NewEdge Wealth LLC Acquires New Holdings in WEC Energy Group, Inc. $WEC

Key Points

• NewEdge Wealth acquired 14,571 shares of WEC Energy Group during the second quarter, worth approximately $1.7 million. Institutional investors collectively own 77.2% of the company.
• WEC reported quarterly EPS of $0.91, beating analyst estimates of $0.80, while revenue rose 2.6% year over year to $2.06 billion. The company set fiscal 2026 EPS guidance at $5.51–$5.61.
• WEC declared a quarterly dividend of $0.9525 per share, or $3.81 annualized, representing a 3.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $121.91.

NewEdge Wealth LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,571 shares of the utilities provider's stock, valued at approximately $1,701,000.

Several other hedge funds also recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider's stock valued at $1,820,000 after purchasing an additional 2,417 shares during the last quarter. Woodline Partners LP boosted its position in shares of WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider's stock worth $2,925,000 after buying an additional 7,841 shares during the period. Cerity Partners LLC boosted its position in shares of WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider's stock worth $4,616,000 after buying an additional 3,006 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider's stock valued at $34,756,000 after buying an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of WEC Energy Group by 8.8% in the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider's stock valued at $6,082,000 after buying an additional 4,730 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $106.33 on Friday. The company has a market cap of $34.65 billion, a P/E ratio of 20.61, a PEG ratio of 1.88 and a beta of 0.47. The firm has a fifty day moving average price of $112.86 and a 200 day moving average price of $113.71. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.76 EPS. WEC Energy Group's revenue for the quarter 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. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given 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 is Friday, August 14th. WEC Energy Group's payout ratio is currently 73.84%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company's stock in a transaction on 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 owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WEC. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. Weiss Ratings cut shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Finally, BMO Capital Markets decreased 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. One research 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 stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of "Moderate Buy" and a consensus target price of $121.91.

WEC Energy Group Company 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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