Midland Wealth Advisors LLC Invests $1.54 Million in WEC Energy Group, Inc. $WEC

Midland Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,434 shares of the utilities provider’s stock, valued at approximately $1,539,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 2,417 shares during the period. Woodline Partners LP raised its position in WEC Energy Group by 41.3% in the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after acquiring an additional 7,841 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of WEC Energy Group by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 15,055 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 354 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $1,219,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of WEC Energy Group by 20.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,388 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 398 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.5%

Shares of WEC Energy Group stock opened at $114.25 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The stock has a 50-day moving average price of $108.52 and a 200 day moving average price of $110.03. The company has a market cap of $37.16 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.73 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio is presently 78.88%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WEC. Mizuho lifted their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Barclays lifted their target price on WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. KeyCorp reiterated an “overweight” rating on shares of WEC Energy Group in a research report on Friday, January 16th. Finally, UBS Group cut their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average target price of $120.07.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the sale, the director directly owned 276,600 shares in the company, valued at approximately $31,930,704. This trade represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 40,904 shares of company stock valued at $4,689,335. 0.50% of the stock is owned by insiders.

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.