WEC Energy Group, Inc. $WEC Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in WEC Energy Group by 0.3% during the first quarter, owning 1,183,426 shares worth approximately $128.96 million.
• WEC Energy Group recently reported a quarterly earnings per share (EPS) of $0.76, surpassing analysts' expectations of $0.71, and also announced a quarterly dividend of $0.8925 per share.
• Analysts have varied ratings for WEC Energy Group, with the average rating at "Hold" and a consensus price target of $106.40, alongside notable downgrades from firms like Goldman Sachs.

Dimensional Fund Advisors LP grew its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,426 shares of the utilities provider's stock after buying an additional 3,975 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of WEC Energy Group worth $128,957,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of WEC Energy Group in the first quarter valued at approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group in the first quarter valued at approximately $32,000. Golden State Wealth Management LLC increased its position in shares of WEC Energy Group by 252.6% in the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock valued at $37,000 after buying an additional 245 shares in the last quarter. Creekmur Asset Management LLC increased its position in shares of WEC Energy Group by 2,420.0% in the first quarter. Creekmur Asset Management LLC now owns 378 shares of the utilities provider's stock valued at $41,000 after buying an additional 363 shares in the last quarter. Finally, Stephens Consulting LLC increased its position in shares of WEC Energy Group by 138.6% in the first quarter. Stephens Consulting LLC now owns 544 shares of the utilities provider's stock valued at $59,000 after buying an additional 316 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, CEO Scott J. Lauber sold 9,231 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the completion of the transaction, the chief executive officer directly owned 56,443 shares in the company, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Molly A. Mulroy sold 4,030 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.33, for a total value of $444,629.90. Following the transaction, the executive vice president owned 5,829 shares of the company's stock, valued at approximately $643,113.57. This represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,448 shares of company stock worth $7,581,132. Insiders own 0.50% of the company's stock.

WEC Energy Group Trading Up 0.4%

NYSE WEC traded up $0.48 on Wednesday, reaching $107.64. 1,868,379 shares of the company were exchanged, compared to its average volume of 2,318,770. The stock has a market capitalization of $34.65 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a fifty-two week low of $91.89 and a fifty-two week high of $111.90. The business's fifty day moving average price is $107.08 and its 200 day moving average price is $106.48.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company's revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.8925 per share. The ex-dividend date is Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group's dividend payout ratio is currently 68.39%.

Wall Street Analyst Weigh In

WEC has been the subject of a number of recent analyst reports. Barclays boosted their price objective on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Wall Street Zen cut WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. UBS Group set a $107.00 price target on WEC Energy Group and gave the stock a "neutral" rating in a research report on Friday, July 11th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group cut WEC Energy Group from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of "Hold" and an average target price of $106.40.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.