B. Metzler seel. Sohn & Co. AG acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 137,178 shares of the utilities provider's stock, valued at approximately $16,018,000.
Other hedge funds have also added to or reduced their stakes in the company. Pure Financial Advisors LLC boosted its holdings in shares of WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider's stock valued at $245,000 after purchasing an additional 86 shares in the last quarter. Inscription Capital LLC raised its stake in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider's stock worth $215,000 after acquiring an additional 91 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider's stock worth $632,000 after acquiring an additional 93 shares during the last quarter. State of Wyoming boosted its stake in shares of WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider's stock valued at $184,000 after purchasing an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas increased its position in WEC Energy Group by 5.1% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider's stock worth $207,000 after purchasing an additional 96 shares in the last quarter. 77.20% of the stock is owned by institutional investors.
Insider Transactions at WEC Energy Group
In related 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 value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company's stock.
WEC Energy Group Stock Down 0.9%
Shares of NYSE WEC opened at $108.40 on Friday. The firm has a market cap of $35.32 billion, a PE ratio of 21.01, a P/E/G ratio of 1.89 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's fifty day simple moving average is $113.00 and its 200 day simple moving average is $113.76. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.
WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results 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 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 period last year, the business posted $0.76 EPS. The firm'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. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group's payout ratio is currently 73.84%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. LADENBURG THALM/SH SH downgraded WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective for the company. in a research note on Tuesday, August 4th. 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 research report on Thursday, August 13th. Weiss Ratings cut WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. 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. Finally, Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.91.
Get Our Latest Report on WEC Energy Group
WEC Energy Group Profile
(
Free Report)
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.
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