WEC Energy Group, Inc. $WEC Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,525 shares of the utilities provider’s stock after buying an additional 7,838 shares during the period. Wealthfront Advisers LLC’s holdings in WEC Energy Group were worth $12,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pure Financial Advisors LLC grew its holdings in WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after buying an additional 86 shares in the last quarter. Inscription Capital LLC increased its position in WEC Energy Group by 4.7% in the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 91 shares during the period. Moors & Cabot Inc. raised its stake in WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares in the last quarter. Matrix Trust Co raised its stake in WEC Energy Group by 0.7% during the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock valued at $1,508,000 after acquiring an additional 95 shares in the last quarter. Finally, State of Wyoming boosted its position in WEC Energy Group by 5.7% during the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 95 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’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 sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $114.27 on Friday. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The firm has a market cap of $37.22 billion, a P/E ratio of 22.81, a PEG ratio of 2.72 and a beta of 0.47. The stock has a fifty day moving average price of $113.59 and a two-hundred day moving average price of $113.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is presently 76.05%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial upped their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Finally, Barclays raised their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. One 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 company’s stock. According to data from MarketBeat, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

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.