WEC ENERGY GROUP INC WEC
COM · Common Stock · CUSIP 92939U106 · ISIN US92939U1060
American energy company providing electricity and natural gas to 4.4 million customers
- SectorUtilities
- IndustryElectric & Other Services Combined
- HeadquartersMilwaukee, WI
- Founded1896
- Websitewisconsinenergy.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($133.6m this quarter). Holder counts are more reliable. Shares outstanding: 316.1m as of 2024-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $78.41. Options: 16 managers hold calls ($25.4m notional), 12 hold puts ($73.9m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,011 |
| Q4 2022 | 1,065 |
| Q1 2023 | 1,016 |
| Q2 2023 | 1,025 |
| Q3 2023 | 990 |
| Q4 2023 | 1,050 |
| Q1 2024 | 1,037 |
| Q2 2024 | 1,074 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 436 | 408 |
| Q1 2023 | 439 | 426 |
| Q2 2023 | 411 | 440 |
| Q3 2023 | 410 | 467 |
| Q4 2023 | 418 | 451 |
| Q1 2024 | 440 | 471 |
| Q2 2024 | 519 | 400 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $20.6m | $20.7m | 1.00 |
| Q4 2023 | $41.2m | $68.3m | 1.66 |
| Q1 2024 | $19.8m | $46.4m | 2.34 |
| Q2 2024 | $25.4m | $73.9m | 2.91 |
Biggest buyers
| Soroban Capital Partners LP | Added | +1.6m |
| Zimmer Partners, LP | New | +1.2m |
| Caisse de depot et placement du Quebec | Added | +859.5k |
| Balyasny Asset Management L.P. | New | +851.8k |
| Qube Research & Technologies Ltd | Added | +802.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +688.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +491.7k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +450.6k |
| BANK OF AMERICA CORP /DE/ | Added | +420.6k |
| CITADEL ADVISORS LLC | Added | +345.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -7.0m |
| Invesco Ltd. | Reduced | -2.9m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.2m |
| Magellan Asset Management Ltd | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -970.1k |
| D. E. Shaw & Co., Inc. | Reduced | -776.2k |
| STATE STREET CORP | Reduced | -757.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -496.8k |
| California Public Employees Retirement System | Reduced | -352.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $6.7m85.8k shares |
| JANE STREET GROUP, LLC | Added | $4.6m58.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.0m51.5k shares |
| Twin Tree Management, LP | New | $3.1m39.1k shares |
| READYSTATE ASSET MANAGEMENT LP | New | $1.3m16.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m15.2k shares |
| Walleye Capital LLC | Reduced | $1.2m14.9k shares |
| WOLVERINE TRADING, LLC | Added | $1.1m14.0k shares |
| Paloma Partners Management Co | Reduced | $965.1k12.3k shares |
| GROUP ONE TRADING LLC | Reduced | $541.4k6.9k shares |
Biggest puts
| Portman Square Capital LLP | New | $25.9m330.0k shares |
| Parallax Volatility Advisers, L.P. | New | $17.4m222.1k shares |
| PEAK6 Investments LLC | Added | $9.4m120.2k shares |
| CITADEL ADVISORS LLC | Reduced | $5.1m65.3k shares |
| Paloma Partners Management Co | New | $3.9m49.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m48.9k shares |
| READYSTATE ASSET MANAGEMENT LP | New | $2.5m31.6k shares |
| NOMURA HOLDINGS INC | New | $1.9m24.4k shares |
| Walleye Trading LLC | Reduced | $1.6m19.8k shares |
| Walleye Capital LLC | Reduced | $1.4m17.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $757.7k | — |
| Q4 2022 | 1 | $91.4k | 3 | $592.6k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $141.5k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $50.1k | — |
| Q1 2024 | 0 | — | 2 | $3.1m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 39.7m $3.1bn | Added +54.6k |
| BlackRock Inc. 0.05% of their portfolio | 29.2m $2.3bn | Added +294.6k |
| STATE STREET CORP 0.07% of their portfolio | 21.6m $1.7bn | Reduced -757.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 8.2m $644.5m | Reduced -1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 7.8m $614.1m | Added +217.2k |
