Nykredit A S Invests $6.38 Million in WEC Energy Group, Inc. $WEC

Key Points

• Nykredit A/S purchased a new $6.38 million stake in WEC Energy Group during the second quarter, buying 54,653 shares. Institutional investors collectively own 77.2% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $121.91, despite several neutral or downgraded ratings.
• WEC reported quarterly EPS of $0.91, beating estimates of $0.80, while revenue rose 2.6% year over year to $2.06 billion. The company also pays a quarterly dividend of $0.9525 per share, yielding approximately 3.7% annually.

Nykredit A S purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,653 shares of the utilities provider's stock, valued at approximately $6,382,000.

A number of other hedge funds also recently added to or reduced their stakes in WEC. Geode Capital Management LLC grew its position in shares of WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock worth $928,653,000 after buying an additional 88,557 shares during the last quarter. Franklin Resources Inc. raised its stake in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider's stock worth $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of WEC Energy Group in the second quarter worth about $299,100,000. PNC Financial Services Group Inc. lifted its stake in WEC Energy Group by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider's stock valued at $297,646,000 after acquiring an additional 7,206 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of WEC Energy Group by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider's stock worth $192,007,000 after buying an additional 78,168 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company's stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

WEC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. BMO Capital Markets cut their price objective on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Tuesday. Weiss Ratings raised shares of WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. Finally, LADENBURG THALM/SH SH cut shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective for the company. in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.91.

WEC Energy Group Stock Up 0.3%

WEC Energy Group stock opened at $103.48 on Tuesday. The firm has a market capitalization of $33.72 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.13 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a twelve month low of $102.86 and a twelve month high of $119.91. The stock's fifty day simple moving average is $108.63 and its 200-day simple moving average is $112.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company earned $0.76 EPS. WEC Energy Group's revenue for the quarter 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 analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid 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 yield of 3.7%. WEC Energy Group's dividend payout ratio is currently 73.84%.

WEC Energy Group 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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