SG Americas Securities LLC Lowers Position in WEC Energy Group, Inc. $WEC

SG Americas Securities LLC cut its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 42.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,970 shares of the utilities provider’s stock after selling 26,111 shares during the quarter. SG Americas Securities LLC’s holdings in WEC Energy Group were worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at $26,000. CoreFirst Bank & Trust bought a new position in shares of WEC Energy Group in the 2nd quarter worth about $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at about $27,000. New England Capital Financial Advisors LLC boosted its stake in WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in WEC Energy Group in the third quarter worth about $30,000. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WEC shares. TD Cowen assumed coverage on shares of WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 target price for the company. UBS Group set a $116.00 price target on WEC Energy Group in a research note on Wednesday, December 31st. Bank of America lowered their price objective on WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, December 31st. BTIG Research raised WEC Energy Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Cowen initiated coverage on WEC Energy Group in a report on Wednesday, October 15th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.64.

WEC Energy Group Stock Performance

WEC stock opened at $104.68 on Monday. The stock has a market capitalization of $34.05 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.47 and a beta of 0.58. WEC Energy Group, Inc. has a 12-month low of $92.85 and a 12-month high of $118.18. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The stock’s 50 day simple moving average is $107.90 and its 200 day simple moving average is $109.16.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The business had revenue of $2.28 billion during the quarter. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be given a $0.9525 dividend. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. WEC Energy Group’s payout ratio is presently 72.02%.

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.