Fulton Bank N.A. Has $2.40 Million Stock Position in WEC Energy Group, Inc. $WEC

Fulton Bank N.A. lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 87.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,727 shares of the utilities provider’s stock after purchasing an additional 9,646 shares during the period. Fulton Bank N.A.’s holdings in WEC Energy Group were worth $2,400,000 at the end of the most recent quarter.

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

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $116.22 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The firm has a market cap of $37.86 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.81 and a beta of 0.47. The stock’s fifty day moving average price is $113.33 and its two-hundred day moving average price is $112.36. WEC Energy Group, Inc. has a one year low of $102.49 and a one year high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were paid a $0.9525 dividend. The ex-dividend date was Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s payout ratio is 76.05%.

Insiders Place Their Bets

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were 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. The trade was a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

WEC has been the topic of several recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Truist Financial reduced their price target on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. 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, the company has an average rating of “Moderate Buy” and a consensus 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.