Zions Bancorporation National Association UT Has $3.46 Million Position in WEC Energy Group, Inc. $WEC

Zions Bancorporation National Association UT lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,212 shares of the utilities provider’s stock after selling 4,832 shares during the quarter. Zions Bancorporation National Association UT’s holdings in WEC Energy Group were worth $3,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bayforest Capital Ltd bought a new position in WEC Energy Group in the 2nd quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new position in shares of WEC Energy Group in the second quarter valued at approximately $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the second quarter worth approximately $27,000. New England Capital Financial Advisors LLC increased its stake in shares of WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 202 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in WEC Energy Group in the 3rd quarter valued at $30,000. Institutional investors own 77.20% of the company’s stock.

Insider Activity

In related news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $115.63 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock has a market capitalization of $37.61 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $118.18. The stock has a fifty day moving average of $107.67 and a 200-day moving average of $109.90.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be given a $0.9525 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

Wall Street Analyst Weigh In

WEC has been the subject of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research report on Wednesday, December 31st. Argus raised WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group cut their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Mizuho raised their price target on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and an average price target of $120.07.

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.