Securian Asset Management Inc. Reduces Stock Position in WEC Energy Group, Inc. $WEC

Securian Asset Management Inc. cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,823 shares of the utilities provider’s stock after selling 6,698 shares during the quarter. Securian Asset Management Inc.’s holdings in WEC Energy Group were worth $930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WEC. Vanguard Group Inc. increased its holdings in WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after purchasing an additional 819,627 shares during the last quarter. Freestone Grove Partners LP increased its holdings in WEC Energy Group by 30,697.3% during the 3rd 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. increased its holdings in WEC Energy Group by 324.1% during the 2nd 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. Rakuten Investment Management Inc. purchased a new stake in WEC Energy Group during the 3rd quarter worth approximately $57,028,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in WEC Energy Group during the 3rd quarter worth approximately $40,362,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of WEC opened at $112.24 on Thursday. The company has a market cap of $36.56 billion, a P/E ratio of 22.40, a PEG ratio of 2.71 and a beta of 0.50. The stock has a fifty day moving average price of $115.27 and a 200 day moving average price of $111.77. 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, Inc. has a 12 month low of $100.61 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 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 the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction 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 approximately $2,353,998.60. The trade was a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $543,658.50. This trade represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,265 shares of company stock worth $3,960,053 in the last three months. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. BTIG Research reiterated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a report on Friday, January 30th. Jefferies Financial Group lowered their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Truist Financial initiated coverage on WEC Energy Group in a report on Monday, April 20th. They issued a “hold” rating and a $124.00 price target for the company. Finally, Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $122.13.

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.