WEC EnergyWEC
About: WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.
Employees: 7,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
133% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 7 (+4) [Q3]
25% more repeat investments, than reductions
Existing positions increased: 416 | Existing positions reduced: 333
24% more capital invested
Capital invested by funds: $19.6B [Q2] → $24.2B (+$4.67B) [Q3]
23% more first-time investments, than exits
New positions opened: 143 | Existing positions closed: 116
8.96% more ownership
Funds ownership: 78.98% [Q2] → 87.93% (+8.96%) [Q3]
3% more funds holding
Funds holding: 1,063 [Q2] → 1,090 (+27) [Q3]
47% less call options, than puts
Call options by funds: $68.3M | Put options by funds: $129M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Keybanc Sophie Karp 66% 1-year accuracy 29 / 44 met price target | 10%upside $108 | Overweight Maintained | 22 Oct 2024 |
Wells Fargo Neil Kalton 69% 1-year accuracy 33 / 48 met price target | 8%upside $106 | Overweight Maintained | 16 Oct 2024 |
Barclays Eric Beaumont 57% 1-year accuracy 13 / 23 met price target | 9%downside $89 | Underweight Maintained | 8 Oct 2024 |
Barclays Eric Beaumont 57% 1-year accuracy 13 / 23 met price target | 9%downside $89 | Underweight Maintained | 7 Oct 2024 |
Keybanc Sophie Karp 66% 1-year accuracy 29 / 44 met price target | 5%upside $103 | Overweight Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 11 articles about WEC published over the past 30 days
