13,746 Shares in WEC Energy Group, Inc. $WEC Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The fund bought 13,746 shares of the utilities provider’s stock, valued at approximately $1,605,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth about $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its holdings in shares of 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 purchasing an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WEC. KeyCorp dropped their target price on shares of 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. BMO Capital Markets reduced their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Truist Financial dropped their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.91.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were 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 approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $110.48 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.91 and a beta of 0.47. The business has a 50-day moving average of $113.23 and a 200-day moving average of $113.78.

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

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

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.