WEC Energy Group, Inc. $WEC Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 204.5% during the fourth quarter, HoldingsChannel reports. The firm owned 8,311 shares of the utilities provider’s stock after acquiring an additional 5,582 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in WEC Energy Group were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake 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 purchasing an additional 819,627 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in WEC Energy Group by 12.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares in the last quarter. Legal & General Group Plc increased its stake in WEC Energy Group by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after purchasing an additional 87,446 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in WEC Energy Group by 9.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock worth $296,780,000 after purchasing an additional 226,894 shares in the last quarter. Finally, Mairs & Power Inc. increased its stake 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 worth $205,557,000 after purchasing an additional 301,323 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WEC. JPMorgan Chase & Co. dropped their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. Jefferies Financial Group dropped their price target on 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. KeyCorp lifted their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Truist Financial assumed coverage on WEC Energy Group in a research note on Monday, April 20th. They set a “hold” rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $122.44.

WEC Energy Group Trading Down 2.3%

NYSE:WEC opened at $109.07 on Friday. 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 fifty-two week low of $102.49 and a fifty-two week high of $119.62. The stock’s 50-day moving average is $115.01 and its two-hundred day moving average is $111.73. The stock has a market cap of $35.53 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.62 and a beta of 0.50.

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

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Insider Activity

In other news, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the completion of the sale, the director directly owned 276,600 shares in the company, valued at $32,237,730. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the sale, the director owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by insiders.

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.