Banque Pictet & Cie SA Makes New $1.52 Million Investment in WEC Energy Group, Inc. $WEC

Key Points

• Banque Pictet & Cie SA purchased 15,134 WEC shares during the third quarter, worth approximately $1.52 million. Institutional investors collectively own 77.2% of WEC Energy Group.
• WEC declared a quarterly dividend of $0.9525 per share, or $3.81 annualized, representing a yield of roughly 3.5%–3.6%. Its latest quarterly earnings of $0.91 per share exceeded analysts’ $0.80 estimate.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $119.77 target price, although several firms recently lowered their targets to between $107 and $113.

Banque Pictet & Cie SA purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,134 shares of the utilities provider's stock, valued at approximately $1,525,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC grew its holdings in shares of WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider's stock worth $245,000 after purchasing an additional 86 shares during the period. Hibernia Wealth Partners LLC increased its position in shares of WEC Energy Group by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider's stock worth $390,000 after purchasing an additional 106 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of WEC Energy Group by 0.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 36,196 shares of the utilities provider's stock worth $4,190,000 after purchasing an additional 112 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in WEC Energy Group by 4.0% in the 1st quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider's stock valued at $354,000 after buying an additional 118 shares during the period. Finally, 1ST Source Bank raised its holdings in WEC Energy Group by 4.0% in the 1st quarter. 1ST Source Bank now owns 3,141 shares of the utilities provider's stock valued at $364,000 after buying an additional 120 shares during the period. 77.20% of the stock is owned by institutional investors.

More WEC Energy Group News

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: WEC declared a quarterly common-stock dividend of $0.9525 per share, payable December 1 to shareholders of record November 13. The annualized dividend is $3.81, representing an approximately 3.6% yield and reinforcing the utility’s income appeal. WEC Energy Group declares quarterly dividend
• Positive Sentiment: KeyCorp raised its third-quarter 2026 EPS forecast for WEC to $1.00 from $0.89, while maintaining an “Overweight” rating and a $111 price target. The increase suggests analysts see better near-term earnings potential. Full-year consensus EPS is approximately $5.60.
• Positive Sentiment: An analyst also boosted the company’s fiscal 2026 EPS estimate, providing additional support for the earnings outlook. FY2026 EPS Estimate for WEC Energy Group Boosted by Analyst
• Neutral Sentiment: WEC’s utility subsidiary, Wisconsin Electric, declared dividends on two preferred-stock series. These payments demonstrate continued capital-return activity but do not directly change the value of WEC common shares. Wisconsin Electric declares quarterly dividends
• Negative Sentiment: Truist lowered its price target to $113 from $114 and maintained a “Hold” rating, indicating only moderate expected appreciation from the current trading level.
• Negative Sentiment: KeyBanc reduced its WEC price target to $111, while Goldman Sachs cut its target to $107 from $110. The target reductions point to cautious views on valuation or the utility-sector outlook. KeyBanc cuts WEC Energy target

WEC Energy Group Trading Up 2.6%

WEC opened at $108.75 on Friday. WEC Energy Group, Inc. has a 52 week low of $99.80 and a 52 week high of $119.91. The business has a fifty day simple moving average of $105.37 and a 200-day simple moving average of $110.90. The firm has a market cap of $35.44 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The company's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.60 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 13th. WEC Energy Group's dividend payout ratio (DPR) is 73.84%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares of the company's stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on WEC. Stephens set a $109.00 target price on shares of WEC Energy Group in a research report on Friday. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 22nd. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price target for the company. in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. Finally, BMO Capital Markets restated a "market perform" rating on shares of WEC Energy Group in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of "Moderate Buy" and a consensus target price of $119.77.

About WEC Energy Group

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.

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