Phillips Wealth Planners LLC Buys New Shares in WEC Energy Group, Inc. $WEC

Phillips Wealth Planners LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,100 shares of the utilities provider’s stock, valued at approximately $600,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in WEC Energy Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares during the period. Geode Capital Management LLC grew its holdings in shares of WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after purchasing an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after purchasing an additional 52,467 shares in the last quarter. Northern Trust Corp increased its position in shares of WEC Energy Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after purchasing an additional 48,903 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after purchasing an additional 2,136,542 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $110.48 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The business’s fifty day moving average price is $113.23 and its two-hundred day moving average price is $113.78. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.76 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Wall Street Analysts Forecast Growth

WEC has been the subject of several research reports. KeyCorp reduced their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets dropped their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.91.

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.