Albion Financial Group UT Buys 809 Shares of WEC Energy Group, Inc. $WEC

Albion Financial Group UT raised its stake in WEC Energy Group, Inc. (NYSE:WEC) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,760 shares of the utilities provider’s stock after purchasing an additional 809 shares during the period. Albion Financial Group UT’s holdings in WEC Energy Group were worth $6,540,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WEC. MassMutual Private Wealth & Trust FSB grew its holdings in shares of WEC Energy Group by 7.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,483 shares of the utilities provider’s stock valued at $271,000 after buying an additional 178 shares during the last quarter. Versant Capital Management Inc boosted its holdings in WEC Energy Group by 365.4% during the first quarter. Versant Capital Management Inc now owns 754 shares of the utilities provider’s stock worth $82,000 after purchasing an additional 592 shares during the last quarter. GAMMA Investing LLC boosted its holdings in WEC Energy Group by 12,777.6% during the first quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider’s stock worth $199,872,000 after purchasing an additional 1,819,782 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its holdings in WEC Energy Group by 13.9% during the first quarter. Beese Fulmer Investment Management Inc. now owns 2,994 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 366 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in WEC Energy Group by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,788 shares of the utilities provider’s stock worth $522,000 after purchasing an additional 257 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 1.5%

WEC opened at $112.90 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.10 and a beta of 0.44. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $112.92. The company’s 50-day moving average price is $108.95 and its two-hundred day moving average price is $107.17.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were given a $0.8925 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $3.57 annualized dividend and a dividend yield of 3.2%. WEC Energy Group’s payout ratio is 68.39%.

Wall Street Analysts Forecast Growth

WEC has been the topic of several analyst reports. UBS Group set a $107.00 price target on shares of WEC Energy Group and gave the stock a “neutral” rating in a report on Friday, July 11th. The Goldman Sachs Group cut shares of WEC Energy Group from a “neutral” rating to a “sell” rating and cut their price target for the stock from $106.00 to $100.00 in a report on Wednesday, June 25th. Finally, Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $106.89.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 9,231 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the sale, the chief executive officer owned 56,443 shares of the company’s stock, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 5,960 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $110.98, for a total transaction of $661,440.80. Following the sale, the director directly owned 274,969 shares in the company, valued at $30,516,059.62. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,448 shares of company stock valued at $7,581,132. Corporate insiders own 0.50% of the company’s stock.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.