Nisa Investment Advisors LLC Increases Holdings in WEC Energy Group, Inc. $WEC

Nisa Investment Advisors LLC grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 28.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 269,537 shares of the utilities provider’s stock after acquiring an additional 60,019 shares during the period. Nisa Investment Advisors LLC owned about 0.08% of WEC Energy Group worth $30,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Empowered Funds LLC increased its holdings in shares of WEC Energy Group by 16.9% during the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares in the last quarter. Woodline Partners LP increased its stake in WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares in the last quarter. Integrity Alliance LLC. purchased a new position in WEC Energy Group in the first quarter worth about $689,000. Intech Investment Management LLC raised its holdings in WEC Energy Group by 7.8% in the first quarter. Intech Investment Management LLC now owns 22,549 shares of the utilities provider’s stock worth $2,457,000 after buying an additional 1,634 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its stake in shares of WEC Energy Group by 3.8% in the first quarter. Advisors Capital Management LLC now owns 4,852 shares of the utilities provider’s stock worth $529,000 after buying an additional 177 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WEC has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of WEC Energy Group from $114.00 to $120.00 and gave the company a “market perform” rating in a report on Tuesday, October 21st. Cowen began coverage on shares of WEC Energy Group in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company began coverage on WEC Energy Group in a research note on Monday, October 27th. They issued an “overweight” rating and a $124.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $120.64.

WEC Energy Group Trading Up 0.2%

Shares of WEC opened at $105.23 on Friday. The stock has a market capitalization of $34.23 billion, a PE ratio of 19.89, a P/E/G ratio of 2.48 and a beta of 0.58. The company’s fifty day moving average is $108.04 and its 200 day moving average is $109.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50. WEC Energy Group, Inc. has a fifty-two week low of $92.85 and a fifty-two week high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. The company had revenue of $2.28 billion during the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is 72.02%.

About WEC Energy Group

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.