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 ($102.1m this quarter). Holder counts are more reliable. Shares outstanding: 321.9m as of 2025-06-30, 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 ≈ $104.17. Options: 20 managers hold calls ($93.3m notional), 16 hold puts ($106.2m).
Trends to Q2 2025
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 |
| Q3 2024 | 1,130 |
| Q4 2024 | 1,194 |
| Q1 2025 | 1,269 |
| Q2 2025 | 1,257 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 410 | 467 |
| Q4 2023 | 418 | 451 |
| Q1 2024 | 440 | 471 |
| Q2 2024 | 519 | 400 |
| Q3 2024 | 565 | 427 |
| Q4 2024 | 543 | 437 |
| Q1 2025 | 637 | 459 |
| Q2 2025 | 624 | 491 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $68.3m | $128.5m | 1.88 |
| Q4 2024 | $39.9m | $58.5m | 1.46 |
| Q1 2025 | $70.9m | $144.0m | 2.03 |
| Q2 2025 | $93.3m | $106.2m | 1.14 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +1.7m |
| VANGUARD GROUP INC | Added | +816.2k |
| UBS Group AG | Added | +639.5k |
| Balyasny Asset Management L.P. | Added | +592.0k |
| MARSHALL WACE, LLP | Added | +581.7k |
| GOLDMAN SACHS GROUP INC | Added | +525.7k |
| MORGAN STANLEY | Added | +506.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +434.2k |
| BlackRock, Inc. | Added | +396.8k |
| Point72 Asset Management, L.P. | Added | +391.4k |
Biggest sellers
| Pictet Asset Management Holding SA | Reduced | -713.0k |
| Soroban Capital Partners LP | Reduced | -548.9k |
| STATE STREET CORP | Reduced | -542.8k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -529.5k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -511.0k |
| FIRST TRUST ADVISORS LP | Reduced | -478.2k |
| Bahl & Gaynor LLC | Reduced | -393.3k |
| COHEN & STEERS, INC. | Reduced | -372.1k |
| NORTHERN TRUST CORP | Reduced | -276.7k |
| CITADEL ADVISORS LLC | Reduced | -236.6k |
Biggest calls
| PEAK6 LLC | Added | $38.2m366.2k shares |
| CITADEL ADVISORS LLC | Reduced | $12.6m120.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.1m87.3k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $8.3m80.0k shares |
| D. E. Shaw & Co., Inc. | New | $5.5m52.5k shares |
| JANE STREET GROUP, LLC | Added | $3.9m37.6k shares |
| WOLVERINE TRADING, LLC | New | $3.5m33.9k shares |
| Caption Management, LLC | Reduced | $2.7m25.7k shares |
| GROUP ONE TRADING LLC | Added | $2.3m22.2k shares |
| IMC-Chicago, LLC | Reduced | $2.2m21.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $42.7m409.4k shares |
| GROUP ONE TRADING LLC | New | $18.2m174.5k shares |
| Portman Square Capital LLP | Reduced | $16.9m162.2k shares |
| Caption Management, LLC | New | $8.3m80.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.3m60.9k shares |
| SIMPLEX TRADING, LLC | New | $3.9m37.8k shares |
| IMC-Chicago, LLC | New | $2.7m25.9k shares |
| WOLVERINE TRADING, LLC | New | $2.3m22.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $2.0m19.4k shares |
| Volterra Technologies LP | First filing | $958.6k9.2k 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 2025
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 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $50.1k | — |
| Q1 2024 | 0 | — | 2 | $3.1m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 5 | $1.1m | — |
| Q4 2024 | 0 | — | 4 | $5.7m | — |
| Q1 2025 | 0 | — | 2 | $8.2m | — |
| Q2 2025 | 0 | — | 2 | $286.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-20 | Erickson Joshua M VP and Deputy General Counsel | Sold | $232.2k2.2k shares |
| 2025-05-13 | Garcia-Thomas Cristina A Director | Sold | $54.4k525 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 39.9m $4.2bn | Added +816.2k |
| BlackRock, Inc. 0.06% of their portfolio | 29.8m $3.1bn | Added +396.8k |
| STATE STREET CORP 0.08% of their portfolio | 20.5m $2.1bn | Reduced -542.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.20% of their portfolio | 10.6m $1.1bn | Added +434.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 8.6m $892.0m | Added +235.7k |
