WEC Energy Group, Inc. $WEC Position Raised by Merit Financial Group LLC

Merit Financial Group LLC boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,908 shares of the utilities provider’s stock after buying an additional 6,264 shares during the quarter. Merit Financial Group LLC’s holdings in WEC Energy Group were worth $7,056,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in WEC Energy Group by 0.8% in the third quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock worth $4,615,722,000 after buying an additional 334,563 shares during the last quarter. Envestnet Asset Management Inc. grew its position in WEC Energy Group by 12.4% in the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after buying an additional 337,300 shares during the last quarter. Legal & General Group Plc grew its position in WEC Energy Group by 3.4% in the third quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after buying an additional 87,446 shares during the last quarter. PNC Financial Services Group Inc. grew its position in WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock worth $296,780,000 after buying an additional 226,894 shares during the last quarter. Finally, Mairs & Power Inc. grew its position in WEC Energy Group by 20.2% in the third quarter. Mairs & Power Inc. now owns 1,793,851 shares of the utilities provider’s stock worth $205,557,000 after buying an additional 301,323 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.5%

NYSE WEC opened at $115.80 on Friday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $119.62. 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 cap of $37.72 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.80 and a beta of 0.53. The firm’s 50 day moving average price is $115.46 and its two-hundred day moving average price is $111.93.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.19 billion. During the same period in the previous year, the company posted $1.43 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is presently 78.88%.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at approximately $31,930,704. The trade was a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the transaction, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WEC shares. BMO Capital Markets restated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. KeyCorp lifted their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.73.

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.