Assenagon Asset Management S.A. Increases Stake in WEC Energy Group

The institutional investor now owns 195,684 shares of the utilities provider's stock.

Mar. 27, 2026 at 7:22am

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Assenagon Asset Management S.A. increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 78.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 195,684 shares of the utilities provider's stock, worth $20,637,000 at the end of the quarter.

Why it matters

This filing provides insight into the investment strategy and portfolio changes of Assenagon Asset Management S.A., a prominent institutional investor. Tracking institutional ownership and activity can help investors understand market sentiment and potential future stock price movements for WEC Energy Group.

The details

Assenagon Asset Management S.A. increased its stake in WEC Energy Group by adding 86,249 shares during the fourth quarter. The firm now owns 0.06% of the utilities provider's outstanding shares. Several other institutional investors and hedge funds have also adjusted their WEC Energy Group holdings recently.

  • Assenagon Asset Management S.A. increased its stake in the 4th quarter of 2026.

The players

Assenagon Asset Management S.A.

An institutional investor that manages assets and increased its stake in WEC Energy Group.

WEC Energy Group, Inc.

A Milwaukee-based regulated energy holding company that provides electricity and natural gas services.

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The takeaway

This filing shows that a major institutional investor has increased its position in WEC Energy Group, potentially signaling confidence in the utility company's performance and future prospects.