Waterway Wealth Management LLC Makes New $778,000 Investment in WEC Energy Group, Inc. $WEC

Waterway Wealth Management LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 7,375 shares of the utilities provider’s stock, valued at approximately $778,000.

Several other institutional investors and hedge funds have also made changes to their positions in WEC. London & Capital Asset Management Ltd raised its stake in WEC Energy Group by 48.1% in the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after purchasing an additional 10,231 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of WEC Energy Group by 4.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after acquiring an additional 24,805 shares during the last quarter. Park National Corp OH increased its stake in shares of WEC Energy Group by 4,008.6% during the 4th quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock valued at $14,238,000 after acquiring an additional 131,724 shares during the last quarter. Rathbones Group PLC increased its position in WEC Energy Group by 2.3% during the 3rd quarter. Rathbones Group PLC now owns 748,935 shares of the utilities provider’s stock worth $85,820,000 after purchasing an additional 16,800 shares in the last quarter. Finally, First Trust Advisors LP increased its position in WEC Energy Group by 26.3% during the 3rd quarter. First Trust Advisors LP now owns 754,939 shares of the utilities provider’s stock worth $86,508,000 after purchasing an additional 157,008 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Trading Up 0.6%

NYSE:WEC opened at $114.63 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 1-year low of $102.49 and a 1-year high of $119.62. The firm has a market capitalization of $37.34 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.74 and a beta of 0.47. The stock has a fifty day simple moving average of $113.63 and a 200 day simple moving average of $111.72.

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

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’s 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 available through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays increased their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. JPMorgan Chase & Co. reduced their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Truist Financial dropped their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $122.13.

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.