Empowered Funds LLC Invests $3.55 Million in WEC Energy Group, Inc. $WEC

Key Points

• Empowered Funds LLC acquired 30,428 WEC shares worth approximately $3.55 million in the second quarter, while institutional investors collectively own 77.2% of the company.
• WEC reported quarterly EPS of $0.91, beating estimates of $0.80, while revenue reached $2.06 billion and rose 2.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $5.51–$5.61.
• WEC pays an annualized dividend of $3.81 per share, yielding 3.6%; analysts maintain a “Moderate Buy” consensus with an average price target of $121.91 versus a recent share price of $106.14.

Empowered Funds LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,428 shares of the utilities provider's stock, valued at approximately $3,553,000.

Several other hedge funds have also modified their holdings of WEC. Annex Advisory Services LLC grew its stake in WEC Energy Group by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider's stock valued at $14,179,000 after purchasing an additional 9,591 shares in the last quarter. North Dakota State Investment Board purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $1,155,000. Sterling Capital Management LLC raised its position in shares of WEC Energy Group by 106.3% in the 1st quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider's stock valued at $5,099,000 after purchasing an additional 22,697 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of WEC Energy Group by 9.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider's stock valued at $74,356,000 after purchasing an additional 62,243 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of WEC Energy Group by 377.5% during the 4th quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider's stock valued at $1,652,000 after buying an additional 12,385 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $106.14 on Wednesday. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47. The business has a 50 day simple moving average of $111.94 and a 200-day simple moving average of $113.46.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 73.84%.

Insider Activity at WEC Energy Group

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. Company insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WEC shares. LADENBURG THALM/SH SH downgraded 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 research report on Tuesday, August 4th. Truist Financial reduced their price objective on shares of 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. 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 report on Wednesday, July 22nd. Weiss Ratings downgraded shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to data from 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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