N.E.W. Advisory Services LLC Acquires New Holdings in WEC Energy Group, Inc. $WEC

N.E.W. Advisory Services LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,320 shares of the utilities provider’s stock, valued at approximately $4,942,000. WEC Energy Group accounts for 0.3% of N.E.W. Advisory Services LLC’s portfolio, making the stock its 23rd biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new stake in shares of WEC Energy Group during the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new position in WEC Energy Group in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter worth about $27,000. Physician Wealth Advisors Inc. grew its holdings in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 214 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Up 0.0%

NYSE:WEC opened at $110.53 on Monday. The company has a market capitalization of $36.02 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.91 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 stock has a fifty day simple moving average of $113.24 and a 200-day simple moving average of $113.78. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last released 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. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s quarterly 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. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is currently 73.84%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WEC shares. 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. Barclays increased their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. BMO Capital Markets dropped their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a report 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group Company 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.