106,543 Shares in WEC Energy Group, Inc. $WEC Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, HoldingsChannel reports. The institutional investor bought 106,543 shares of the utilities provider’s stock, valued at approximately $12,441,000.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of WEC Energy Group in the 4th quarter worth $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter worth $26,000. Physician Wealth Advisors Inc. raised its holdings in 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 purchasing an additional 131 shares during the period. Finally, Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter worth $27,000. 77.20% of the stock is currently owned by institutional investors.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $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 is available at the SEC website. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

WEC has been the subject of several recent research reports. KeyCorp cut their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on 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, Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group Trading Up 0.6%

WEC Energy Group stock opened at $111.16 on Wednesday. The stock has a market cap of $36.22 billion, a P/E ratio of 21.54, a PEG ratio of 1.91 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The firm’s 50 day moving average price is $113.19 and its 200-day moving average price is $113.78.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 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 net margin of 16.69% and a return on equity of 12.90%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

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.