Mairs & Power Balanced Fund outperformed, invested in WEC Energy Group, positive.

From Yahoo Finance: 2025-05-07 10:11:00

Mairs & Power Balanced Fund released its Q1 2025 investor letter, reporting a 0.04% increase despite market fluctuations. The fund outperformed composite indexes and Morningstar peer group. Top holding WEC Energy Group, Inc. saw a 5.17% one-month return and gained 29.27% over 52 weeks, closing at $109.76/share on May 6, 2025.

The fund initiated a new position in WEC Energy Group, Inc. during Q1 2025, citing the company’s stable regulatory environment and utility services. With an overweight equity approach, WEC offers a quasi-fixed income holding in utilities for the fund.

WEC Energy Group, Inc. is not among the 30 most popular stocks among hedge funds, despite 28 hedge fund portfolios holding its shares in Q4. The potential for AI stocks to deliver higher returns in a shorter timeframe is emphasized, with a focus on promising AI investments like NVIDIA.

Read more: Should You Invest in WEC Energy Group (WEC)?