Heartland Advisors Inc. Has $6.89 Million Stake in WEC Energy Group, Inc. $WEC

Heartland Advisors Inc. lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,517 shares of the utilities provider’s stock after selling 6,096 shares during the period. Heartland Advisors Inc.’s holdings in WEC Energy Group were worth $6,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its position in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the 4th quarter valued at $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter valued at $26,000. Physician Wealth Advisors Inc. boosted its stake in WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter worth $27,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Down 1.0%

NYSE WEC opened at $113.36 on Friday. The stock has a fifty day moving average of $113.63 and a 200-day moving average of $113.22. The stock has a market capitalization of $36.93 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business 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 firm posted $2.27 earnings per share. The firm’s revenue for the quarter was up 9.0% 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 research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. raised their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research report on Wednesday, May 6th. Finally, Barclays boosted 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. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.07.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’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 directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

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.