Diversify Advisory Services LLC Makes New Investment in WEC Energy Group, Inc. $WEC

Diversify Advisory Services LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,978 shares of the utilities provider’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently modified their holdings of WEC. Empowered Funds LLC raised its stake in WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 2,417 shares in the last quarter. Woodline Partners LP grew its stake in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after buying an additional 7,841 shares in the last quarter. Cerity Partners LLC grew its stake in WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after buying an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after buying an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of WEC Energy Group by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after buying an additional 4,730 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. BMO Capital Markets lowered their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Truist Financial cut their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a report on Tuesday, August 4th. Finally, KeyCorp decreased their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 0.9%

Shares of NYSE:WEC opened at $108.40 on Friday. The company has a fifty day moving average of $113.00 and a 200-day moving average of $113.76. The company has a market capitalization of $35.32 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the company earned $0.76 EPS. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

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.