N.E.W. Advisory Services LLC Makes New $4.94 Million Investment in WEC Energy Group, Inc. $WEC

N.E.W. Advisory Services LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, HoldingsChannel reports. The fund bought 42,320 shares of the utilities provider’s stock, valued at approximately $4,942,000. WEC Energy Group makes up 0.3% of N.E.W. Advisory Services LLC’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Pure Financial Advisors LLC grew its stake in WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 86 shares in the last quarter. Inscription Capital LLC boosted its position in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 91 shares during the last quarter. Moors & Cabot Inc. increased its position in WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. State of Wyoming grew its stake in shares of WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after buying an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in WEC Energy Group by 5.1% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 96 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WEC shares. LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a research report on Tuesday, August 4th. Barclays raised 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. BMO Capital Markets cut their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Truist Financial dropped their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Stock Up 0.0%

Shares of NYSE WEC opened at $110.53 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a market cap of $36.02 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.47. The firm’s 50-day simple moving average is $113.24 and its 200 day simple moving average is $113.78. 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 posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is 73.84%.

Insider Activity

In other 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 transaction of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by corporate 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.