Pacific Excel Wealth Advisors Inc. Acquires Shares of 6,852 WEC Energy Group, Inc. $WEC

Pacific Excel Wealth Advisors Inc. bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,852 shares of the utilities provider’s stock, valued at approximately $800,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after buying an additional 819,627 shares during the last quarter. Geode Capital Management LLC boosted its stake in WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after acquiring an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after acquiring an additional 52,467 shares in the last quarter. Northern Trust Corp grew its holdings in WEC Energy Group by 1.4% during the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after acquiring an additional 48,903 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after purchasing an additional 2,136,542 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. KeyCorp cut their price objective 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. Truist Financial increased their target price on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. One equities 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.41.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $109.30 on Wednesday. The company has a market cap of $35.60 billion, a PE ratio of 21.18, a P/E/G ratio of 1.89 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The firm has a 50-day simple moving average of $113.70 and a 200 day simple moving average of $113.82. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last issued its 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. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s payout ratio is currently 73.84%.

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.