WEC Energy Group, Inc. $WEC Shares Bought by Annex Advisory Services LLC

Key Points

• Annex Advisory Services increased its WEC Energy Group stake by 8.6% in the second quarter, bringing its holdings to 121,431 shares valued at approximately $14.2 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 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, equivalent to a 3.6% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with a $122.41 target price, although some firms recently lowered ratings or price targets.

Annex Advisory Services LLC grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 8.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,431 shares of the utilities provider's stock after buying an additional 9,591 shares during the period. Annex Advisory Services LLC's holdings in WEC Energy Group were worth $14,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tema ETFs LLC raised its position in shares of WEC Energy Group by 8.3% during the 2nd quarter. Tema ETFs LLC now owns 5,657 shares of the utilities provider's stock worth $661,000 after acquiring an additional 435 shares in the last quarter. Fulton Bank N.A. lifted its stake in WEC Energy Group by 16.4% during the second quarter. Fulton Bank N.A. now owns 24,135 shares of the utilities provider's stock worth $2,818,000 after purchasing an additional 3,408 shares during the last quarter. First Bank & Trust boosted its holdings in WEC Energy Group by 8.4% in the second quarter. First Bank & Trust now owns 11,314 shares of the utilities provider's stock valued at $1,321,000 after purchasing an additional 880 shares in the last quarter. Friday Financial acquired a new position in WEC Energy Group in the second quarter valued at approximately $229,000. Finally, Sapient Capital LLC increased its stake in WEC Energy Group by 61.0% in the second quarter. Sapient Capital LLC now owns 3,679 shares of the utilities provider's stock valued at $430,000 after purchasing an additional 1,394 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Up 0.5%

WEC stock opened at $106.61 on Wednesday. The company has a market cap of $34.74 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47. The company has a fifty day moving average price of $113.33 and a 200 day moving average price of $113.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. 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 (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $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 expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group's payout ratio is 73.84%.

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 price objective on the stock. in a report on Tuesday, August 4th. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. BMO Capital Markets dropped their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. KeyCorp dropped their target price 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. Finally, Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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