Clearstead Trust LLC Makes New $2.17 Million Investment in WEC Energy Group, Inc. $WEC

Clearstead Trust LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 18,600 shares of the utilities provider’s stock, valued at approximately $2,172,000.

A number of other large investors also recently made changes to their positions in WEC. Franklin Resources Inc. boosted its stake in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after buying an additional 2,136,542 shares during the last quarter. Vanguard Group Inc. grew its holdings in WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after buying an additional 819,627 shares during the period. Janus Henderson Group PLC increased its stake in shares of WEC Energy Group by 3,337.5% during the 1st quarter. Janus Henderson Group PLC now owns 700,527 shares of the utilities provider’s stock valued at $81,097,000 after acquiring an additional 680,148 shares during the last quarter. Freestone Grove Partners LP lifted its holdings in shares of WEC Energy Group by 30,697.3% during the 3rd quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after acquiring an additional 618,550 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of WEC Energy Group by 324.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after acquiring an additional 592,028 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.2%

Shares of NYSE:WEC opened at $110.53 on Friday. The stock has a 50-day simple moving average of $113.24 and a 200-day simple moving average of $113.75. The stock has a market capitalization of $36.02 billion, a P/E ratio of 21.42, a PEG ratio of 1.91 and a beta of 0.47. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company posted $0.76 earnings per share. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Insiders Place Their Bets

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% 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 Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. increased their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays lifted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. BMO Capital Markets lowered their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group 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.