Waterway Wealth Management LLC Acquires New Holdings in WEC Energy Group, Inc. $WEC

Waterway Wealth Management LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,375 shares of the utilities provider’s stock, valued at approximately $778,000.

Other institutional investors also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new stake in WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group in the 2nd quarter valued at $27,000. Harbor Investment Advisory LLC boosted its stake in WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 264 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $114.63 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The stock has a 50 day moving average of $113.63 and a 200-day moving average of $111.72. The company has a market capitalization of $37.34 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.74 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $2.27 EPS. The firm’s revenue for the quarter was up 9.0% 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, equities research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp boosted their price objective on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Truist Financial dropped their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays boosted their target price on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.13.

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.