D.A. Davidson & CO. Boosts Holdings in WEC Energy Group, Inc. $WEC

D.A. Davidson & CO. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 39.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,061 shares of the utilities provider’s stock after purchasing an additional 6,522 shares during the quarter. D.A. Davidson & CO.’s holdings in WEC Energy Group were worth $2,643,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WEC. Nova Wealth Management Inc. bought a new position in shares of WEC Energy Group in the first quarter worth approximately $26,000. Bayforest Capital Ltd purchased a new position in WEC Energy Group in the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in WEC Energy Group in the 2nd quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter worth $27,000. Finally, New England Capital Financial Advisors LLC lifted its holdings in shares of WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WEC shares. BMO Capital Markets lifted their price objective on WEC Energy Group from $114.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, October 21st. KeyCorp reduced their price target on shares of WEC Energy Group from $123.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Bank of America lowered their price objective on shares of WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 31st. TD Cowen began coverage on shares of WEC Energy Group in a report on Thursday, October 16th. They issued a “hold” rating and a $125.00 target price on the stock. Finally, Scotiabank boosted their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $120.64.

WEC Energy Group Trading Up 0.2%

Shares of WEC stock opened at $105.23 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.50 and a quick ratio of 0.33. The company has a market cap of $34.23 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.48 and a beta of 0.58. WEC Energy Group, Inc. has a 1 year low of $92.85 and a 1 year high of $118.18. The firm has a fifty day moving average price of $108.04 and a 200-day moving average price of $109.10.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The company had revenue of $2.28 billion for the quarter. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be paid a dividend of $0.9525 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. WEC Energy Group’s dividend payout ratio is presently 67.49%.

WEC Energy Group 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.