NEOS Investment Management LLC Purchases 5,920 Shares of WEC Energy Group, Inc. $WEC

NEOS Investment Management LLC grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,443 shares of the utilities provider’s stock after acquiring an additional 5,920 shares during the quarter. NEOS Investment Management LLC’s holdings in WEC Energy Group were worth $6,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the fourth quarter valued at $25,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter worth approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings 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 acquiring an additional 131 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 214 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of WEC Energy Group during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WEC shares. JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Sunday. Truist Financial lowered their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. KeyCorp dropped their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings cut 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 given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.91.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $105.79 on Friday. The company’s fifty day moving average price is $111.27 and its 200-day moving average price is $113.28. The stock has a market cap of $34.47 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47. 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.

WEC Energy Group (NYSE:WEC) last issued 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. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

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.