WEC Energy Group, Inc. $WEC Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 23.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,467 shares of the utilities provider’s stock after purchasing an additional 6,149 shares during the period. D.A. Davidson & CO.’s holdings in WEC Energy Group were worth $3,759,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its holdings in WEC Energy Group by 26.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 529,319 shares of the utilities provider’s stock worth $55,822,000 after acquiring an additional 109,745 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of WEC Energy Group in the 4th quarter worth about $5,363,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of WEC Energy Group by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 10,606 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of WEC Energy Group by 195.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after purchasing an additional 318,846 shares in the last quarter. Finally, Country Trust Bank lifted its position in shares of WEC Energy Group by 6.3% during the fourth quarter. Country Trust Bank now owns 255,685 shares of the utilities provider’s stock worth $26,965,000 after purchasing an additional 15,182 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Up 0.0%

NYSE WEC opened at $113.36 on Monday. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The company has a 50-day simple moving average of $113.63 and a 200-day simple moving average of $113.27. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The firm has a market capitalization of $36.93 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data 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 firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. WEC Energy Group’s quarterly 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. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of research reports. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Truist Financial upped their price objective on WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. boosted their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and an average target price of $124.07.

About WEC Energy Group

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.