Resona Asset Management Co. Ltd. Reduces Stake in WEC Energy Group, Inc. $WEC

Resona Asset Management Co. Ltd. lessened its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,239 shares of the utilities provider’s stock after selling 5,248 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in WEC Energy Group were worth $15,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its stake in shares of WEC Energy Group by 25.4% during the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 89 shares during the period. Blossom Wealth Management boosted its holdings in shares of WEC Energy Group by 1.4% in the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after buying an additional 90 shares during the last quarter. Verdence Capital Advisors LLC grew its position in WEC Energy Group by 1.6% during the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after buying an additional 92 shares during the period. MTM Investment Management LLC increased its holdings in WEC Energy Group by 3.6% during the second quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $283,000 after buying an additional 95 shares during the last quarter. Finally, Ellenbecker Investment Group raised its position in WEC Energy Group by 0.5% in the third quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock worth $2,305,000 after acquiring an additional 95 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective 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. Bank of America cut their price target on WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, December 31st. BMO Capital Markets upped their price target on WEC Energy Group from $114.00 to $120.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 21st. TD Cowen began coverage on WEC Energy Group in a research report on Thursday, October 16th. They set a “hold” rating and a $125.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and an average target price of $120.36.

WEC Energy Group News Summary

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 Performance

NYSE:WEC opened at $109.15 on Monday. The stock has a 50-day moving average price of $107.15 and a 200 day moving average price of $109.44. The stock has a market capitalization 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. WEC Energy Group, Inc. has a 12-month low of $96.37 and a 12-month high of $118.18. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The business 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%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 13th. 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. WEC Energy Group’s payout ratio is presently 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.