WEC Energy Group, Inc. $WEC Shares Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 34.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,000 shares of the utilities provider’s stock after purchasing an additional 9,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in WEC Energy Group were worth $3,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WEC. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the second quarter valued at approximately $27,000. Harbor Investment Advisory LLC increased its holdings in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group in the third quarter valued at approximately $30,000. GoalVest Advisory LLC grew its position in WEC Energy Group by 54.7% in the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 104 shares during the period. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in WEC Energy Group in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WEC. Bank of America set a $116.00 price objective on WEC Energy Group in a research report on Wednesday, December 31st. BTIG Research reiterated a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research report on Friday, January 30th. Barclays increased their price objective on WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average price target of $120.73.

WEC Energy Group Trading Down 0.5%

WEC opened at $115.80 on Friday. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $119.62. The business has a fifty day simple moving average of $115.46 and a 200-day simple moving average of $111.93. The firm has a market cap of $37.72 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period 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, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 3.3%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total value of $2,886,000.00. Following the transaction, the director owned 276,600 shares of the company’s stock, valued at approximately $31,930,704. This represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. Corporate insiders own 0.46% of the company’s stock.

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.