Ameritas Advisory Services LLC Lowers Holdings in WEC Energy Group, Inc. $WEC

Ameritas Advisory Services LLC trimmed its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,929 shares of the utilities provider’s stock after selling 5,791 shares during the period. Ameritas Advisory Services LLC’s holdings in WEC Energy Group were worth $1,660,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its stake in WEC Energy Group by 14.3% during the first quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 93 shares in the last quarter. Clean Yield Group lifted its stake in WEC Energy Group by 12.6% during the first quarter. Clean Yield Group now owns 867 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 97 shares in the last quarter. Liberty Capital Management Inc. lifted its stake in WEC Energy Group by 3.8% during the second quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 97 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in WEC Energy Group by 3.0% during the first quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 98 shares in the last quarter. Finally, Callan Capital LLC lifted its stake in WEC Energy Group by 2.7% during the first quarter. Callan Capital LLC now owns 3,845 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 100 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup assumed coverage on WEC Energy Group in a research note on Friday. They set a “buy” rating and a $131.00 price target on the stock. The Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of WEC Energy Group in a research note on Saturday, September 27th. Finally, UBS Group set a $107.00 price objective on WEC Energy Group and gave the company a “neutral” rating in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $109.30.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Anthony Reese sold 4,177 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the transaction, the vice president owned 1,757 shares of the company’s stock, valued at approximately $193,797.10. This trade represents a 70.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the transaction, the executive vice president directly owned 6,606 shares in the company, valued at approximately $734,190.84. The trade was a 47.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock valued at $7,581,132 over the last ninety days. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $113.24 on Friday. The firm has a market capitalization of $36.45 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. The business’s fifty day moving average price is $109.36 and its 200 day moving average price is $107.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. WEC Energy Group, Inc. has a 12 month low of $91.94 and a 12 month high of $114.97.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.WEC Energy Group’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 14th were issued a $0.8925 dividend. This represents a $3.57 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group’s dividend payout ratio is 68.39%.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.