WEC Energy Group (NYSE:WEC) Director Sells $166,170.00 in Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the transaction, the director directly owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WEC Energy Group Price Performance

WEC stock traded down $0.68 during trading on Wednesday, hitting $115.22. The company had a trading volume of 909,525 shares, compared to its average volume of 2,382,399. The company has a market cap of $37.51 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.78 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average price of $109.17 and a two-hundred day moving average price of $110.13. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.18.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s payout ratio is presently 78.88%.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of analyst reports. Bank of America set a $116.00 price target on WEC Energy Group in a research note on Wednesday, December 31st. KeyCorp reissued an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. BTIG Research reiterated a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Wells Fargo & Company dropped their price target on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, UBS Group reduced their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus price target of $120.07.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WEC. Vanguard Group Inc. raised its stake in WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after buying an additional 819,627 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of WEC Energy Group by 1.0% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of WEC Energy Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after acquiring an additional 52,467 shares during the period. Northern Trust Corp grew its holdings in WEC Energy Group by 1.4% during the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after buying an additional 48,903 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company 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.