| WELLS FARGO & COMPANY/MN 0.16% of their portfolio | 7.8m $612.3m | Reduced -262.3k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 7.0m $547.6m | Added +420.6k |
| DEUTSCHE BANK AG\ 0.19% of their portfolio | 5.5m $431.1m | Reduced -112.1k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 4.2m $332.5m | Added +61.2k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 3.8m $295.2m | Reduced -18.8k |
| MORGAN STANLEY 0.02% of their portfolio | 3.6m $284.5m | Reduced -7.0m |
| Nuveen Asset Management, LLC 0.08% of their portfolio | 3.5m $274.8m | Reduced -157.5k |
| Invesco Ltd. 0.05% of their portfolio | 3.0m $232.3m | Reduced -2.9m |
| Legal & General Group Plc 0.06% of their portfolio | 2.8m $217.0m | Reduced -323.3k |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 2.6m $201.3m | Added +688.8k |
| PNC Financial Services Group, Inc. 0.13% of their portfolio | 2.4m $189.0m | Reduced -35.2k |
| Magellan Asset Management Ltd 1.78% of their portfolio | 2.4m $186.5m | Reduced -1.4m |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 2.3m $177.4m | Reduced -228.8k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.2m $175.8m | Reduced -52.0k |
| Qube Research & Technologies Ltd 0.29% of their portfolio | 2.0m $156.9m | Added +802.0k |
| EARNEST PARTNERS LLC 0.72% of their portfolio | 2.0m $153.4m | Added +206.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.9m $146.2m | Added +45.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 1.8m $141.3m | Reduced -25.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.8m $139.9m | Added +61.0k |
| Soroban Capital Partners LP 2.05% of their portfolio | 1.8m $139.5m | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.6m $124.3m | Added +295.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.6m $123.7m | Added +164.8k |
| California Public Employees Retirement System 0.09% of their portfolio | 1.5m $120.7m | Reduced -352.9k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.74% of their portfolio | 1.5m $120.3m | Reduced -24.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.19% of their portfolio | 1.5m $119.7m | Added +491.7k |
| Clearbridge Investments, LLC 0.09% of their portfolio | 1.4m $106.4m | Added +22.0k |
| FMR LLC 0.01% of their portfolio | 1.3m $102.0m | Added +384 |
| WESTWOOD HOLDINGS GROUP INC 0.47% of their portfolio | 1.3m $101.7m | Reduced -24.2k |
| CIBC Private Wealth Group LLC 0.19% of their portfolio | 1.3m $100.0m | Added +13.2k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.22% of their portfolio | 1.2m $96.0m | Added +58.7k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 1.2m $94.5m | Added +859.5k |
| Zimmer Partners, LP 1.79% of their portfolio | 1.2m $94.0m | New |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 1.2m $91.7m | Added +38.1k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.2m $91.7m | Added +251.7k |
| CRAWFORD INVESTMENT COUNSEL INC 1.68% of their portfolio | 1.1m $88.4m | Added +16.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.1m $87.7m | Added +160.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.1m $86.1m | Reduced -267.6k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.1m $82.7m | Reduced -99.8k |
| UBS Group AG 0.03% of their portfolio | 1.0m $82.1m | Added +159.2k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.0m $80.0m | Added +23.8k |
| CINCINNATI INSURANCE CO 1.27% of their portfolio | 978.3k $76.8m | Unchanged |
| Bahl & Gaynor LLC 0.43% of their portfolio | 970.2k $76.1m | Reduced -35.9k |
| BESSEMER GROUP INC 0.13% of their portfolio | 947.4k $74.3m | Reduced -13.5k |
| Swiss National Bank 0.05% of their portfolio | 934.3k $73.3m | Reduced -10.3k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 899.1k $70.5m | Added +167.3k |
| Balyasny Asset Management L.P. 0.17% of their portfolio | 851.8k $66.8m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 814.4k $63.9m | Reduced -60.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 793.9k $62.3m | Added +450.6k |