| WELLS FARGO & COMPANY/MN 0.18% of their portfolio | 8.1m $840.2m | Added +293.9k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 7.3m $755.5m | Added +140.3k |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 5.6m $581.7m | Added +116.8k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 5.3m $552.0m | Added +193.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 5.2m $543.8m | Added +8.2k |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 4.4m $462.6m | Added +169.3k |
| MORGAN STANLEY 0.03% of their portfolio | 4.3m $443.5m | Added +506.1k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 3.7m $388.3m | Reduced -276.7k |
| Nuveen, LLC 0.11% of their portfolio | 3.7m $382.9m | Reduced -26.7k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 3.6m $375.9m | Added +1.7m |
| Invesco Ltd. 0.06% of their portfolio | 3.2m $332.8m | Added +123.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 2.7m $282.3m | Added +189.9k |
| Legal & General Group Plc 0.07% of their portfolio | 2.6m $271.9m | Added +163.0k |
| ClearBridge Investments Ltd 5.40% of their portfolio | 2.4m $246.4m | Added +12.6k |
| PNC Financial Services Group, Inc. 0.16% of their portfolio | 2.4m $246.2m | Reduced -12.3k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.1m $221.1m | Reduced -103.7k |
| UBS Group AG 0.05% of their portfolio | 2.1m $218.9m | Added +639.5k |
| FEDERATED HERMES, INC. 0.40% of their portfolio | 2.0m $211.6m | Added +31.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.0m $208.2m | Added +345.9k |
| EARNEST PARTNERS LLC 0.93% of their portfolio | 2.0m $206.7m | Added +6.0k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 1.8m $190.5m | Reduced -134.3k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 1.7m $178.4m | Reduced -236.6k |
| Clearbridge Investments, LLC 0.14% of their portfolio | 1.6m $169.7m | Reduced -43.6k |
| MAIRS & POWER INC 1.54% of their portfolio | 1.5m $155.5m | Added +103.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.5m $153.2m | Added +525.7k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 2.09% of their portfolio | 1.4m $147.9m | Reduced -25.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 1.4m $146.5m | Added +14.4k |
| Magellan Asset Management Ltd 1.57% of their portfolio | 1.3m $137.2m | Reduced -148.0k |
| FMR LLC 0.01% of their portfolio | 1.3m $135.0m | Added +58.6k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 1.3m $134.3m | Added +150.1k |
| Caisse de depot et placement du Quebec 0.28% of their portfolio | 1.3m $132.0m | Reduced -876 |
| STIFEL FINANCIAL CORP 0.12% of their portfolio | 1.2m $126.2m | Added +1.4k |
| California Public Employees Retirement System 0.08% of their portfolio | 1.2m $124.6m | Reduced -213.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.2m $123.6m | Added +3.3k |
| COHEN & STEERS, INC. 0.22% of their portfolio | 1.2m $121.3m | Reduced -372.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.37% of their portfolio | 1.1m $116.6m | Reduced -152.5k |
| CRAWFORD INVESTMENT COUNSEL INC 1.99% of their portfolio | 1.1m $114.0m | Reduced -30.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.67% of their portfolio | 1.1m $110.3m | Reduced -3.5k |
| Point72 Asset Management, L.P. 0.26% of their portfolio | 1.0m $109.2m | Added +391.4k |
| BARCLAYS PLC 0.04% of their portfolio | 1.0m $104.6m | Added +242.0k |
| WESTWOOD HOLDINGS GROUP INC 0.74% of their portfolio | 987.6k $102.9m | Reduced -62.8k |
| CINCINNATI INSURANCE CO 1.71% of their portfolio | 978.3k $101.9m | Unchanged |
| Swiss National Bank 0.06% of their portfolio | 965.9k $100.6m | Added +73.7k |
| MARSHALL WACE, LLP 0.12% of their portfolio | 944.0k $98.4m | Added +581.7k |
| Bahl & Gaynor LLC 0.49% of their portfolio | 926.2k $96.5m | Reduced -393.3k |
| BESSEMER GROUP INC 0.16% of their portfolio | 923.1k $96.2m | Added +7.7k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 916.2k $95.5m | Reduced -22.1k |
