15,721 Shares in WEC Energy Group, Inc. $WEC Bought by Danske Bank A S

Danske Bank A S purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,721 shares of the utilities provider’s stock, valued at approximately $1,836,000.

A number of other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its position in WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Godfrey Financial Associates Inc. acquired a new position in WEC Energy Group in the fourth quarter valued at about $25,000. Torren Management LLC bought a new position in WEC Energy Group during the fourth quarter worth about $26,000. Physician Wealth Advisors Inc. grew its position in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after buying an additional 131 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Price Performance

NYSE:WEC opened at $106.33 on Friday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The firm has a market cap of $34.65 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.88 and a beta of 0.47. The firm’s 50-day simple moving average is $112.86 and its 200 day simple moving average is $113.71. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. WEC Energy Group’s revenue for the quarter was up 2.6% 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 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WEC shares. Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Truist Financial dropped their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

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.