WEC Energy Group, Inc. $WEC Stake Decreased by Blue Trust Inc.

Blue Trust Inc. cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,351 shares of the utilities provider’s stock after selling 4,776 shares during the period. Blue Trust Inc.’s holdings in WEC Energy Group were worth $1,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new position in shares of WEC Energy Group in the fourth quarter worth $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group during the fourth quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group during the second quarter valued at about $27,000. Harbor Investment Advisory LLC raised its stake in shares of WEC Energy Group by 256.4% during the fourth 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. Finally, Cornerstone Planning Group LLC lifted its holdings in WEC Energy Group by 2,400.0% in the fourth 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. 77.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. Barclays boosted their price target 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. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. KeyCorp increased their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.60.

WEC Energy Group Price Performance

NYSE:WEC opened at $117.20 on Friday. The business’s 50-day moving average price is $113.17 and its 200 day moving average price is $111.98. The firm has a market cap of $38.17 billion, a P/E ratio of 23.39, a PEG ratio of 2.78 and a beta of 0.47. WEC Energy Group, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62. 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 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. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $2.27 EPS. WEC Energy Group’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 76.05%.

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 shares were sold at an average price of $110.96, for a total transaction 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 at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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.