Equitable Holdings Inc. Makes New $1.06 Million Investment in WEC Energy Group, Inc. $WEC

Equitable Holdings Inc. purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,122 shares of the utilities provider’s stock, valued at approximately $1,065,000.

Other large investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the fourth quarter worth $25,000. Torren Management LLC bought a new position in WEC Energy Group during the 4th quarter worth $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group during the 2nd quarter worth about $27,000. Physician Wealth Advisors Inc. lifted 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. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 buying an additional 214 shares during the period. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WEC. Mizuho set a $124.00 price target 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 research note on Wednesday, August 5th. BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. 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 report on Thursday, August 13th. Finally, LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Performance

Shares of WEC opened at $106.15 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The firm’s fifty day simple moving average is $112.23 and its two-hundred day simple moving average is $113.54. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The stock has a market capitalization of $34.59 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is presently 73.84%.

Insiders Place Their Bets

In other WEC Energy Group 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.