NEOS Investment Management LLC Grows Stock Position in WEC Energy Group, Inc. $WEC

NEOS Investment Management LLC lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,443 shares of the utilities provider’s stock after purchasing an additional 5,920 shares during the period. NEOS Investment Management LLC’s holdings in WEC Energy Group were worth $6,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WEC. Empowered Funds LLC boosted its stake in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 2,417 shares during the last quarter. Woodline Partners LP grew its holdings in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares during the period. Cerity Partners LLC increased its position in WEC Energy Group by 7.3% in the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after buying an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd increased its position in WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after buying an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of WEC Energy Group by 8.8% in the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after buying an additional 4,730 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 value of $103,468.40. Following the sale, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $105.79 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. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The stock has a 50-day moving average price of $111.27 and a 200 day moving average price of $113.28. The stock has a market capitalization of $34.47 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.19 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted 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 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 analysts’ expectations of $2.11 billion. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s 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. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. Truist Financial lowered their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Sunday. KeyCorp lowered 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. Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.