Wealth Enhancement Advisory Services LLC Cuts Holdings in WEC Energy Group, Inc. $WEC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its WEC Energy Group holdings by 11.5% in the second quarter, selling 20,022 shares and retaining 154,525 shares valued at approximately $17.8 million. Institutional investors collectively own 77.2% of the company.
• WEC Energy Group reported quarterly EPS of $0.91, beating estimates of $0.80, while revenue rose 2.6% year over year to $2.06 billion. The company reaffirmed fiscal 2026 EPS guidance of $5.51–$5.61.
• The company declared a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 dividend and a 3.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $122.41.

Wealth Enhancement Advisory Services LLC lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,525 shares of the utilities provider's stock after selling 20,022 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in WEC Energy Group were worth $17,764,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Godfrey Financial Associates Inc. bought a new stake in WEC Energy Group during the fourth quarter worth $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter valued at $27,000. Physician Wealth Advisors Inc. increased its position in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 214 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $108.96 on Thursday. The company has a 50-day moving average price of $113.31 and a 200-day moving average price of $113.76. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 0.47. 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 issued its quarterly earnings data 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. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.76 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. 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 year.

WEC Energy Group Announces Dividend

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 given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group's payout ratio is presently 73.84%.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company's stock, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 980 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEC. 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 on the stock. in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Truist Financial boosted their target price on WEC Energy Group from $119.00 to $122.00 and gave the stock a "hold" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target 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, Wells Fargo & Company reissued an "overweight" rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.41.

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.

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source