19,331 Shares in WEC Energy Group, Inc. $WEC Purchased by Inceptionr LLC

Inceptionr LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 1st quarter, Holdings Channel.com reports. The firm bought 19,331 shares of the utilities provider’s stock, valued at approximately $2,238,000. WEC Energy Group comprises 0.5% of Inceptionr LLC’s portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 2,417 shares during the last quarter. Woodline Partners LP boosted its position in shares of WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after buying an additional 7,841 shares in the last quarter. Cerity Partners LLC boosted its position in shares of WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after buying an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in WEC Energy Group by 477.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after acquiring an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in WEC Energy Group by 8.8% during the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after acquiring an additional 4,730 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $114.65 on Friday. The company has a 50-day simple moving average of $113.69 and a 200-day simple moving average of $113.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market cap of $37.35 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.96 and a beta of 0.47. 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 announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly revenue 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. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current 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 issued a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WEC shares. Truist Financial upped their price target on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Mizuho set a $124.00 price objective on WEC Energy Group in a research report on Wednesday, May 6th. Wells Fargo & Company reaffirmed 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, Barclays increased their target price on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.20.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

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.