WEC Energy Group, Inc. $WEC Holdings Lowered by Magellan Asset Management Ltd

Posted by Brenda Bartman on Jun 5th, 2026

Magellan Asset Management Ltd trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,285,113 shares of the utilities provider’s stock after selling 15,713 shares during the quarter. WEC Energy Group makes up about 1.6% of Magellan Asset Management Ltd’s portfolio, making the stock its 28th biggest position. Magellan Asset Management Ltd’s holdings in WEC Energy Group were worth $135,528,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of WEC Energy Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of WEC Energy Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after purchasing an additional 88,557 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock valued at $349,109,000 after purchasing an additional 337,300 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of WEC Energy Group by 3.4% during the third quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock valued at $309,078,000 after purchasing an additional 87,446 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of WEC Energy Group by 9.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after purchasing an additional 226,894 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WEC has been the subject of several research analyst reports. KeyCorp upped their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. Barclays upped their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average price target of $122.13.

View Our Latest Stock Report on WEC Energy Group

Insider Activity

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

WEC Energy Group Trading Up 1.0%

Shares of NYSE WEC opened at $111.16 on Friday. WEC Energy Group, Inc. has a one year low of $102.49 and a one year high of $119.62. The firm has a market capitalization of $36.21 billion, a PE ratio of 22.19, a PEG ratio of 2.65 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $113.96 and a two-hundred day moving average price of $111.61.

WEC Energy Group (NYSE:WEC – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company posted $2.27 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

About WEC Energy Group

(Free Report)

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.