IAG Wealth Partners LLC Buys 4,606 Shares of WEC Energy Group, Inc. $WEC

IAG Wealth Partners LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 75.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,680 shares of the utilities provider’s stock after buying an additional 4,606 shares during the quarter. IAG Wealth Partners LLC’s holdings in WEC Energy Group were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WEC. AE Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 4.9% in the third quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after buying an additional 7,970 shares during the last quarter. Baillie Gifford & Co. increased its holdings in WEC Energy Group by 53.0% during the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock valued at $15,053,000 after buying an additional 45,477 shares during the last quarter. Alley Investment Management Company LLC raised its position in WEC Energy Group by 36.5% in the third quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock worth $6,820,000 after acquiring an additional 15,926 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of WEC Energy Group by 13.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock worth $48,079,000 after acquiring an additional 49,905 shares during the last quarter. Finally, Associated Banc Corp grew its position in shares of WEC Energy Group by 64.0% during the 3rd quarter. Associated Banc Corp now owns 39,328 shares of the utilities provider’s stock valued at $4,507,000 after acquiring an additional 15,342 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president owned 4,707 shares of the company’s stock, valued at $543,658.50. This represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on WEC. Jefferies Financial Group reduced their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. BTIG Research reissued a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Mizuho upped their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned 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, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus target price of $120.07.

WEC Energy Group Stock Up 0.2%

NYSE WEC opened at $115.70 on Friday. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a market cap of $37.66 billion, a PE ratio of 23.95, a P/E/G ratio of 2.77 and a beta of 0.58. The stock’s 50 day moving average is $109.59 and its 200 day moving average is $110.21.

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

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued 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 of this dividend is Friday, February 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s payout ratio is currently 78.88%.

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.