NS Partners Ltd Cuts Stake in WEC Energy Group, Inc. $WEC

NS Partners Ltd lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,688 shares of the utilities provider’s stock after selling 12,827 shares during the period. WEC Energy Group makes up approximately 1.5% of NS Partners Ltd’s portfolio, making the stock its 20th largest position. NS Partners Ltd owned 0.09% of WEC Energy Group worth $35,812,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its position in shares of WEC Energy Group by 16.9% during the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after buying an additional 2,417 shares in the last quarter. Woodline Partners LP increased its position in shares of WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Cerity Partners LLC increased its position in shares of WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after purchasing an additional 3,006 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after purchasing an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of WEC Energy Group by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after purchasing an additional 4,730 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

NYSE WEC opened at $106.36 on Tuesday. 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 50 day moving average is $112.10 and its two-hundred day moving average is $113.51. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts expect 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. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. 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 73.84%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. BMO Capital Markets dropped their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. KeyCorp decreased their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped 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. Finally, Truist Financial cut their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. One 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 MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and a consensus target price of $121.91.

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.