WEC Energy Group, Inc. $WEC Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 151,575 shares of the utilities provider’s stock after purchasing an additional 7,333 shares during the period. Allspring Global Investments Holdings LLC’s holdings in WEC Energy Group were worth $17,608,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after purchasing an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. boosted its position in WEC Energy Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after buying an additional 52,467 shares during the last quarter. Northern Trust Corp boosted its position in WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after buying an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after buying an additional 2,136,542 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of research reports. Wells Fargo & Company restated an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Barclays increased their price target 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. Truist Financial lifted their price objective on WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.07.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $111.68 on Wednesday. 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 1 year low of $102.95 and a 1 year high of $119.91. The firm has a market capitalization of $36.38 billion, a PE ratio of 22.29, a P/E/G ratio of 1.95 and a beta of 0.47. The business’s 50 day moving average price is $113.61 and its 200-day moving average price is $113.36.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s 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, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

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.