Dorsey & Whitney Trust CO LLC lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,817 shares of the utilities provider’s stock after purchasing an additional 5,484 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in WEC Energy Group were worth $6,941,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Inscription Capital LLC lifted its position in WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after buying an additional 91 shares during the last quarter. Moors & Cabot Inc. lifted its position in WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares during the last quarter. Matrix Trust Co lifted its position in WEC Energy Group by 0.7% in the fourth quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after buying an additional 95 shares during the last quarter. State of Wyoming lifted its position in WEC Energy Group by 5.7% in the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares during the last quarter. Finally, Community Bank & Trust Waco Texas lifted its position in WEC Energy Group by 5.1% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after buying an additional 96 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
WEC has been the subject of a number of analyst reports. Truist Financial lowered their price target on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Barclays raised their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $122.13.
WEC Energy Group Stock Up 0.9%
NYSE:WEC opened at $114.15 on Thursday. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a market cap of $37.18 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47. The stock has a fifty day simple moving average of $113.87 and a 200-day simple moving average of $111.66. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping 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 business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.
WEC Energy Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.
Insider Activity at WEC Energy Group
In other news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.
WEC Energy Group 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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