TD Waterhouse Canada Inc. Sells 11,553 Shares of WEC Energy Group, Inc. $WEC

TD Waterhouse Canada Inc. reduced its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 46.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,287 shares of the utilities provider’s stock after selling 11,553 shares during the period. TD Waterhouse Canada Inc.’s holdings in WEC Energy Group were worth $1,545,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after acquiring an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of WEC Energy Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after purchasing an additional 52,467 shares in the last quarter. Northern Trust Corp grew its holdings in shares of WEC Energy Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after purchasing an additional 48,903 shares in the last quarter. Franklin Resources Inc. increased its position in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after purchasing an additional 2,136,542 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of WEC Energy Group by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock worth $297,646,000 after purchasing an additional 7,206 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WEC has been the subject of several research analyst reports. Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Sunday. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a report on Tuesday, August 4th. Truist Financial cut their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $107.14 on Wednesday. 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 one year low of $102.95 and a one year high of $119.91. The business’s 50 day simple moving average is $110.82 and its two-hundred day simple moving average is $113.15. The stock has a market capitalization of $34.91 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly 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. Analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is 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.