Benjamin Edwards Inc. Sells 66,588 Shares of WEC Energy Group, Inc. $WEC

Key Points

• Benjamin Edwards Inc. reduced its WEC Energy Group stake by 11.4%, selling 66,588 shares in the second quarter and retaining 517,902 shares valued at approximately $60.5 million. Institutional investors collectively own 77.2% of the company.
• WEC Energy Group reported quarterly EPS of $0.91, exceeding the $0.80 analyst consensus, while revenue rose 2.6% year over year to $2.06 billion. The company reaffirmed fiscal 2026 EPS guidance of $5.51–$5.61.
• The company declared a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 dividend and a 3.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $121.91, despite several recent target-price cuts.

Benjamin Edwards Inc. lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 517,902 shares of the utilities provider's stock after selling 66,588 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.16% of WEC Energy Group worth $60,481,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Flputnam Investment Management Co. raised its holdings in WEC Energy Group by 2.9% during the 2nd quarter. Flputnam Investment Management Co. now owns 21,392 shares of the utilities provider's stock valued at $2,498,000 after buying an additional 609 shares during the last quarter. Meiji Yasuda Life Insurance Co bought a new stake in WEC Energy Group in the 2nd quarter worth $370,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of WEC Energy Group by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider's stock valued at $192,007,000 after acquiring an additional 78,168 shares during the period. New Mexico Educational Retirement Board increased its position in shares of WEC Energy Group by 8.0% in the second quarter. New Mexico Educational Retirement Board now owns 16,153 shares of the utilities provider's stock valued at $1,886,000 after acquiring an additional 1,200 shares during the period. Finally, Mufg Securities Americas Inc. raised its stake in shares of WEC Energy Group by 8.9% during the second quarter. Mufg Securities Americas Inc. now owns 9,811 shares of the utilities provider's stock valued at $1,146,000 after acquiring an additional 805 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $106.15 on Friday. The company's fifty day moving average price is $112.23 and its 200-day moving average price is $113.54. The stock has a market cap of $34.59 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its 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 net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business's revenue for the quarter 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, equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. LADENBURG THALM/SH SH lowered shares of 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. BMO Capital Markets lowered their price target on 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. Mizuho set a $124.00 price objective on WEC Energy Group in a research report on Wednesday, May 6th. Truist Financial reduced their target price on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.91.

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 stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares of the company's stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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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