WEC Energy Group, Inc. $WEC Stock Position Lifted by AlphaQuest LLC

AlphaQuest LLC grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1,480.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,903 shares of the utilities provider’s stock after buying an additional 37,379 shares during the quarter. AlphaQuest LLC’s holdings in WEC Energy Group were worth $4,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of WEC. Torren Management LLC bought a new position in WEC Energy Group during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the 2nd quarter worth approximately $27,000. Harbor Investment Advisory LLC lifted its holdings in WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in WEC Energy Group by 2,400.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after buying an additional 264 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its holdings in WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after buying an additional 104 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Trading Down 0.1%

Shares of NYSE WEC opened at $113.28 on Tuesday. The company has a market cap of $36.90 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. WEC Energy Group, Inc. has a 12-month low of $102.49 and a 12-month high of $119.62. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $114.61 and its 200 day simple moving average is $111.65.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be given a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group reduced their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Barclays increased their target price on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a report on Friday, January 30th. Finally, Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average target price of $122.13.

About WEC Energy Group

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.