Fox Hill Wealth Management Buys New Stake in WEC Energy Group, Inc. $WEC

Fox Hill Wealth Management purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to its most recent filing with the SEC. The fund purchased 19,020 shares of the utilities provider’s stock, valued at approximately $2,221,000.

Other hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC bought a new position in shares of WEC Energy Group during the 2nd quarter valued at about $5,575,000. Beacon Pointe Advisors LLC bought a new stake in shares of WEC Energy Group in the second quarter worth about $3,201,000. 49 Wealth Management LLC bought a new stake in shares of WEC Energy Group in the second quarter worth about $674,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of WEC Energy Group in the second quarter worth about $258,000. Finally, Rakuten Investment Management Inc. bought a new position in WEC Energy Group during the second quarter valued at approximately $6,310,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

WEC Energy Group Trading Down 0.1%

Shares of NYSE WEC opened at $106.15 on Friday. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. 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’s 50 day moving average is $112.23 and its two-hundred day moving average is $113.54. The stock has a market capitalization of $34.59 billion, a P/E ratio of 20.57, a PEG ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given 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 currently 73.84%.

Analyst Ratings Changes

Several equities analysts have weighed in on WEC shares. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial lowered their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. BMO Capital Markets cut their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. KeyCorp decreased 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. Finally, Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday. 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 has an average rating of “Moderate Buy” and a consensus 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.