Cidel Asset Management Inc. Acquires New Holdings in WEC Energy Group, Inc. $WEC

Cidel Asset Management Inc. acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 218,384 shares of the utilities provider’s stock, valued at approximately $22,009,000.

Several other institutional investors have also recently added to or reduced their stakes in WEC. Diversify Advisory Services LLC raised its position in WEC Energy Group by 2.0% in the third quarter. Diversify Advisory Services LLC now owns 5,076 shares of the utilities provider’s stock valued at $538,000 after purchasing an additional 98 shares during the period. WPG Advisers LLC lifted its stake in WEC Energy Group by 37.2% during the third quarter. WPG Advisers LLC now owns 365 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 99 shares in the last quarter. Hibernia Wealth Partners LLC boosted its position in shares of WEC Energy Group by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider’s stock worth $390,000 after buying an additional 106 shares during the period. Gryphon Financial Partners LLC boosted its position in shares of WEC Energy Group by 4.0% during the first quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider’s stock worth $354,000 after buying an additional 118 shares during the period. Finally, 1ST Source Bank grew its stake in shares of WEC Energy Group by 4.0% in the first quarter. 1ST Source Bank now owns 3,141 shares of the utilities provider’s stock valued at $364,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Key WEC Energy Group News

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

• Positive Sentiment: Third-quarter earnings beat expectations. WEC reported $1.18 in adjusted EPS versus the $0.97 analyst consensus, while revenue rose 8.9% year over year to $2.29 billion. Net income increased to $389.3 million from $271.3 million, supported by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Management raised its 2026 earnings guidance, reinforcing confidence in continued demand growth and execution. The guidance increase, combined with the quarterly earnings beat, is a key catalyst for investor optimism. WEC raises 2026 earnings guidance
• Positive Sentiment: WEC outlined a $47.5 billion 2027–2031 capital plan and is targeting annual EPS growth of 7% to 9% or more. The investment program could expand the regulated asset base and support long-term earnings and dividend growth. WEC capital plan and EPS growth targets
• Positive Sentiment: Analysts raised their price targets and issued constructive ratings. Scotiabank lifted its target to $128 with a “sector outperform” rating, while Wells Fargo raised its target to $129 and maintained an “overweight” rating. The revised targets imply approximately 10%–11% potential upside from the referenced price.
• Neutral Sentiment: WEC is reportedly in discussions regarding a 400-megawatt data-center project. Securing the project could create additional electricity demand, although the talks have not resulted in a confirmed agreement. WEC data-center project discussions
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, providing a more cautious view that offsets some of the recent bullish analyst actions.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Scotiabank increased their target price on WEC Energy Group from $117.00 to $128.00 and gave the stock a “sector outperform” rating in a research note on Friday. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Wells Fargo & Company increased their price target on shares of WEC Energy Group from $127.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada dropped their price objective on shares of WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating for the company in a report on Monday, October 26th. Finally, Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $118.00.

WEC Energy Group Trading Up 1.4%

WEC opened at $116.19 on Friday. WEC Energy Group, Inc. has a 12 month low of $99.80 and a 12 month high of $119.91. The stock has a market capitalization of $37.86 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.39 and a beta of 0.45. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.39. The business has a fifty day moving average price of $105.85 and a 200 day moving average price of $111.43.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. WEC Energy Group had a return on equity of 13.49% and a net margin of 17.54%. WEC Energy Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.61 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.9525 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s payout ratio is currently 69.15%.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.

WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.