| LPL Financial LLC 0.03% of their portfolio | 883.7k $92.1m | Added +33.0k |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 857.9k $89.4m | Added +148.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 834.9k $87.0m | Added +9.8k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 774.7k $80.7m | Added +592.0k |
| Rathbones Group PLC 0.33% of their portfolio | 732.1k $76.3m | Reduced -31.8k |
| Employees Retirement System of Texas 0.57% of their portfolio | 677.5k $70.6m | Added +71.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.35% of their portfolio | 644.1k $67.1m | Added +40.2k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 642.9k $67.0m | Added +79 |
| BENJAMIN EDWARDS INC 0.82% of their portfolio | 618.3k $64.4m | Added +8.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 611.3k $63.7m | Added +46.9k |
| GABELLI FUNDS LLC 0.45% of their portfolio | 606.9k $63.2m | Reduced -12.6k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 597.9k $62.3m | Reduced -478.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 555.8k $57.9m | Added +96.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 553.2k $57.6m | Added +142.0k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 540.5k $56.2m | Reduced -35.2k |
| Verition Fund Management LLC 0.32% of their portfolio | 537.7k $56.0m | Added +347.2k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 535.2k $55.8m | Reduced -66.2k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 504.0k $52.5m | Reduced -511.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 503.2k $52.4m | Reduced -1.0k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.15% of their portfolio | 494.0k $51.5m | Added +2.1k |
| Epoch Investment Partners, Inc. 0.24% of their portfolio | 454.0k $47.3m | Reduced -68.2k |
| DONALDSON CAPITAL MANAGEMENT, LLC 1.71% of their portfolio | 447.9k $46.7m | Added +18.4k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 445.3k $46.0m | Added +122.5k |
| Energy Income Partners, LLC 0.91% of their portfolio | 443.1k $46.2m | Reduced -794 |
| Retirement Systems of Alabama 0.16% of their portfolio | 420.2k $43.8m | Reduced -5.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 417.6k $43.5m | Reduced -529.5k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 392.6k $40.9m | Added +14.3k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 387.1k $40.3m | Added +96.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 382.5k $39.9m | Added +6.9k |
| Amundi 0.01% of their portfolio | 382.4k $39.7m | Added +94.6k |
| DEARBORN PARTNERS LLC 1.89% of their portfolio | 382.4k $39.8m | Added +4.9k |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 382.1k $39.8m | Added +25.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 381.0k $39.7m | Added +57.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.36% of their portfolio | 369.7k $38.5m | Reduced -20.6k |
| National Pension Service 0.03% of their portfolio | 368.2k $38.4m | Added +3.6k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 366.7k $38.2m | Reduced -4.0k |
| CAMPBELL NEWMAN ASSET MANAGEMENT INC 3.00% of their portfolio | 361.4k $37.7m | Added +148.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 345.0k $35.9m | Reduced -39.3k |
| OLD REPUBLIC INTERNATIONAL CORP 1.37% of their portfolio | 336.3k $35.0m | Unchanged |
| US BANCORP \DE\ 0.04% of their portfolio | 335.8k $35.0m | Added +1.5k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 333.6k $34.8m | Added +275.8k |
| Soroban Capital Partners LP 0.33% of their portfolio | 328.5k $34.2m | Reduced -548.9k |
| GATEWAY INVESTMENT ADVISERS LLC 0.37% of their portfolio | 328.2k $34.2m | Added +3.7k |
| CITIGROUP INC 0.02% of their portfolio | 323.8k $33.7m | Reduced -51.6k |
| APG Asset Management N.V. 0.08% of their portfolio | 295.1k $26.2m | Added +123.7k |
| Aware Super Pty Ltd as trustee of Aware Super 0.45% of their portfolio | 293.3k $30.6m | Reduced -37.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 290.9k $30.3m | Added +3.0k |
| Korea Investment CORP 0.07% of their portfolio | 283.1k $29.5m | Reduced -61.6k |