GSA Capital Partners LLP Invests $2.78 Million in WEC Energy Group, Inc. $WEC

GSA Capital Partners LLP bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,837 shares of the utilities provider’s stock, valued at approximately $2,783,000.

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

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction 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 owned 19,588 shares in the company, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel Krueger sold 4,665 shares of the firm’s 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 sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Price Performance

WEC opened at $110.53 on Friday. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The stock has a 50-day moving average price of $113.24 and a 200-day moving average price of $113.75. The firm has a market cap of $36.02 billion, a PE ratio of 21.42, a P/E/G ratio of 1.91 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the company posted $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. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WEC. BMO Capital Markets decreased their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. Barclays increased their price objective 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. JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. 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 given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.91.

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.