S&CO Inc. Takes $4.75 Million Position in WEC Energy Group, Inc. $WEC

S&CO Inc. acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, Holdings Channel reports. The firm acquired 40,672 shares of the utilities provider’s stock, valued at approximately $4,749,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WEC. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the 4th quarter worth $25,000. Torren Management LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth $27,000. Physician Wealth Advisors Inc. increased its stake in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Up 0.2%

WEC opened at $110.53 on Friday. The stock has a market cap of $36.02 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.47. 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 firm’s fifty day moving average is $113.24 and its 200 day moving average is $113.75. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 73.84%.

Analyst Upgrades and Downgrades

WEC has been the topic of several analyst reports. Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. BMO Capital Markets decreased 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. KeyCorp lowered their price objective 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. Truist Financial cut their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.91.

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.