Reaves W H & Co. Inc. Boosts Stake in WEC Energy Group, Inc. $WEC

Reaves W H & Co. Inc. lifted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 60.0% in the 4th quarter, HoldingsChannel reports. The firm owned 377,501 shares of the utilities provider’s stock after acquiring an additional 141,501 shares during the period. Reaves W H & Co. Inc.’s holdings in WEC Energy Group were worth $39,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WEC. Empowered Funds LLC increased its stake in WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after buying an additional 2,417 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of WEC Energy Group by 7.3% during the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after purchasing an additional 3,006 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of WEC Energy Group by 477.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after purchasing an additional 275,786 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of WEC Energy Group by 8.8% during the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after purchasing an additional 4,730 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Up 0.0%

Shares of NYSE:WEC opened at $111.07 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The company has a 50-day moving average price of $114.22 and a 200 day moving average price of $111.66. The company has a market cap of $36.18 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.67 and a beta of 0.47.

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

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WEC. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Barclays increased their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Truist Financial dropped their price objective on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.