Dearborn Partners LLC Takes $33.25 Million Position in WEC Energy Group, Inc. $WEC

Dearborn Partners LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 284,723 shares of the utilities provider’s stock, valued at approximately $33,247,000. WEC Energy Group comprises about 1.5% of Dearborn Partners LLC’s holdings, making the stock its 11th largest position. Dearborn Partners LLC owned approximately 0.09% of WEC Energy Group as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WEC. Godfrey Financial Associates Inc. acquired a new position in WEC Energy Group in the fourth quarter valued at $25,000. Torren Management LLC purchased a new stake in WEC Energy Group during the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group during the second quarter worth about $27,000. Physician Wealth Advisors Inc. increased its stake in WEC Energy Group by 113.9% during 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 during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the 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 $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Trading Down 1.1%

Shares of WEC opened at $106.29 on Friday. The stock’s 50-day moving average is $112.36 and its two-hundred day moving average is $113.59. The stock has a market cap of $34.64 billion, a PE ratio of 20.60, a P/E/G ratio of 1.86 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 debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue 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. Equities analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is currently 73.84%.

Analyst Ratings Changes

WEC has been the topic of several research analyst reports. Mizuho set a $124.00 price objective on WEC Energy Group in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp cut their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a research report on Tuesday, August 4th. Finally, BMO Capital Markets decreased their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. One research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.