WEC Energy Group, Inc. $WEC Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 22.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,821 shares of the utilities provider’s stock after acquiring an additional 10,872 shares during the quarter. Park Avenue Securities LLC’s holdings in WEC Energy Group were worth $6,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC raised its stake in WEC Energy Group by 32.3% during the second quarter. AlphaCore Capital LLC now owns 10,333 shares of the utilities provider’s stock worth $1,077,000 after purchasing an additional 2,525 shares during the period. Richmond Investment Services LLC increased its holdings in shares of WEC Energy Group by 92.8% during the 2nd quarter. Richmond Investment Services LLC now owns 11,773 shares of the utilities provider’s stock worth $1,227,000 after buying an additional 5,666 shares during the last quarter. Legal & General Group Plc raised its position in shares of WEC Energy Group by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 2,609,802 shares of the utilities provider’s stock worth $271,941,000 after buying an additional 162,963 shares during the period. Caldwell Trust Co acquired a new position in WEC Energy Group in the second quarter valued at $1,823,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in WEC Energy Group during the third quarter valued at about $2,979,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Scotiabank raised their price target on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 31st. LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Citigroup started coverage on shares of WEC Energy Group in a research report on Friday, October 3rd. They issued a “buy” rating and a $131.00 price objective for the company. Finally, Bank of America reduced their target price on shares of WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $120.64.

WEC Energy Group Trading Up 0.2%

NYSE WEC opened at $105.23 on Friday. The stock has a market cap of $34.23 billion, a P/E ratio of 19.89, a PEG ratio of 2.48 and a beta of 0.58. The company’s fifty day simple moving average is $108.04 and its 200-day simple moving average is $109.10. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. WEC Energy Group, Inc. has a 52 week low of $92.85 and a 52 week high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 billion for the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Equities research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a dividend of $0.9525 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group’s payout ratio is 72.02%.

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.