| Rathbones Group PLC 0.33% of their portfolio | 778.6k $61.1m | Added +75.1k |
| BARCLAYS PLC 0.03% of their portfolio | 764.1k $60.0m | Added +148.1k |
| Energy Income Partners, LLC 1.32% of their portfolio | 756.8k $59.4m | Reduced -265.3k |
| Amundi 0.02% of their portfolio | 715.8k $55.6m | Added +125.4k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 683.4k $53.6m | Reduced -23.3k |
| GABELLI FUNDS LLC 0.39% of their portfolio | 652.3k $51.2m | Reduced -24.0k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 640.3k $50.2m | Reduced -5.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.33% of their portfolio | 634.3k $49.8m | Added +1.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 632.2k $49.6m | Reduced -37.4k |
| Epoch Investment Partners, Inc. 0.22% of their portfolio | 626.2k $49.1m | Reduced -72.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio | 583.6k $45.8m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 581.3k $45.6m | Added +33.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 549.7k $43.1m | Added +32.4k |
| Korea Investment CORP 0.11% of their portfolio | 534.4k $41.9m | Added +143.8k |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.69% of their portfolio | 501.9k $39.4m | Added +16.0k |
| APG Asset Management N.V. 0.06% of their portfolio | 495.7k $36.3m | Reduced -230.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 491.0k $38.5m | Reduced -496.8k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.95% of their portfolio | 477.6k $37.5m | Added +20.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.34% of their portfolio | 476.9k $37.4m | Added +180.3k |
| DEARBORN PARTNERS LLC 1.57% of their portfolio | 464.1k $36.4m | Added +8.3k |
| LPL Financial LLC 0.02% of their portfolio | 462.2k $36.3m | Added +30.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 438.9k $34.4m | Reduced -19.3k |
| SCOUT INVESTMENTS, INC. 0.92% of their portfolio | 438.8k $34.4m | Added +241.2k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 424.8k $33.3m | Reduced -970.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 422.2k $33.1m | Added +32.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 415.9k $32.6m | Reduced -7.2k |
| National Pension Service 0.04% of their portfolio | 413.8k $32.5m | Added +10.7k |
| Employees Retirement System of Texas 0.29% of their portfolio | 393.0k $30.8m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio | 384.3k $30.1m | Reduced -62.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 383.8k $30.1m | Added +345.0k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 378.8k $29.7m | Added +357 |
| W1M Asset Management Ltd 2.42% of their portfolio | 364.8k $28.6m | Reduced -66.0k |
| US BANCORP \DE\ 0.04% of their portfolio | 362.6k $28.4m | Reduced -21.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 346.9k $27.2m | Reduced -8.5k |
| GATEWAY INVESTMENT ADVISERS LLC 0.31% of their portfolio | 346.6k $27.2m | Reduced -38.7k |
| OLD REPUBLIC INTERNATIONAL CORP 1.06% of their portfolio | 332.3k $26.1m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 316.3k $24.7m | Added +8.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 316.1k $24.8m | Reduced -107.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 301.7k $23.7m | Added +15.0k |
| Morningstar Investment Services LLC 0.25% of their portfolio | 290.5k $22.8m | New |
| COUNTRY TRUST BANK 0.56% of their portfolio | 283.9k $22.3m | Added +2.3k |
| PINEBRIDGE INVESTMENTS, L.P. 0.18% of their portfolio | 282.4k $22.2m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 276.1k $21.7m | Added +25.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 264.1k $20.7m | Reduced -15.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 263.4k $20.7m | Reduced -54.9k |
| AMF Tjanstepension AB 0.15% of their portfolio | 260.4k $20.4m | New |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 258.3k $20.3m | Reduced -315.3k |