WEC Energy Group, Inc. $WEC Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. decreased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 70.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,460 shares of the utilities provider’s stock after selling 12,873 shares during the quarter. iA Global Asset Management Inc.’s holdings in WEC Energy Group were worth $626,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 2,417 shares during the last quarter. Woodline Partners LP grew its holdings in shares of WEC Energy Group by 41.3% during the first 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 during the last quarter. Mather Group LLC. grew its holdings in shares of WEC Energy Group by 32.5% during the second quarter. Mather Group LLC. now owns 2,203 shares of the utilities provider’s stock worth $230,000 after purchasing an additional 540 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of WEC Energy Group by 11.7% during the second quarter. Perigon Wealth Management LLC now owns 3,516 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 369 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of WEC Energy Group by 50.9% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,600 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 540 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

A number of brokerages have weighed in on WEC. LADENBURG THALM/SH SH upgraded WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Friday. KeyCorp reissued an “overweight” rating on shares of WEC Energy Group in a research report on Friday, January 16th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned 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 target price of $120.36.

Key Headlines Impacting WEC Energy Group

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 Stock Down 0.2%

Shares of NYSE:WEC opened at $109.15 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $96.37 and a fifty-two week high of $118.18. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The firm’s 50-day simple moving average is $107.15 and its 200-day simple moving average is $109.44. The company has a market cap of $35.51 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.58 and a beta of 0.58.

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

WEC Energy Group Increases Dividend

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

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.