WEC Energy Group (NYSE:WEC) EVP Daniel Krueger Sells 4,665 Shares

WEC Energy Group, Inc. (NYSE:WEC) EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WEC Energy Group Stock Down 0.7%

WEC stock opened at $110.70 on Thursday. The firm’s fifty day simple moving average is $114.69 and its 200-day simple moving average is $111.62. The company has a market capitalization of $36.06 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Hedge Funds Weigh In On WEC Energy Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC lifted its stake in WEC Energy Group by 4.9% in the third quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after acquiring an additional 7,970 shares during the last quarter. Baillie Gifford & Co. lifted its stake in WEC Energy Group by 53.0% in the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after acquiring an additional 45,477 shares during the last quarter. London & Capital Asset Management Ltd lifted its stake in WEC Energy Group by 48.1% in the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock worth $3,609,000 after acquiring an additional 10,231 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in WEC Energy Group by 4.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock worth $72,895,000 after acquiring an additional 24,805 shares during the last quarter. Finally, Park National Corp OH lifted its stake in WEC Energy Group by 4,008.6% in the fourth quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock worth $14,238,000 after acquiring an additional 131,724 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WEC has been the subject of several analyst reports. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. KeyCorp boosted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Truist Financial decreased their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.13.

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.