ABC Arbitrage SA Buys New Shares in WEC Energy Group, Inc. $WEC

ABC Arbitrage SA bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 9,846 shares of the utilities provider’s stock, valued at approximately $1,140,000.

A number of other institutional investors have also bought and sold shares of the business. Nicholson Wealth Management Group LLC grew its holdings in WEC Energy Group by 3.7% during the 1st quarter. Nicholson Wealth Management Group LLC now owns 18,414 shares of the utilities provider’s stock valued at $2,132,000 after buying an additional 663 shares in the last quarter. AMG National Trust Bank grew its holdings in shares of WEC Energy Group by 14.5% in the first quarter. AMG National Trust Bank now owns 2,433 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 308 shares in the last quarter. Mattern Capital Management LLC grew its holdings in shares of WEC Energy Group by 29.1% in the first quarter. Mattern Capital Management LLC now owns 109,948 shares of the utilities provider’s stock valued at $12,729,000 after purchasing an additional 24,812 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in WEC Energy Group by 2.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 36,749 shares of the utilities provider’s stock worth $4,254,000 after purchasing an additional 775 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in WEC Energy Group by 29.2% in the first quarter. Bleakley Financial Group LLC now owns 16,695 shares of the utilities provider’s stock worth $1,933,000 after purchasing an additional 3,776 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.7%

WEC stock opened at $115.73 on Tuesday. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The firm’s 50-day moving average is $113.59 and its 200 day moving average is $113.04. The company has a market capitalization of $37.70 billion, a PE ratio of 23.10, a P/E/G ratio of 2.76 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group (NYSE:WEC) last issued its 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 company had revenue of $3.43 billion for 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 prior year, the business earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Analysts Set New Price Targets

Several analysts have 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. JPMorgan Chase & Co. dropped their price target 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. Truist Financial dropped their price target on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Barclays boosted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.60.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the 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 transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.