Jefferies Financial Group Inc. Acquires New Holdings in WEC Energy Group, Inc. $WEC

Jefferies Financial Group Inc. acquired a new position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,920 shares of the utilities provider's stock, valued at approximately $3,611,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEC. Annex Advisory Services LLC raised its position in shares of 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 acquiring an additional 9,591 shares in the last quarter. North Dakota State Investment Board bought a new position in WEC Energy Group during the fourth quarter worth $1,155,000. Sterling Capital Management LLC boosted its holdings in WEC Energy Group by 106.3% in the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider's stock worth $5,099,000 after purchasing an additional 22,697 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in WEC Energy Group by 9.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider's stock worth $74,356,000 after purchasing an additional 62,243 shares during the period. Finally, GSA Capital Partners LLP increased its stake in WEC Energy Group by 377.5% during the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider's stock valued at $1,652,000 after purchasing an additional 12,385 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm's 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 in the company, valued at $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company's stock.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $106.15 on Friday. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The stock has a fifty day moving average of $112.23 and a 200-day moving average of $113.54. The company has a market capitalization of $34.59 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.84 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 (NYSE:WEC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company's quarterly revenue was up 2.6% on a year-over-year basis. 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 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group's dividend payout ratio is currently 73.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WEC. KeyCorp reduced their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective on the stock. in a research note on Tuesday, August 4th. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets lowered their target price on 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. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday, May 6th. One equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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