Valmark Advisers Inc. Has $970,000 Holdings in WEC Energy Group, Inc. $WEC

Valmark Advisers Inc. trimmed its stake in WEC Energy Group, Inc. (NYSE:WEC) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,308 shares of the utilities provider’s stock after selling 118 shares during the period. Valmark Advisers Inc.’s holdings in WEC Energy Group were worth $970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC boosted its holdings in WEC Energy Group by 14.3% in the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 93 shares during the period. Liberty Capital Management Inc. boosted its holdings in WEC Energy Group by 3.8% in the 2nd quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 97 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in WEC Energy Group by 3.0% in the 1st quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 98 shares during the period. Callan Capital LLC boosted its holdings in WEC Energy Group by 2.7% in the 1st quarter. Callan Capital LLC now owns 3,845 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in WEC Energy Group by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the utilities provider’s stock valued at $1,864,000 after purchasing an additional 100 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WEC has been the subject of several analyst reports. Scotiabank raised their price target on shares of WEC Energy Group from $115.00 to $129.00 and gave the company an “outperform” rating in a report on Monday. Citigroup initiated coverage on shares of WEC Energy Group in a report on Friday, October 3rd. They issued a “buy” rating and a $131.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of WEC Energy Group in a report on Wednesday. UBS Group set a $107.00 target price on shares of WEC Energy Group and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.70.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 9,231 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the sale, the chief executive officer directly owned 56,443 shares in the company, valued at approximately $6,258,399.84. The trade was a 14.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 5,960 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $110.98, for a total transaction of $661,440.80. Following the sale, the director owned 274,969 shares in the company, valued at $30,516,059.62. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $113.88 on Friday. The firm’s fifty day moving average price is $109.85 and its 200 day moving average price is $107.59. WEC Energy Group, Inc. has a 1-year low of $91.94 and a 1-year high of $115.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a market cap of $36.65 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $0.67 EPS. WEC Energy Group’s quarterly revenue was up 13.4% on a year-over-year basis. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 14th were given a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, August 14th. WEC Energy Group’s payout ratio is presently 68.39%.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.