WEC Energy Group, Inc. $WEC Position Lessened by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,242 shares of the utilities provider’s stock after selling 5,445 shares during the quarter. Kestra Advisory Services LLC’s holdings in WEC Energy Group were worth $3,848,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group during the 4th quarter valued at $25,000. Torren Management LLC acquired a new position in WEC Energy Group during the fourth quarter worth about $26,000. Physician Wealth Advisors Inc. grew its stake in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter worth approximately $27,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. Truist Financial boosted their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $124.07.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 1.0%

WEC Energy Group stock opened at $113.36 on Friday. The stock has a market capitalization of $36.93 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $113.63 and a 200-day moving average of $113.22.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research 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. Stockholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

About WEC Energy Group

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.