London & Capital Asset Management Ltd Grows Stock Holdings in WEC Energy Group, Inc. $WEC

London & Capital Asset Management Ltd boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,498 shares of the utilities provider’s stock after purchasing an additional 10,231 shares during the period. London & Capital Asset Management Ltd’s holdings in WEC Energy Group were worth $3,609,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of WEC Energy Group by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock valued at $4,162,348,000 after buying an additional 816,243 shares during the period. Balyasny Asset Management L.P. increased its position in WEC Energy Group by 324.1% during the second 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 last quarter. Marshall Wace LLP lifted its holdings in WEC Energy Group by 160.6% in the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock valued at $98,361,000 after acquiring an additional 581,748 shares during the period. Rakuten Investment Management Inc. purchased a new position in WEC Energy Group in the third quarter worth about $57,028,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in WEC Energy Group in the third quarter worth about $40,362,000. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the subject of several research reports. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research report on Wednesday, December 31st. Barclays upped their target price on shares of WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Jefferies Financial Group dropped their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. BTIG Research restated a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. Finally, Argus upgraded WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.07.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $116.88 on Monday. The company has a market capitalization of $38.05 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.81 and a beta of 0.58. WEC Energy Group, Inc. has a 1-year low of $100.61 and a 1-year high of $118.18. The firm’s 50 day simple moving average is $109.85 and its two-hundred day simple moving average is $110.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $1.43 EPS. The company’s revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 13th were given a $0.9525 dividend. The ex-dividend date was Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

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.