Perigon Wealth Management LLC Takes Position in WEC Energy Group, Inc. $WEC

Perigon Wealth Management LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,619 shares of the utilities provider’s stock, valued at approximately $656,000.

Several other large investors also recently made changes to their positions in the stock. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group during the 4th quarter worth about $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group during the fourth quarter worth about $26,000. Osterweis Capital Management Inc. acquired 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 buying an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WEC shares. KeyCorp dropped their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Truist Financial lowered their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Down 1.5%

WEC Energy Group stock opened at $109.38 on Thursday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $35.64 billion, a P/E ratio of 21.20, a PEG ratio of 1.92 and a beta of 0.47. The stock has a 50-day simple moving average of $113.09 and a 200 day simple moving average of $113.78.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts expect 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 Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

About WEC Energy Group

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.