Beacon Pointe Advisors LLC Makes New $3.20 Million Investment in WEC Energy Group, Inc. $WEC

Key Points

• Beacon Pointe Advisors acquired 27,409 shares of WEC Energy Group worth approximately $3.20 million in the second quarter. Institutional investors collectively own 77.20% of the utility company.
• WEC reported quarterly EPS of $0.91, surpassing the $0.80 analyst consensus, while revenue rose 2.6% year over year to $2.06 billion. The company maintained fiscal 2026 EPS guidance of $5.51–$5.61.
• WEC announced a quarterly dividend of $0.9525 per share, equal to $3.81 annually and a 3.6% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $121.91, compared with a recent price of $106.15.

Beacon Pointe Advisors LLC acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,409 shares of the utilities provider's stock, valued at approximately $3,201,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in WEC Energy Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock worth $928,653,000 after purchasing an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of WEC Energy Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider's stock worth $562,826,000 after purchasing an additional 52,467 shares in the last quarter. Northern Trust Corp boosted its position in shares of WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider's stock worth $383,995,000 after buying an additional 48,903 shares during the period. Franklin Resources Inc. grew its stake in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider's stock valued at $354,093,000 after buying an additional 2,136,542 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of WEC Energy Group by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider's stock valued at $297,646,000 after buying an additional 7,206 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Trading Down 0.1%

NYSE:WEC opened at $106.15 on Friday. The company has a market cap of $34.59 billion, a PE ratio of 20.57, a P/E/G ratio of 1.84 and a beta of 0.47. The business's 50 day moving average is $112.23 and its two-hundred day moving average is $113.54. 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, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.76 EPS. The business's quarterly 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 predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced 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 dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group's dividend payout ratio is 73.84%.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated 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 transaction, the director directly 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 SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price target for the company. in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Saturday. 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 report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, WEC Energy Group has an average rating of "Moderate Buy" and an average price target 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.

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