Nykredit A S Makes New Investment in WEC Energy Group, Inc. $WEC

Key Points

• Nykredit A/S acquired 54,653 shares of WEC Energy Group in the second quarter, valued at approximately $6.4 million. 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 some firms lowering their targets.
• WEC reported quarterly EPS of $0.91, exceeding estimates of $0.80, while revenue rose 2.6% year over year. The company also pays an annualized dividend of $3.81 per share, yielding about 3.6%.

Nykredit A S acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,653 shares of the utilities provider's stock, valued at approximately $6,382,000.

Other hedge funds also recently added to or reduced their stakes in the company. Annex Advisory Services LLC boosted its position in shares of WEC Energy Group by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider's stock worth $14,179,000 after purchasing an additional 9,591 shares during the period. GSA Capital Partners LLP grew its stake in WEC Energy Group by 377.5% during the 4th quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider's stock worth $1,652,000 after purchasing an additional 12,385 shares in the last quarter. North Dakota State Investment Board acquired a new position in shares of WEC Energy Group during the fourth quarter worth about $1,155,000. Sterling Capital Management LLC grew its holdings in WEC Energy Group by 106.3% during the 1st quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider's stock worth $5,099,000 after acquiring an additional 22,697 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in WEC Energy Group by 15.3% in the second quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider's stock valued at $11,260,000 after buying an additional 12,773 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WEC. BMO Capital Markets dropped their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Truist Financial dropped their price target on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. JPMorgan Chase & Co. boosted 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 note on Thursday, July 16th. Weiss Ratings cut WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.91.

WEC Energy Group Trading Down 0.1%

WEC Energy Group stock opened at $105.79 on Monday. The stock has a 50-day moving average price of $111.27 and a 200 day moving average price of $113.27. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The stock has a market cap of $34.47 billion, a PE ratio of 20.50, a P/E/G ratio of 2.19 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. 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. Equities research analysts predict 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.6%. WEC Energy Group's dividend payout ratio is currently 73.84%.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company's stock.

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.

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