TD Waterhouse Canada Inc. Sells 11,553 Shares of WEC Energy Group, Inc. $WEC

TD Waterhouse Canada Inc. reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 46.5% during the second quarter, Holdings Channel reports. The firm owned 13,287 shares of the utilities provider’s stock after selling 11,553 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in WEC Energy Group were worth $1,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WEC. Annex Advisory Services LLC grew its holdings in WEC Energy Group by 8.6% in the second quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock worth $14,179,000 after purchasing an additional 9,591 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of WEC Energy Group by 377.5% during the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock valued at $1,652,000 after purchasing an additional 12,385 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of WEC Energy Group by 106.3% during the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock valued at $5,099,000 after purchasing an additional 22,697 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $1,155,000. Finally, DAVENPORT & Co LLC boosted its position in shares of WEC Energy Group by 15.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider’s stock worth $11,260,000 after purchasing an additional 12,773 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

WEC stock opened at $107.14 on Wednesday. The stock’s 50 day simple moving average is $110.82 and its 200 day simple moving average is $113.15. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The stock has a market capitalization of $34.91 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its 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 business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company earned $0.76 EPS. The company’s quarterly 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. As a group, research 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 was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction dated 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research report on Tuesday, August 4th. BMO Capital Markets dropped their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Truist Financial dropped their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

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.