30,428 Shares in WEC Energy Group, Inc. $WEC Bought by Empowered Funds LLC

Empowered Funds LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,428 shares of the utilities provider’s stock, valued at approximately $3,553,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC lifted its position in WEC Energy Group by 8.6% in the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock valued at $14,179,000 after purchasing an additional 9,591 shares during the last quarter. North Dakota State Investment Board bought a new position in WEC Energy Group in the 4th quarter worth about $1,155,000. Sterling Capital Management LLC grew its position in WEC Energy Group by 106.3% in the 1st quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock worth $5,099,000 after purchasing an additional 22,697 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of WEC Energy Group by 9.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider’s stock valued at $74,356,000 after purchasing an additional 62,243 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of WEC Energy Group by 377.5% in the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock valued at $1,652,000 after purchasing an additional 12,385 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction on 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 directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 0.0%

WEC stock opened at $106.14 on Wednesday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47. The firm’s 50-day moving average is $111.94 and its two-hundred day moving average is $113.46. 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 (NYSE:WEC) last posted its quarterly earnings data 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. 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 analysts’ expectations of $2.11 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Wall Street Analysts Forecast Growth

WEC has been the subject of several analyst reports. Truist Financial reduced their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. BMO Capital Markets reduced their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Company 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.