Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases Shares of 47,000 WEC Energy Group, Inc. $WEC

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 47,000 shares of the utilities provider’s stock, valued at approximately $5,441,000.

A number of other large investors have also recently added to or reduced their stakes in WEC. Empowered Funds LLC grew its position in shares of WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares during the period. Woodline Partners LP raised its position in shares of WEC Energy Group by 41.3% in the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares during the period. Cerity Partners LLC raised its holdings in WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after acquiring an additional 3,006 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of WEC Energy Group by 477.4% during the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after acquiring an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of WEC Energy Group by 8.8% during the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after purchasing an additional 4,730 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $118.69 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $102.51 and a 12 month high of $119.62. The business’s 50-day moving average price is $113.54 and its 200-day moving average price is $112.56. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.86 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results 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 company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. WEC Energy Group’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Insiders Place Their Bets

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’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 transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. JPMorgan Chase & Co. lowered their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. Finally, Barclays upped their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $123.60.

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.