Simplicity Wealth LLC Buys Shares of 4,724 WEC Energy Group, Inc. $WEC

Simplicity Wealth LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,724 shares of the utilities provider’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of WEC Energy Group by 24.9% during 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 buying an additional 10,606 shares in the last quarter. NBC Securities Inc. grew its stake in WEC Energy Group by 5,040.6% in the 4th quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock valued at $3,415,000 after buying an additional 31,756 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in 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 buying an additional 318,846 shares in the last quarter. Annex Advisory Services LLC raised its holdings in WEC Energy Group by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock valued at $14,179,000 after acquiring an additional 9,591 shares during the period. Finally, North Dakota State Investment Board bought a new stake in WEC Energy Group during the 4th quarter valued at $1,155,000. Institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WEC. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. BMO Capital Markets cut their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Stock Down 0.0%

Shares of NYSE:WEC opened at $110.48 on Tuesday. The firm has a fifty day moving average price of $113.23 and a two-hundred day moving average price of $113.78. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.91 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

Insider Buying and Selling at WEC Energy Group

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 completion of the sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.