Amundi Has $52.32 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Key Points

• Amundi increased its WEC Energy Group stake by 3.7% in the second quarter, holding 448,027 shares valued at approximately $52.32 million. Institutional investors collectively own 77.2% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $121.91, although several firms recently lowered targets or shifted to neutral/hold ratings.
• WEC reported quarterly EPS of $0.91, exceeding the $0.80 consensus estimate, and declared a quarterly dividend of $0.9525 per share—an annualized yield of about 3.6%.

Amundi grew its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,027 shares of the utilities provider's stock after acquiring an additional 16,185 shares during the period. Amundi owned 0.14% of WEC Energy Group worth $52,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $25,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group during the second quarter worth $27,000. Physician Wealth Advisors Inc. raised its position in WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider's stock worth $28,000 after acquiring an additional 131 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock worth $28,000 after acquiring an additional 214 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in WEC Energy Group in the second quarter valued at $29,000. Institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Truist Financial dropped their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. BMO Capital Markets reduced their price target on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. KeyCorp lowered their price target on WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH lowered WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective on the stock. in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.91.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company's stock.

WEC Energy Group Trading Down 0.6%

Shares of NYSE:WEC opened at $105.52 on Friday. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The business has a 50 day moving average of $110.36 and a 200-day moving average of $113.03. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The stock has a market cap of $34.38 billion, a PE ratio of 20.45, a P/E/G ratio of 2.19 and a beta of 0.47.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the business earned $0.76 EPS. The company's quarterly revenue was up 2.6% compared to the same quarter last year. 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 year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. WEC Energy Group's dividend payout ratio (DPR) is currently 73.84%.

WEC Energy Group Company Profile

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.

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