B. Metzler seel. Sohn & Co. AG Lowers Position in WEC Energy Group, Inc. $WEC

B. Metzler seel. Sohn & Co. AG lessened its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,178 shares of the utilities provider's stock after selling 11,667 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in WEC Energy Group were worth $16,018,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WEC. Whittier Trust Co. of Nevada Inc. boosted its holdings in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock worth $28,000 after acquiring an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter worth $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the second quarter valued at about $27,000. Finally, Compass Financial Management LLC bought a new position in shares of WEC Energy Group during the second quarter valued at about $29,000. Hedge funds and other 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 the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company's stock, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company's stock.

WEC Energy Group Stock Down 0.4%

WEC opened at $105.80 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The stock has a market cap of $34.48 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.19 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company's 50-day moving average price is $111.74 and its two-hundred day moving average price is $113.40.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. WEC Energy Group'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. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a dividend of $0.9525 per share. The ex-dividend date was Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. WEC Energy Group's dividend payout ratio is presently 73.84%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Truist Financial dropped their target price on shares of 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. Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH lowered WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price for the company. in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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