Commerce Bank Makes New $10.18 Million Investment in WEC Energy Group, Inc. $WEC

Commerce Bank bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 87,185 shares of the utilities provider’s stock, valued at approximately $10,181,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pure Financial Advisors LLC grew its position in shares of WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after buying an additional 86 shares during the last quarter. Inscription Capital LLC raised its stake 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. lifted its holdings in WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after acquiring an additional 93 shares during the last quarter. State of Wyoming lifted its holdings in WEC Energy Group by 5.7% in the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 95 shares during the last quarter. Finally, Community Bank & Trust Waco Texas boosted its stake in WEC Energy Group by 5.1% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 96 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WEC shares. BMO Capital Markets dropped their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Truist Financial reduced their price objective 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. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the 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 completion of the transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $106.33 on Monday. The firm’s 50 day moving average is $112.86 and its two-hundred day moving average is $113.74. The firm has a market capitalization of $34.65 billion, a P/E ratio of 20.61, a PEG ratio of 1.83 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue 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. Analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is 73.84%.

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.