Free Trial

Invesco Ltd. Has $334.63 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

WEC Energy Group logo with Utilities background

Key Points

  • Invesco Ltd. reduced its holdings in WEC Energy Group by 27.1%, owning over 3 million shares after selling more than 1 million shares in the first quarter, with a total value of approximately $334.6 million.
  • Several institutional investors increased their stakes in WEC Energy Group, notably Creekmur Asset Management which raised its holdings by 2,420.0%, now owning 378 shares valued at about $41,000.
  • WEC Energy Group reported earnings of $0.76 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.8925 per share, with a dividend yield of 3.3%.
  • Looking to export and analyze WEC Energy Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Invesco Ltd. decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,070,604 shares of the utilities provider's stock after selling 1,141,584 shares during the period. Invesco Ltd. owned about 0.96% of WEC Energy Group worth $334,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WEC. Hughes Financial Services LLC bought a new stake in shares of WEC Energy Group during the first quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new stake in shares of WEC Energy Group during the first quarter valued at approximately $32,000. Golden State Wealth Management LLC grew its stake in shares of WEC Energy Group by 252.6% during the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Creekmur Asset Management LLC grew its stake in shares of WEC Energy Group by 2,420.0% during the first quarter. Creekmur Asset Management LLC now owns 378 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 363 shares during the last quarter. Finally, Stephens Consulting LLC grew its stake in shares of WEC Energy Group by 138.6% during the first quarter. Stephens Consulting LLC now owns 544 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Trading Up 0.5%

Shares of NYSE WEC traded up $0.50 during midday trading on Wednesday, reaching $109.93. 2,698,935 shares of the stock were exchanged, compared to its average volume of 2,090,985. The business has a 50-day simple moving average of $106.50 and a two-hundred day simple moving average of $105.95. The company has a market capitalization of $35.38 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 3.01 and a beta of 0.42. WEC Energy Group, Inc. has a 12 month low of $88.14 and a 12 month high of $111.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.67 earnings per share. The firm's quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 14th will be issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 68.39%.

Insider Buying and Selling at WEC Energy Group

In related news, Director Gale E. Klappa sold 5,960 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $110.98, for a total transaction of $661,440.80. Following the sale, the director directly owned 274,969 shares in the company, valued at $30,516,059.62. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 9,231 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the sale, the chief executive officer owned 56,443 shares in the company, valued at approximately $6,258,399.84. The trade was a 14.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,603 shares of company stock valued at $7,813,377 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WEC shares. Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Barclays raised their price objective on shares of WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group cut shares of WEC Energy Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $106.40.

Check Out Our Latest Research Report on WEC

About WEC Energy Group

(Free Report)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

Featured Stories

Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

Should You Invest $1,000 in WEC Energy Group Right Now?

Before you consider WEC Energy Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEC Energy Group wasn't on the list.

While WEC Energy Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines