Commerzbank Aktiengesellschaft FI Lowers Stock Holdings in WEC Energy Group, Inc. $WEC

Commerzbank Aktiengesellschaft FI lowered its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 62.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,086 shares of the utilities provider’s stock after selling 5,225 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in WEC Energy Group were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in 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 worth $4,334,401,000 after buying an additional 819,627 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $928,653,000 after buying an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in WEC Energy Group by 1.0% during 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 acquiring an additional 52,467 shares during the last quarter. Northern Trust Corp grew its position in WEC Energy Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after acquiring an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after acquiring an additional 2,136,542 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $113.36 on Thursday. The company’s fifty day simple moving average is $113.63 and its two-hundred day simple moving average is $113.41. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The firm has a market cap of $36.92 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

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, beating the consensus estimate 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 net margin of 16.25% and a return on equity of 12.72%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WEC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. Truist Financial lifted their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. BMO Capital Markets lowered their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

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.