Corient Private Wealth LP Raises Stake in WEC Energy Group, Inc. $WEC

Key Points

• Corient Private Wealth increased its WEC Energy Group stake by 68% in the second quarter, ending with 189,670 shares valued at approximately $22.1 million. Institutional investors collectively own 77.2% of the company.
• WEC reported quarterly earnings of $0.91 per share, beating estimates of $0.80, 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 stock opened at $105.09, below its 50-day and 200-day moving averages. WEC pays an annualized dividend of $3.81 per share, yielding about 3.6%, and analysts maintain a “Moderate Buy” consensus with an average price target of $121.91.

Corient Private Wealth LP increased its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 68.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 189,670 shares of the utilities provider's stock after buying an additional 76,784 shares during the period. Corient Private Wealth LP owned about 0.06% of WEC Energy Group worth $22,148,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WEC. California State Teachers Retirement System boosted its holdings in shares of WEC Energy Group by 11,738.1% in the 2nd quarter. California State Teachers Retirement System now owns 44,289,343 shares of the utilities provider's stock worth $5,171,667,000 after purchasing an additional 43,915,218 shares during the period. Geode Capital Management LLC grew its holdings in WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock worth $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Franklin Resources Inc. increased its holdings in WEC Energy Group by 175.0% during 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 during the period. Legal & General Group Plc purchased a new position in shares of WEC Energy Group in the 2nd quarter valued at $299,100,000. Finally, PNC Financial Services Group Inc. grew its stake in WEC Energy Group by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider's stock valued at $297,646,000 after purchasing an additional 7,206 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Down 0.2%

NYSE WEC opened at $105.09 on Tuesday. 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 firm has a market cap of $34.24 billion, a PE ratio of 20.37, a P/E/G ratio of 2.17 and a beta of 0.47. The business's fifty day simple moving average is $109.86 and its 200-day simple moving average is $112.88. 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 posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

Analysts Set New Price Targets

WEC has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. KeyCorp dropped their price objective on shares of WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings raised WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 8th. Truist Financial cut their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective for the company. in a research report on Tuesday, August 4th. One investment 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. According to MarketBeat, WEC Energy Group presently has an average rating of "Moderate Buy" and an average target price of $121.91.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares in the company, 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. 0.46% of the stock is owned by company insiders.

WEC Energy Group Profile

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.

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