Cidel Asset Management Inc. Boosts Stake in WEC Energy Group, Inc. $WEC

Cidel Asset Management Inc. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,513 shares of the utilities provider’s stock after buying an additional 5,599 shares during the period. WEC Energy Group makes up about 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Cidel Asset Management Inc. owned about 0.06% of WEC Energy Group worth $23,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in WEC Energy Group during the second quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group in the 2nd quarter valued at about $27,000. New England Capital Financial Advisors LLC grew its position in WEC Energy Group by 265.8% in the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in WEC Energy Group during the third quarter worth approximately $30,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Trading Up 1.4%

WEC opened at $115.63 on Friday. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $118.18. The company has a market capitalization of $37.61 billion, a P/E ratio of 23.94, a PEG ratio of 2.78 and a beta of 0.58. The stock’s fifty day moving average is $107.67 and its two-hundred day moving average is $109.88. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts forecast 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 declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be issued a $0.9525 dividend. The ex-dividend date is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is 78.88%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Scotiabank boosted their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.07.

Insider Activity at WEC Energy Group

In related news, CEO Scott J. Lauber sold 8,089 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.50% 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.