Kingdom Financial Group LLC. acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,341 shares of the utilities provider’s stock, valued at approximately $563,000.
Several other hedge funds also recently modified their holdings of WEC. Torren Management LLC acquired a new position in WEC Energy Group during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group in the second quarter valued at approximately $27,000. Harbor Investment Advisory LLC grew its stake in 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 acquiring an additional 200 shares during the period. Cornerstone Planning Group LLC grew its stake in WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 264 shares during the period. Finally, GoalVest Advisory LLC grew its stake in WEC Energy Group by 54.7% in the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 104 shares during the period. Institutional investors own 77.20% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on WEC. Truist Financial decreased their price target on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. KeyCorp raised their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.13.
Insider Buying and Selling
In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.
WEC Energy Group Trading Up 1.3%
Shares of WEC Energy Group stock opened at $112.12 on Friday. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The firm has a market cap of $36.52 billion, a PE ratio of 22.38, a P/E/G ratio of 2.66 and a beta of 0.50. The stock has a fifty day moving average price of $114.65 and a 200-day moving average price of $111.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.
WEC Energy Group (NYSE:WEC – Get Free Report) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm posted $2.27 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.
WEC Energy Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s payout ratio is 76.05%.
WEC Energy Group Company Profile
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.
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