United Capital Financial Advisors LLC Takes Position in WEC Energy Group, Inc. $WEC

United Capital Financial Advisors LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The fund acquired 8,824 shares of the utilities provider’s stock, valued at approximately $1,030,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dearborn Partners LLC purchased a new stake in WEC Energy Group in the second quarter valued at $33,247,000. WNY Asset Management LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at $952,000. Equitable Holdings Inc. purchased a new position in shares of WEC Energy Group during the 2nd quarter worth $1,065,000. Centaurus Financial Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $162,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $1,504,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.1%

NYSE WEC opened at $106.15 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.84 and a beta of 0.47. The firm has a 50 day simple moving average of $112.23 and a 200-day simple moving average of $113.54. 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 announced its 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. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WEC. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets dropped their price target 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. KeyCorp reduced their price target on shares of 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. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is 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.