Heartland Advisors Inc. Has $6.89 Million Stock Position in WEC Energy Group, Inc. $WEC

Heartland Advisors Inc. lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,517 shares of the utilities provider’s stock after selling 6,096 shares during the quarter. Heartland Advisors Inc.’s holdings in WEC Energy Group were worth $6,890,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Pure Financial Advisors LLC increased its holdings in shares of WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 86 shares during the period. Inscription Capital LLC lifted its stake in shares of WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after buying an additional 91 shares during the period. Moors & Cabot Inc. lifted its stake in shares of WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after buying an additional 93 shares during the period. Matrix Trust Co grew its position in WEC Energy Group by 0.7% during the fourth quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after buying an additional 95 shares in the last quarter. Finally, State of Wyoming grew its position in WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on WEC. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Barclays upped their target price on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

WEC Energy Group Stock Down 1.0%

Shares of WEC opened at $113.36 on Friday. 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 company has a 50-day moving average price of $113.63 and a two-hundred day moving average price of $113.22. The stock has a market cap of $36.93 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.72 and a beta of 0.47. 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 released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’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. Equities analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

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.