5,327 Shares in WEC Energy Group, Inc. $WEC Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,327 shares of the utilities provider’s stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after buying an additional 2,136,542 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares during the last quarter. Freestone Grove Partners LP grew its stake in shares of WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after acquiring an additional 618,550 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after purchasing an additional 592,028 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in WEC Energy Group by 603.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 414,028 shares of the utilities provider’s stock valued at $43,664,000 after purchasing an additional 355,144 shares during the period. Institutional investors own 77.20% of the company’s stock.

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 shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays upped their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Truist Financial increased their target price on WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a report on Thursday. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

WEC Energy Group Stock Down 1.0%

Shares of WEC stock opened at $113.36 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The company’s fifty day moving average price is $113.63 and its 200-day moving average price is $113.22. The company has a market capitalization of $36.93 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.75 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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 paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s payout ratio is presently 76.05%.

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.