HBK Sorce Advisory LLC Acquires Shares of 5,145 WEC Energy Group, Inc. $WEC

HBK Sorce Advisory LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,145 shares of the utilities provider’s stock, valued at approximately $557,000.

Several other institutional investors have also recently bought and sold shares of the business. Flputnam Investment Management Co. acquired a new position in WEC Energy Group during the 2nd quarter valued at about $2,498,000. Global Retirement Partners LLC purchased a new stake in shares of WEC Energy Group in the second quarter worth approximately $3,710,000. 1ST Source Bank bought a new position in shares of WEC Energy Group in the second quarter valued at approximately $374,000. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of WEC Energy Group in the second quarter valued at approximately $404,000. Finally, Sandro Wealth Management LLC purchased a new position in shares of WEC Energy Group during the second quarter valued at approximately $235,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $110.48 on Tuesday. The firm’s 50 day moving average is $113.23 and its 200 day moving average is $113.78. The stock has a market capitalization of $36.00 billion, a P/E ratio of 21.41, a PEG ratio of 1.91 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. 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 dividend payout ratio (DPR) is 73.84%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. BMO Capital Markets dropped their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Barclays boosted their price target 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. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. Finally, KeyCorp dropped their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. One equities 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 company’s stock. Based on data from MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction 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 sale, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

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.