Beverly Hills Private Wealth LLC Makes New Investment in WEC Energy Group, Inc. $WEC

Beverly Hills Private Wealth LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,294 shares of the utilities provider’s stock, valued at approximately $618,000.

A number of other institutional investors have also added to or reduced their stakes in WEC. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group during the 4th quarter valued at approximately $25,000. Torren Management LLC purchased a new position in WEC Energy Group during the fourth quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the second quarter worth $27,000. Physician Wealth Advisors Inc. boosted its holdings in WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of WEC Energy Group by 972.7% in the first 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. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

NYSE WEC opened at $110.53 on Monday. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The stock has a 50-day moving average of $113.24 and a 200 day moving average of $113.78. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The company has a market capitalization of $36.02 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.91 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. 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, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

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

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction that occurred 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. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised 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. Barclays upped their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. Finally, KeyCorp dropped their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. 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 company. According to data from MarketBeat, WEC Energy Group presently has a consensus 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.