Elevation Point Wealth Partners LLC Acquires Shares of 6,657 WEC Energy Group, Inc. $WEC

Elevation Point Wealth Partners LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,657 shares of the utilities provider’s stock, valued at approximately $777,000.

A number of other large investors have also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its position in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group in the fourth quarter worth about $25,000. Torren Management LLC purchased a new stake in WEC Energy Group during the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. raised its holdings in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $27,000. Institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $107.60 on Tuesday. The stock has a market capitalization of $35.06 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.83 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. The business has a 50-day moving average of $112.73 and a 200 day moving average of $113.70. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC) last issued 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. The company had revenue of $2.06 billion for 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 revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company 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 of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WEC. KeyCorp reduced their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted 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. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Truist Financial lowered their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and an average target price of $121.91.

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.