Diversify Wealth Management LLC Invests $610,000 in WEC Energy Group, Inc. $WEC

Diversify Wealth Management LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 5,327 shares of the utilities provider’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after acquiring an additional 819,627 shares in the last quarter. Geode Capital Management LLC grew its stake in WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after purchasing an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in WEC Energy Group by 1.0% in 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 raised its holdings in WEC Energy Group by 1.4% in 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. Finally, Franklin Resources Inc. lifted its position in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after buying an additional 2,136,542 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $113.36 on Friday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The business’s 50 day moving average price is $113.63 and its 200 day moving average price is $113.22. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm has a market cap of $36.93 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.75 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company posted $2.27 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. Barclays increased their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Truist Financial raised their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Finally, Mizuho set a $124.00 price target on WEC Energy Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

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.