Assetmark Inc. Buys 25,640 Shares of WEC Energy Group, Inc. $WEC

Assetmark Inc. increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,708 shares of the utilities provider’s stock after buying an additional 25,640 shares during the quarter. Assetmark Inc.’s holdings in WEC Energy Group were worth $23,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC raised its position in WEC Energy Group by 1.6% in the first quarter. Clearstead Trust LLC now owns 18,510 shares of the utilities provider’s stock worth $2,143,000 after acquiring an additional 296 shares during the period. Bessemer Group Inc. raised its stake in WEC Energy Group by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 1,148,527 shares of the utilities provider’s stock valued at $132,965,000 after acquiring an additional 18,516 shares during the period. Allspring Global Investments Holdings LLC boosted its position in WEC Energy Group by 5.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 151,575 shares of the utilities provider’s stock worth $17,608,000 after purchasing an additional 7,333 shares during the period. Independent Financial Group LLC bought a new stake in shares of WEC Energy Group in the first quarter valued at approximately $355,000. Finally, Enterprise Financial Services Corp purchased a new stake in shares of WEC Energy Group during the 1st quarter valued at approximately $210,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

WEC Energy Group Trading Down 1.0%

Shares of NYSE WEC opened at $113.36 on Friday. The stock has a market capitalization of $36.93 billion, a P/E ratio of 22.63, a PEG ratio of 2.72 and a beta of 0.47. The business’s 50 day moving average is $113.63 and its two-hundred day moving average is $113.22. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. 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 (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating 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 firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm posted $2.27 EPS. WEC Energy Group’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced 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. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. Barclays increased their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, JPMorgan Chase & Co. boosted their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

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.