Annex Advisory Services LLC Increases Stake in WEC Energy Group, Inc. $WEC

Annex Advisory Services LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 8.6% in the 2nd quarter, Holdings Channel reports. The fund owned 121,431 shares of the utilities provider’s stock after acquiring an additional 9,591 shares during the period. Annex Advisory Services LLC’s holdings in WEC Energy Group were worth $14,179,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BLB&B Advisors LLC purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $6,096,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in WEC Energy Group by 24.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock worth $5,613,000 after acquiring an additional 10,606 shares during the period. NBC Securities Inc. grew its holdings in WEC Energy Group by 5,040.6% during the fourth quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock worth $3,415,000 after acquiring an additional 31,756 shares during the period. Pictet Asset Management Holding SA raised its position in WEC Energy Group by 195.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after acquiring an additional 318,846 shares in the last quarter. Finally, Assetmark Inc. raised its position in WEC Energy Group by 5.4% in the fourth quarter. Assetmark Inc. now owns 180,068 shares of the utilities provider’s stock worth $18,990,000 after acquiring an additional 9,198 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research report on Tuesday, August 4th. KeyCorp cut their price target 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. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.41.

WEC Energy Group Stock Performance

NYSE WEC opened at $106.61 on Wednesday. The business has a 50 day moving average price of $113.33 and a 200 day moving average price of $113.77. The company has a market capitalization of $34.74 billion, a P/E ratio of 20.66, a PEG ratio of 1.84 and a beta of 0.47. 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.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.6%. WEC Energy Group’s payout ratio is currently 73.84%.

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.