W1M Asset Management Ltd Invests $61.55 Million in WEC Energy Group, Inc. $WEC

Key Points

• W1M Asset Management acquired 527,164 WEC Energy Group shares worth approximately $61.55 million, representing about 0.16% of the company. Institutional investors collectively own 77.20% of WEC.
• Analyst sentiment remains cautiously positive: WEC has an average “Moderate Buy” rating and a consensus price target of $121.91, although several firms recently downgraded the stock or lowered price targets.
• WEC reported quarterly EPS of $0.91, exceeding the $0.80 consensus estimate, while revenue reached $2.06 billion. The company also declared a quarterly dividend of $0.9525 per share, equal to a 3.6% annualized yield.

W1M Asset Management Ltd bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 527,164 shares of the utilities provider's stock, valued at approximately $61,549,000. W1M Asset Management Ltd owned about 0.16% of WEC Energy Group at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Madison Wealth Partners Inc acquired a new stake in WEC Energy Group in the 2nd quarter valued at $348,000. Westpac Banking Corp acquired a new position in shares of WEC Energy Group during the 2nd quarter worth about $837,000. Sumitomo Life Insurance Co. bought a new position in shares of WEC Energy Group in the 2nd quarter valued at about $1,239,000. Korea Investment CORP bought a new position in shares of WEC Energy Group in the 2nd quarter valued at about $9,591,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group in the second quarter valued at about $1,277,000. Institutional investors own 77.20% of the company's stock.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WEC shares. Weiss Ratings lowered WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. Truist Financial decreased their price target on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Wall Street Zen lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Sunday, May 24th. LADENBURG THALM/SH SH cut 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. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.91.

WEC Energy Group Stock Down 2.0%

Shares of WEC stock opened at $106.33 on Friday. 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 cap of $34.65 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.83 and a beta of 0.47. The firm's 50-day moving average is $112.86 and its 200-day moving average is $113.71. 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 posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS 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 analysts' expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. 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 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently announced 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 is Friday, August 14th. WEC Energy Group's payout ratio is currently 73.84%.

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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