685,202 Shares in WEC Energy Group, Inc. $WEC Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 685,202 shares of the utilities provider’s stock, valued at approximately $80,009,000.

Several other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in WEC Energy Group during the second quarter worth about $72,303,000. Ancora Advisors LLC purchased a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $70,000. PDT Partners LLC purchased a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $1,868,000. Canada Pension Plan Investment Board bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $33,464,000. Finally, Legal & General Group Plc bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $299,100,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $106.29 on Friday. The firm has a market capitalization of $34.64 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.86 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. The business’s 50-day moving average price is $112.36 and its 200-day moving average price is $113.59.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion during 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%.WEC Energy Group’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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 $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is presently 73.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WEC shares. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. KeyCorp dropped their target price on shares of 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. Truist Financial cut their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. BMO Capital Markets decreased their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. 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 issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

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.