Keebeck Wealth Management Takes Position in WEC Energy Group, Inc. $WEC

Keebeck Wealth Management bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,280 shares of the utilities provider’s stock, valued at approximately $3,536,000.

Several other large investors also recently modified their holdings of the stock. Godfrey Financial Associates Inc. bought a new position in shares of WEC Energy Group during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new stake in WEC Energy Group in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the second quarter valued at $27,000. Physician Wealth Advisors Inc. raised its stake in WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WEC Energy Group by 972.7% during the first 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 period. 77.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target 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. Truist Financial reduced their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. BMO Capital Markets decreased their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, KeyCorp dropped their price objective on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.91.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Down 2.0%

Shares of NYSE WEC opened at $106.33 on Friday. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The firm’s 50-day simple moving average is $112.86 and its 200 day simple moving average is $113.71. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a market cap of $34.65 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.88 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 for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company posted $0.76 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

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 issued a $0.9525 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. WEC Energy Group’s dividend payout ratio (DPR) 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.