Sumitomo Mitsui Trust Group Inc. cut its holdings in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 3.1% in the first quarter, Holdings Channel reports. The fund owned 780,223 shares of the utilities provider’s stock after selling 25,028 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in WEC Energy Group were worth $90,326,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group during the 4th quarter valued at about $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth approximately $27,000. Physician Wealth Advisors Inc. boosted its stake in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.
Insider Activity at WEC Energy Group
In other news, EVP Daniel Krueger sold 4,665 shares of the 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 completion of the sale, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on WEC
WEC Energy Group Stock Up 0.2%
Shares of NYSE:WEC traded up $0.20 during trading on Friday, reaching $115.09. The stock had a trading volume of 1,588,741 shares, compared to its average volume of 2,060,571. The firm’s 50-day simple moving average is $113.64 and its 200 day simple moving average is $112.90. 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, Inc. has a one year low of $102.95 and a one year high of $119.91. The company has a market capitalization of $37.49 billion, a P/E ratio of 22.97, a PEG ratio of 2.76 and a beta of 0.47.
WEC Energy Group (NYSE:WEC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $2.27 EPS. WEC Energy Group’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.
WEC Energy Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio is presently 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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