Kestra Advisory Services LLC Has $3.85 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Kestra Advisory Services LLC reduced its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,242 shares of the utilities provider’s stock after selling 5,445 shares during the period. Kestra Advisory Services LLC’s holdings in WEC Energy Group were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. increased its holdings in shares of WEC Energy Group by 9.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 140,051 shares of the utilities provider’s stock worth $16,206,000 after purchasing an additional 11,611 shares during the period. Greenwood Capital Associates LLC acquired a new stake in WEC Energy Group during the first quarter worth approximately $1,953,000. IAG Wealth Partners LLC increased its stake in WEC Energy Group by 30.0% during the 1st quarter. IAG Wealth Partners LLC now owns 13,191 shares of the utilities provider’s stock worth $1,527,000 after acquiring an additional 3,044 shares during the period. Lmcg Investments LLC acquired a new position in WEC Energy Group in the 1st quarter valued at $203,000. Finally, Richmond Investment Services LLC raised its holdings in WEC Energy Group by 7.8% in the 1st quarter. Richmond Investment Services LLC now owns 14,303 shares of the utilities provider’s stock valued at $1,656,000 after acquiring an additional 1,036 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $113.36 on Friday. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market cap of $36.93 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.47. The stock’s 50-day moving average is $113.63 and its 200-day moving average is $113.22.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently announced 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 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WEC. JPMorgan Chase & Co. increased their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Barclays increased 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 research note on Monday, April 20th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.07.

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.