WEC Energy Group, Inc. $WEC Shares Sold by NS Partners Ltd

NS Partners Ltd lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 306,688 shares of the utilities provider’s stock after selling 12,827 shares during the period. WEC Energy Group comprises about 1.5% of NS Partners Ltd’s portfolio, making the stock its 20th largest holding. NS Partners Ltd’s holdings in WEC Energy Group were worth $35,812,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WEC. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group during the 2nd quarter worth about $27,000. Physician Wealth Advisors Inc. raised its holdings in WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after buying an additional 131 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of WEC Energy Group in the second quarter worth about $29,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $106.36 on Tuesday. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.84 and a beta of 0.47. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The business has a fifty day simple moving average of $112.10 and a 200 day simple moving average of $113.51. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the sale, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WEC. BMO Capital Markets cut their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. KeyCorp cut their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday, May 6th. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

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.