EP Wealth Advisors LLC Takes Position in WEC Energy Group, Inc. $WEC

EP Wealth Advisors LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 10,935 shares of the utilities provider's stock, valued at approximately $1,277,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WEC. Heartland Bank & Trust Co bought a new position in WEC Energy Group during the second quarter worth about $551,000. Pinnacle West Asset Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $294,000. Ieq Capital LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $256,000. Callan Family Office LLC bought a new position in shares of WEC Energy Group during the 2nd quarter worth approximately $967,000. Finally, Expressive Wealth LLC acquired a new stake in WEC Energy Group in the 2nd quarter valued at $322,000. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

Shares of WEC stock opened at $106.33 on Monday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The stock has a market capitalization of $34.65 billion, a PE ratio of 20.61, a PEG ratio of 1.83 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock's fifty day moving average is $112.86 and its 200-day moving average is $113.74.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research 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 paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend 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 Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction on 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 sale, the director directly owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on WEC. Wall Street Zen lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. Truist Financial reduced their target price 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. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. LADENBURG THALM/SH SH cut 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 research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. One 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.91.

WEC Energy Group Profile

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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