Energy Income Partners LLC Invests $97.56 Million in WEC Energy Group, Inc. $WEC

Energy Income Partners LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 835,526 shares of the utilities provider’s stock, valued at approximately $97,564,000. WEC Energy Group comprises approximately 1.5% of Energy Income Partners LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at $904,000. Harborfront Financial Group LLC bought a new stake in shares of WEC Energy Group during the second quarter worth $40,000. Citizens Financial Group Inc. RI bought a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $1,483,000. Aegis Wealth Management LLC bought a new position in shares of WEC Energy Group during the second quarter valued at approximately $381,000. Finally, UNIVEST FINANCIAL Corp purchased a new stake in shares of WEC Energy Group during the 2nd quarter worth $1,605,000. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group 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 sale, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. Truist Financial reduced their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Price Performance

WEC stock opened at $111.16 on Wednesday. The company has a market capitalization of $36.22 billion, a PE ratio of 21.54, a P/E/G ratio of 1.91 and a beta of 0.47. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average price is $113.19 and its 200 day moving average price is $113.78.

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

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given 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 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.