Fox Hill Wealth Management Makes New Investment in WEC Energy Group, Inc. $WEC

Fox Hill Wealth Management 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,020 shares of the utilities provider’s stock, valued at approximately $2,221,000.

Other hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter valued at $27,000. Physician Wealth Advisors Inc. grew its position in WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp lowered their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised 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. BMO Capital Markets decreased 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 report on Wednesday, July 22nd. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Price Performance

Shares of WEC stock opened at $106.15 on Friday. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The stock has a market capitalization of $34.59 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.84 and a beta of 0.47. The stock has a fifty day simple moving average of $112.23 and a two-hundred day simple moving average of $113.54. 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 (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

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.