Envestnet Portfolio Solutions Inc. Has $6.16 Million Stock Position in WEC Energy Group, Inc. $WEC

Envestnet Portfolio Solutions Inc. increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,780 shares of the utilities provider’s stock after buying an additional 6,999 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in WEC Energy Group were worth $6,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of WEC Energy Group by 16.9% during the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after purchasing an additional 7,841 shares in the last quarter. Ballentine Partners LLC grew its position in WEC Energy Group by 3.5% in the 2nd quarter. Ballentine Partners LLC now owns 5,901 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 199 shares during the period. Public Employees Retirement System of Ohio grew its position in WEC Energy Group by 9.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 106,551 shares of the utilities provider’s stock valued at $11,103,000 after purchasing an additional 9,148 shares during the period. Finally, Mather Group LLC. increased its stake in WEC Energy Group by 32.5% during the 2nd quarter. Mather Group LLC. now owns 2,203 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 540 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $109.15 on Friday. WEC Energy Group, Inc. has a 52 week low of $96.37 and a 52 week high of $118.18. The company’s 50 day moving average price is $107.15 and its two-hundred day moving average price is $109.41. The stock has a market cap of $35.51 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.58 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.86 billion. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.WEC Energy Group’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.82 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a $0.9525 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s dividend payout ratio is presently 67.49%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Barclays raised their price target on shares of WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday. Wells Fargo & Company cut their price target on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup started coverage on WEC Energy Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $131.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $120.36.

More WEC Energy Group News

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

• Positive Sentiment: Board raised the quarterly common dividend by 6.7% to $0.9525 per share (annualized $3.81), reinforcing WEC’s income profile and supporting yield-focused investor demand. WEC Energy Group raises quarterly dividend by 6.7 percent
• Positive Sentiment: Major business-media outlets highlighted the dividend increase, increasing visibility to income investors and potentially underpinning the share price. WEC Energy Group Raises Dividend 6.7%
• Positive Sentiment: Analyst commentary and models that emphasize EPS growth point to WEC as an opportunity for investors focused on steady earnings growth and dividend coverage; this supports a longer-term constructive view. If EPS Growth Is Important To You, WEC Energy Group (NYSE:WEC) Presents An Opportunity
• Neutral Sentiment: Barclays nudged its price target up from $105 to $110 but kept an “equal weight” rating — a modest positive signal but not a strong upgrade of sentiment. Benzinga note on Barclays price target
• Neutral Sentiment: WEC declared quarterly preferred-stock dividends (routine payment schedule for preferred series); material mainly to preferred holders and not a major surprise for common shareholders. Wisconsin Electric declares quarterly dividends
• Neutral Sentiment: Analysts offered sector-level insights on utilities including WEC (TipRanks/Globe and Mail), providing context but no material new guidance; useful for investors benchmarking WEC vs. peers. Analysts Offer Insights on Utilities Companies: American Water (AWK) and WEC Energy Group (WEC)
• Neutral Sentiment: Longtime WEC leader Gale Klappa will retire from the board and be named Chairman Emeritus; the company has a planned succession with Lauber to be appointed chairman. This is a controlled, announced transition but may prompt investor scrutiny of governance and strategy under new board leadership. Klappa to retire, named Chairman Emeritus
• Neutral Sentiment: Local and national coverage noted Klappa’s retirement after 22+ years on the board; given the planned, orderly succession the move is not unexpected but remains a watch item for governance/strategy continuity. WEC Energy Group chairman Gale Klappa to retire from board after more than 22 years
• Neutral Sentiment: National coverage summarized the board/leadership news for broader investor audiences. Longtime head of We Energies’ corporate parent is retiring

WEC Energy Group Profile

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.