Reaves W H & Co. Inc. Acquires Shares of 236,000 WEC Energy Group, Inc. $WEC

Reaves W H & Co. Inc. bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 236,000 shares of the utilities provider’s stock, valued at approximately $27,043,000. Reaves W H & Co. Inc. owned approximately 0.07% of WEC Energy Group as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CVA Family Office LLC boosted its holdings in WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares during the last quarter. Blossom Wealth Management lifted its position in shares of WEC Energy Group by 1.4% in the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 90 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of WEC Energy Group by 1.6% in the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 92 shares in the last quarter. MTM Investment Management LLC boosted its stake in shares of WEC Energy Group by 3.6% in the second quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 95 shares during the last quarter. Finally, State of Wyoming increased its position in shares of WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $111.32 on Tuesday. The firm has a 50 day simple moving average of $107.11 and a 200-day simple moving average of $109.74. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 2.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. WEC Energy Group, Inc. has a 1-year low of $99.89 and a 1-year high of $118.18.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the company earned $1.43 EPS. The company’s quarterly revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a dividend of $0.9525 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 13th. WEC Energy Group’s dividend payout ratio is currently 73.91%.

Wall Street Analyst Weigh In

WEC has been the subject of several recent research reports. KeyCorp reissued an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a report on Friday, January 30th. Finally, Mizuho boosted their target price on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $120.13.

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.