WEC Energy Group (NYSE:WEC) Director Sells $2,886,000.00 in Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Gale Klappa sold 25,000 shares of the business’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 directly owned 276,600 shares of the company’s stock, valued at $31,930,704. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WEC Energy Group Stock Performance

Shares of WEC opened at $114.36 on Friday. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The stock has a market capitalization of $37.20 billion, a PE ratio of 23.68, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock has a 50-day simple moving average of $108.73 and a 200-day simple moving average of $110.05.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WEC. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. raised their price target on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Scotiabank increased their price objective on WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.07.

Institutional Trading of WEC Energy Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares during the period. Woodline Partners LP raised its holdings in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Nordea Investment Management AB boosted its position in WEC Energy Group by 2.4% during the second quarter. Nordea Investment Management AB now owns 15,055 shares of the utilities provider’s stock worth $1,556,000 after purchasing an additional 354 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in WEC Energy Group in the second quarter valued at $1,219,000. Finally, Chicago Partners Investment Group LLC increased its position in shares of WEC Energy Group by 20.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,388 shares of the utilities provider’s stock valued at $260,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

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.