Level Four Advisory Services LLC Grows Position in WEC Energy Group, Inc. $WEC

Level Four Advisory Services LLC boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,591 shares of the utilities provider’s stock after acquiring an additional 1,195 shares during the quarter. Level Four Advisory Services LLC’s holdings in WEC Energy Group were worth $3,334,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new position in WEC Energy Group in the first quarter worth $28,000. Opal Wealth Advisors LLC purchased a new position in WEC Energy Group in the first quarter worth $32,000. Golden State Wealth Management LLC raised its position in WEC Energy Group by 252.6% in the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 245 shares in the last quarter. Creekmur Asset Management LLC raised its position in WEC Energy Group by 2,420.0% in the first quarter. Creekmur Asset Management LLC now owns 378 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 363 shares in the last quarter. Finally, Stephens Consulting LLC raised its position in WEC Energy Group by 138.6% in the first quarter. Stephens Consulting LLC now owns 544 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.3%

WEC opened at $108.8150 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The firm has a market cap of $35.02 billion, a P/E ratio of 20.85, a PEG ratio of 2.98 and a beta of 0.42. WEC Energy Group, Inc. has a 52 week low of $90.61 and a 52 week high of $111.90. The business’s fifty day simple moving average is $106.77 and its 200 day simple moving average is $106.24.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 14th will be paid a dividend of $0.8925 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.39%.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,620 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $111.00, for a total transaction of $179,820.00. Following the sale, the director owned 20,360 shares of the company’s stock, valued at $2,259,960. This trade represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares in the company, valued at approximately $734,190.84. The trade was a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WEC shares. UBS Group set a $107.00 price target on WEC Energy Group and gave the company a “neutral” rating in a research report on Friday, July 11th. The Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Wednesday, June 25th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price target on WEC Energy Group from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.40.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.