Coastal Bridge Advisors LLC Acquires Shares of 12,880 WEC Energy Group, Inc. $WEC

Coastal Bridge Advisors LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,880 shares of the utilities provider’s stock, valued at approximately $1,504,000.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in WEC Energy Group by 1.0% during 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 buying an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. lifted its position in WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after acquiring an additional 52,467 shares during the period. Northern Trust Corp boosted its stake in WEC Energy Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after acquiring an additional 48,903 shares in the last quarter. Franklin Resources Inc. grew its holdings in WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after purchasing an additional 2,136,542 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of WEC Energy Group by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock valued at $297,646,000 after purchasing an additional 7,206 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WEC has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets cut their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Mizuho set a $124.00 price objective on WEC Energy Group in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a report on Tuesday, August 4th. Finally, KeyCorp cut their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Price Performance

WEC opened at $106.29 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $34.64 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.86 and a beta of 0.47. The company’s 50-day simple moving average is $112.36 and its two-hundred day simple moving average is $113.59. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS 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. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group’s payout ratio is currently 73.84%.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction 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 transaction, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

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.