by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,594,608 shares of the utilities provider’s stock worth $892,020,000 after buying an additional 235,653 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of WEC Energy Group by 12.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after buying an additional 337,300 shares during the period. Legal & General Group Plc boosted its holdings in WEC Energy Group by 6.7% in the second quarter. Legal & General Group Plc now owns 2,609,802 shares of the utilities provider’s stock valued at $271,941,000 after acquiring an additional 162,963 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after acquiring an additional 226,894 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WEC. UBS Group cut their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. BTIG Research reissued a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Friday, January 23rd. Finally, Bank of America set a $116.00 price objective on shares of WEC Energy Group in a research report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.07.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $115.68 on Tuesday. The firm has a market capitalization of $37.63 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $118.18. The stock’s 50 day moving average price is $108.94 and its 200 day moving average price is $110.09. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $1.43 earnings per share. WEC Energy Group’s revenue for the quarter 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. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued a $0.9525 dividend. The ex-dividend date is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

Insider Buying and Selling at WEC Energy Group

In related news, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president owned 4,707 shares in the company, valued at approximately $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,904 shares of company stock valued at $4,689,335 in the last ninety days. Insiders own 0.50% of the company’s stock.

WEC Energy Group Company 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.