TD Asset Management Inc Has $15.80 Million Stock Holdings in WEC Energy Group, Inc. $WEC

TD Asset Management Inc trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,821 shares of the utilities provider’s stock after selling 36,452 shares during the quarter. TD Asset Management Inc’s holdings in WEC Energy Group were worth $15,800,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WEC. Vanguard Group Inc. increased its position 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 in the last quarter. Freestone Grove Partners LP increased its position in WEC Energy Group by 30,697.3% in the 3rd quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after acquiring an additional 618,550 shares during the period. Balyasny Asset Management L.P. increased its position in WEC Energy Group by 324.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after acquiring an additional 592,028 shares during the period. Pictet Asset Management Holding SA increased its position in WEC Energy Group by 195.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after acquiring an additional 318,846 shares during the period. Finally, Mairs & Power Inc. increased its position in WEC Energy Group by 20.2% in the 3rd quarter. Mairs & Power Inc. now owns 1,793,851 shares of the utilities provider’s stock valued at $205,557,000 after acquiring an additional 301,323 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.5%

NYSE:WEC opened at $111.31 on Tuesday. The firm’s fifty day moving average is $113.91 and its 200-day moving average is $111.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. The firm has a market cap of $36.26 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.71 and a beta of 0.47.

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 analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WEC. JPMorgan Chase & Co. decreased their price target 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. KeyCorp upped their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Barclays upped their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and an average price target of $122.13.

WEC Energy Group 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.