Hsbc Holdings PLC Acquires 42,083 Shares of WEC Energy Group, Inc. $WEC

Hsbc Holdings PLC boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.8% during the fourth quarter, Holdings Channel reports. The firm owned 579,000 shares of the utilities provider’s stock after acquiring an additional 42,083 shares during the quarter. Hsbc Holdings PLC’s holdings in WEC Energy Group were worth $61,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Godfrey Financial Associates Inc. bought a new stake in WEC Energy Group in the fourth quarter valued at $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter worth $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth about $27,000. Cornerstone Planning Group LLC lifted its position in shares of WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 264 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in shares of WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

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 transaction, 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 filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $118.69 on Monday. The firm’s 50-day moving average price is $113.54 and its 200-day moving average price is $112.56. WEC Energy Group, Inc. has a 52-week low of $102.51 and a 52-week high of $119.62. The company has a market cap of $38.66 billion, a PE ratio of 23.69, a PEG ratio of 2.86 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Analyst Ratings Changes

Several brokerages recently issued reports on WEC. Truist Financial reduced their price target on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays upped their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average target price of $123.60.

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.