WEC Energy Group, Inc. $WEC Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in WEC Energy Group, Inc. by 50.2%, now holding over 50,000 shares valued at approximately $5.2 million.
• Goldman Sachs downgraded WEC Energy Group from a “neutral” to a “sell” rating, reducing the target price from $106 to $100, while UBS maintains a “neutral” rating” with a price objective of $107.
• WEC Energy Group recently reported earnings of $0.76 per share, exceeding estimates, with a quarterly revenue increase of 13.4% year-over-year, setting FY 2025 EPS guidance at 5.170-5.270.

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 50.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,021 shares of the utilities provider's stock after purchasing an additional 16,709 shares during the period. WEC Energy Group makes up about 0.7% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 28th largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in WEC Energy Group were worth $5,212,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in WEC. Truvestments Capital LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter worth $25,000. Nova Wealth Management Inc. purchased a new stake in shares of WEC Energy Group during the 1st quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter worth $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter worth $35,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WEC shares. The Goldman Sachs Group lowered shares of WEC Energy Group from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group set a $107.00 price objective on shares of WEC Energy Group and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $106.40.

Insider Buying and Selling

In other news, CEO Scott J. Lauber sold 9,231 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the transaction, the chief executive officer directly owned 56,443 shares in the company, valued at $6,258,399.84. This represents a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Anthony Reese sold 4,177 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the transaction, the vice president owned 1,757 shares in the company, valued at approximately $193,797.10. The trade was a 70.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,448 shares of company stock worth $7,581,132 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

WEC Energy Group Price Performance

NYSE:WEC opened at $110.52 on Friday. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.44. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company's 50-day moving average is $107.92 and its two-hundred day moving average is $106.84. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $111.90.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.05. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 14th were issued a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, August 14th. WEC Energy Group's dividend payout ratio is 68.39%.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

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