Global Retirement Partners LLC Acquires Shares of 31,775 WEC Energy Group, Inc. $WEC

Global Retirement Partners LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,775 shares of the utilities provider’s stock, valued at approximately $3,710,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WEC. Whittier Trust Co. of Nevada Inc. boosted its holdings in WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the 4th quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. increased its holdings in WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at approximately $27,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WEC. KeyCorp reduced their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. 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. Barclays raised their price objective 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. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $110.53 on Monday. The company has a market cap of $36.02 billion, a PE ratio of 21.42, a P/E/G ratio of 1.91 and a beta of 0.47. The company has a fifty day moving average price of $113.24 and a two-hundred day moving average price of $113.78. 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, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC) last issued 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. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s 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. Research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by corporate 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.