Tandem Investment Advisors Inc. Invests $26.58 Million in WEC Energy Group, Inc. $WEC

Tandem Investment Advisors Inc. purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 229,630 shares of the utilities provider’s stock, valued at approximately $26,584,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEC. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its holdings 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 valued at $28,000 after acquiring an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 valued at $28,000 after acquiring an additional 214 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 value of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WEC. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays increased their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Truist Financial raised their price target on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $124.07.

WEC Energy Group Stock Performance

Shares of WEC opened at $113.36 on Friday. The firm has a fifty day moving average of $113.63 and a 200-day moving average of $113.22. The company has a market cap of $36.93 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91.

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 analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s payout ratio is currently 76.05%.

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.