Verity & Verity 13F: Adds $8.1M to WEC Energy (WEC) Stake
Key Points
- Verity & Verity grew its WEC Energy Group stake by 36.6% during the period, picking up 80,331 shares to finish with 299,813 shares worth $30,215,154 according to its SEC filing on October 23, 2026.
- The utility provider trades near its 200-day moving average of $111.32, holding a trailing P/E ratio of 21.8 and a dividend yield of 3.4%.
- Wall Street maintains a consensus buy recommendation on the stock with 18 analysts covering the firm and a mean price target of $116.83.
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Verity & Verity grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 36.6% during the period, picking up 80,331 shares to finish with 299,813 shares worth $30,215,154 according to an SEC filing on October 23, 2026. The firm held 219,482 shares before the purchase.
WEC
WEC Energy Group, Inc.
What Changed in Verity & Verity's WEC Energy Group Position
The institutional investor expanded its portfolio by acquiring 80,331 additional shares of the utility provider. That brought the total value of its holding to $30,215,154 by the end of the reported quarter. The position went from 219,482 shares up to 299,813 shares.
Other Institutional Activity in WEC Energy Group
Other large investors also adjusted their positions in the utility recently. Fort Washington Investment Advisors opened a new position with 478,341 shares worth $48,207,206. Godsey & Gibb picked up a new stake holding 600 shares valued at $60,468. Wells Fargo & Company grew its holdings by 12,840 shares, ending with 8,572,855 shares worth about $952,358,430. Deutsche Bank AG grew its holdings by 122,187 shares, ending with 6,053,574 shares worth about $672,491,513. Ameriprise Financial, Inc. grew its holdings by 155,291 shares, ending with 5,822,834 shares worth about $646,858,607.
WEC Energy Group, Inc. Stock Up 2.4%
The company closed at $111.09 on October 23, 2026, and recently traded around $111.09 as of October 24, 2026. That puts the stock near its 200-day moving average of $111.32 and above its 50-day moving average of $105.53. The stock sits below its 52-week high of $119.91 while staying well above its 52-week low of $99.80. Shares trade at a trailing price-to-earnings ratio of 21.8.
Recent Earnings
WEC Energy Group reported trailing twelve month revenue of $10,137,400,320 and earnings of $5.15 per share. The utility provider posted a net profit margin of 16.7% and a return on equity of 12.0%. The company scheduled its next earnings update for October 29, 2026.
Dividend
The company pays an annual dividend rate of $3.81 per share, giving it a dividend yield of 3.4%. That payout is backed by a dividend payout ratio of 71.7% of earnings.
Insider Buying and Selling at WEC Energy Group, Inc.
Company insiders completed several transactions prior to the filing. Director Gale E. Klappa sold 3,180 shares on February 23, 2026, for a total value of $367,099 at an average price of $115.44. Director Ulice Payne Jr. sold 1,450 shares on February 24, 2026, valued at $166,166 at $114.60 per share. Officer Daniel P. Krueger sold 4,665 shares on May 19, 2026, for $517,624. Later, on August 11, 2026, Director Ulice Payne Jr. sold another 980 shares for $103,468 at $105.58 per share.
Analysts Set New Price Targets
Analyst coverage includes several recent rating updates. Truist Securities maintained a hold rating with a $114.00 target on August 13, 2026, after previously holding a $122.00 target. Keybanc maintained an overweight rating and set a $111.00 target on October 13, 2026. Truist Securities maintained a hold rating and lowered its target to $113.00 on October 16, 2026. Barclays maintained an equal-weight rating and lowered its target from $117.00 to $108.00 on October 19, 2026. HSBC initiated coverage with a hold rating and a $106.50 target on October 22, 2026. Overall, the stock carries a consensus buy recommendation from 18 analysts with a mean price target of $116.83.
About WEC Energy Group
WEC Energy Group, Inc. provides regulated electricity, natural gas, and renewable energy services to customers primarily in Wisconsin and Illinois. The company operates through multiple utility segments that generate and distribute power while managing energy infrastructure assets. Institutional moves like Verity & Verity's latest purchase arrive as investors monitor the utility sector's stable cash flows against shifting interest rates.
Bottom Line
Investors will look toward WEC Energy Group's upcoming earnings release on October 29, 2026, for updated financial results. Future filings will show whether Verity & Verity continues to build on its utility holdings.
Related Filing Alerts
Source: Verity & Verity's 13F filing on $WEC (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts