Flputnam Investment Management Co. Buys New Stake in WEC Energy Group, Inc. $WEC

Key Points

• Flputnam Investment Management purchased 21,392 shares of WEC Energy Group during the second quarter, worth approximately $2.5 million. Institutional investors and hedge funds collectively own 77.2% of the company.
• WEC reported quarterly EPS of $0.91, exceeding the $0.80 consensus estimate, while revenue reached $2.06 billion and increased 2.6% year over year. The company maintained fiscal 2026 EPS guidance of $5.51–$5.61.
• WEC declared a quarterly dividend of $0.9525, equivalent to $3.81 annually and a 3.4% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $121.91, while one director recently sold 980 shares.

Flputnam Investment Management Co. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,392 shares of the utilities provider's stock, valued at approximately $2,498,000.

A number of other large investors also recently modified their holdings of WEC. Pure Financial Advisors LLC grew its position in WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider's stock worth $245,000 after purchasing an additional 86 shares during the last quarter. Inscription Capital LLC grew its position in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider's stock worth $215,000 after buying an additional 91 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider's stock worth $632,000 after purchasing an additional 93 shares in the last quarter. State of Wyoming increased its position in shares of WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider's stock valued at $184,000 after purchasing an additional 95 shares during the period. Finally, Community Bank & Trust Waco Texas raised its stake in shares of WEC Energy Group by 5.1% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider's stock valued at $207,000 after purchasing an additional 96 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company's stock.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $110.48 on Tuesday. The business has a fifty day moving average of $113.23 and a 200-day moving average of $113.78. The firm has a market cap of $36.00 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.91 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. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91.

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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group'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 firm posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is currently 73.84%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WEC. Truist Financial dropped 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 research note on Thursday. BMO Capital Markets dropped their price target on shares of 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. Barclays raised their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. Mizuho set a $124.00 price objective on WEC Energy Group in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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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