148,171 Shares in WEC Energy Group, Inc. $WEC Purchased by Align Financial LLC

Align Financial LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 148,171 shares of the utilities provider’s stock, valued at approximately $14,817,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Inscription Capital LLC raised its position in WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares in the last quarter. Matrix Trust Co increased its holdings in shares of WEC Energy Group by 0.7% during the fourth quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after buying an additional 95 shares in the last quarter. State of Wyoming increased its holdings in shares of WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas increased its holdings in shares of WEC Energy Group by 5.1% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

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 shares were 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 owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on WEC shares. JPMorgan Chase & Co. dropped their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Barclays raised their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.13.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $112.46 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The firm has a market cap of $36.63 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.76 and a beta of 0.47. The firm has a 50 day simple moving average of $113.54 and a 200 day simple moving average of $111.73. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62.

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

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a $0.9525 dividend. 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 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

WEC Energy Group 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.