WEC Energy Group, Inc. $WEC Shares Purchased by Loudon Investment Management LLC

Loudon Investment Management LLC boosted its position in WEC Energy Group, Inc. (NYSE:WEC) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,710 shares of the utilities provider’s stock after acquiring an additional 515 shares during the period. Loudon Investment Management LLC’s holdings in WEC Energy Group were worth $803,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WEC. Manchester Capital Management LLC raised its holdings in shares of WEC Energy Group by 14.3% during the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider’s stock valued at $81,000 after buying an additional 93 shares during the period. Clean Yield Group grew its position in WEC Energy Group by 12.6% in the first quarter. Clean Yield Group now owns 867 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 97 shares in the last quarter. Liberty Capital Management Inc. raised its stake in shares of WEC Energy Group by 3.8% during the second quarter. Liberty Capital Management Inc. now owns 2,649 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 97 shares during the period. Premier Path Wealth Partners LLC lifted its position in shares of WEC Energy Group by 3.0% during the first quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 98 shares in the last quarter. Finally, Peak Financial Advisors LLC lifted its position in shares of WEC Energy Group by 1.9% during the first quarter. Peak Financial Advisors LLC now owns 5,339 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $114.56 on Wednesday. The stock has a market capitalization of $36.87 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.14 and a beta of 0.44. WEC Energy Group, Inc. has a one year low of $91.94 and a one year high of $114.97. The company’s 50-day simple moving average is $109.16 and its 200-day simple moving average is $107.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55.

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

WEC Energy Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 14th were issued a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group’s payout ratio is currently 68.39%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Anthony Reese sold 4,177 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.30, for a total transaction of $460,723.10. Following the completion of the sale, the vice president owned 1,757 shares in the company, valued at $193,797.10. The trade was a 70.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total transaction of $659,060.20. Following the completion of the transaction, the executive vice president owned 6,606 shares in the company, valued at approximately $734,190.84. The trade was a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock valued at $7,581,132 over the last quarter. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WEC shares. UBS Group set a $107.00 price target on shares of WEC Energy Group and gave the company a “neutral” rating in a report on Friday, July 11th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. Finally, The Goldman Sachs Group lowered WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $106.89.

WEC Energy Group Company 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.