Elevation Point Wealth Partners LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,657 shares of the utilities provider’s stock, valued at approximately $777,000.
Several other institutional investors and hedge funds also recently made changes to their positions in WEC. Pure Financial Advisors LLC boosted its position in shares of WEC Energy Group by 3.9% in the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 86 shares during the period. Inscription Capital LLC increased its position in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 91 shares during the period. Moors & Cabot Inc. raised its stake in WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares in the last quarter. State of Wyoming raised its stake in WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas boosted its holdings in WEC Energy Group by 5.1% in the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WEC. BMO Capital Markets dropped their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Truist Financial cut their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. KeyCorp dropped their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and an average target price of $121.91.
WEC Energy Group Stock Performance
Shares of WEC Energy Group stock opened at $107.60 on Tuesday. The stock has a market cap of $35.06 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.83 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company’s fifty day moving average is $112.73 and its 200 day moving average is $113.70.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. WEC Energy Group’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.
WEC Energy Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is presently 73.84%.
Insider Buying and Selling at WEC Energy Group
In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.
WEC Energy Group Company Profile
WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.
Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.
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