UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in WEC Energy Group, Inc. $WEC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,644,319 shares of the utilities provider’s stock after acquiring an additional 78,168 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in WEC Energy Group were worth $192,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the fourth quarter worth about $25,000. Physician Wealth Advisors Inc. increased its stake in WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the second quarter valued at approximately $27,000. Finally, Compass Financial Management LLC purchased a new position in WEC Energy Group in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $106.36 on Tuesday. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The stock’s fifty day moving average is $112.10 and its 200 day moving average is $113.51. The stock has a market cap of $34.66 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.84 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.76 earnings per share. WEC Energy Group’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. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is presently 73.84%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WEC. KeyCorp cut their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Truist Financial decreased 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 note on Thursday, August 13th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. Finally, 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 on the stock. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.91.

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.