WEC Energy Group, Inc. $WEC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,603 shares of the utilities provider’s stock after selling 5,017 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in WEC Energy Group were worth $3,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. OneAscent Financial Services LLC acquired a new stake in WEC Energy Group during the 4th quarter worth about $264,000. OneAscent Investment Solutions LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $206,000. Pinebridge Investments LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $2,480,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $13,608,000. Finally, Petersen Hastings Wealth Advisors Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter valued at approximately $241,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Down 1.5%

Shares of WEC stock opened at $111.31 on Tuesday. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.71 and a beta of 0.47. The firm has a fifty day moving average of $113.91 and a 200-day moving average of $111.61. WEC Energy Group, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

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

Analyst Ratings Changes

WEC has been the subject of several recent research reports. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Argus raised WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. KeyCorp increased their price objective on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, Barclays increased their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. One research 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. According to data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus price target of $122.13.

Insider Buying and Selling 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 value of $517,628.40. Following the completion of the sale, the executive vice president directly 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 available through this link. Company insiders own 0.46% of the company’s stock.

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.