Invst LLC Takes Position in WEC Energy Group, Inc. $WEC

Invst LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,995 shares of the utilities provider’s stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEC. Pure Financial Advisors LLC grew its stake in WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 86 shares in the last quarter. Inscription Capital LLC lifted its stake in WEC Energy Group by 4.7% in the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. lifted its stake in WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares in the last quarter. State of Wyoming boosted its holdings in shares of WEC Energy Group by 5.7% during the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares during the last quarter. Finally, Community Bank & Trust Waco Texas boosted its holdings in shares of WEC Energy Group by 5.1% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 96 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WEC has been the subject of several recent research reports. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial cut their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Stock Performance

NYSE:WEC opened at $106.69 on Wednesday. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two 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 company has a 50 day moving average price of $112.57 and a 200 day moving average price of $113.66. The stock has a market capitalization of $34.76 billion, a P/E ratio of 20.68, a PEG ratio of 1.86 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping 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 company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue 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. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 3.6%. WEC Energy Group’s dividend payout ratio is 73.84%.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

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.