Wealthfront Advisers LLC Takes $12.44 Million Position in WEC Energy Group, Inc. $WEC

Wealthfront Advisers LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 106,543 shares of the utilities provider’s stock, valued at approximately $12,441,000.

A number of other hedge funds also recently bought and sold shares of WEC. Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group in the fourth quarter worth about $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its stake in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after buying an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the second quarter valued at approximately $27,000. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $111.16 on Wednesday. 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 has a 50 day moving average price of $113.19 and a 200-day moving average price of $113.78. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The firm has a market capitalization of $36.22 billion, a PE ratio of 21.54, a P/E/G ratio of 1.91 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on WEC shares. JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. KeyCorp cut their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lowered their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

About WEC Energy Group

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.