21,392 Shares in WEC Energy Group, Inc. $WEC Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 21,392 shares of the utilities provider’s stock, valued at approximately $2,498,000.

A number of other institutional investors have also added to or reduced their stakes in the company. 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. bought a new stake in WEC Energy Group during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group in the fourth quarter valued at approximately $26,000. Physician Wealth Advisors Inc. lifted its holdings 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 valued at $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in WEC Energy Group during the second quarter worth $27,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of WEC opened at $110.48 on Tuesday. The stock’s 50-day simple moving average is $113.23 and its 200 day simple moving average is $113.78. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.47. 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, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91.

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 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’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. Research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal 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 given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is 73.84%.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Barclays raised their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Truist Financial dropped their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, KeyCorp decreased their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $121.91.

Insider Buying and Selling at WEC Energy Group

In related 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 sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

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.