Soroban Capital Partners LP Sells 189,524 Shares of WEC Energy Group, Inc. $WEC

Soroban Capital Partners LP reduced its position in WEC Energy Group, Inc. (NYSE:WEC) by 13.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,198,148 shares of the utilities provider’s stock after selling 189,524 shares during the period. WEC Energy Group accounts for 0.3% of Soroban Capital Partners LP’s investment portfolio, making the stock its 23rd largest holding. Soroban Capital Partners LP’s holdings in WEC Energy Group were worth $138,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in shares of WEC Energy Group in the 4th quarter worth about $5,363,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of WEC Energy Group by 26.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 529,319 shares of the utilities provider’s stock valued at $55,822,000 after acquiring an additional 109,745 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of WEC Energy Group by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after acquiring an additional 10,606 shares during the last quarter. BLB&B Advisors LLC purchased a new position in WEC Energy Group in the fourth quarter worth about $6,096,000. Finally, Pictet Asset Management Holding SA grew its position in WEC Energy Group by 195.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after acquiring an additional 318,846 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $113.91 on Tuesday. 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 1-year low of $102.95 and a 1-year high of $119.91. The firm has a market capitalization of $37.10 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.00 and a beta of 0.47. The company’s 50-day moving average is $113.91 and its 200 day moving average is $113.60.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm’s quarterly 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. Research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

WEC has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays boosted their target price on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets dropped their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.20.

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.