HighTower Advisors LLC Sells 11,358 Shares of WEC Energy Group, Inc. $WEC

HighTower Advisors LLC trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,818 shares of the utilities provider’s stock after selling 11,358 shares during the quarter. HighTower Advisors LLC’s holdings in WEC Energy Group were worth $28,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the 4th quarter worth $25,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the second quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its position 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 during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 worth $28,000 after purchasing an additional 214 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in WEC Energy Group during the 2nd quarter valued at approximately $29,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Up 1.1%

Shares of NYSE WEC opened at $107.14 on Wednesday. The stock has a market cap of $34.91 billion, a PE ratio of 20.76, a PEG ratio of 2.19 and a beta of 0.47. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week 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. The business has a fifty day moving average of $110.82 and a two-hundred day moving average of $113.15.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. 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 fiscal year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group’s dividend payout ratio is currently 73.84%.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial dropped their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. KeyCorp cut 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. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Sunday. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.91.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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.