Rathbones Group PLC Boosts Stock Position in WEC Energy Group, Inc. $WEC

Rathbones Group PLC raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 787,535 shares of the utilities provider’s stock after purchasing an additional 38,600 shares during the quarter. Rathbones Group PLC’s holdings in WEC Energy Group were worth $83,053,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in WEC Energy Group by 7.0% during the 4th quarter. IFP Advisors Inc now owns 14,866 shares of the utilities provider’s stock valued at $1,568,000 after purchasing an additional 967 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in WEC Energy Group by 58.3% during the 4th quarter. Banque Cantonale Vaudoise now owns 4,341 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 1,598 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in WEC Energy Group by 39.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,237 shares of the utilities provider’s stock valued at $236,000 after purchasing an additional 636 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in WEC Energy Group during the 4th quarter valued at about $621,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of WEC Energy Group by 377.5% in the 4th quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock valued at $1,652,000 after buying an additional 12,385 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Truist Financial decreased their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $122.13.

Insider Transactions at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares of the company’s stock, valued at $2,353,998.60. The trade was a 6.59% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $110.70 on Thursday. The stock has a market cap of $36.06 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50. The business has a 50-day simple moving average of $114.69 and a 200-day simple moving average of $111.62. 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, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62.

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 the consensus estimate of $2.30 by $0.15. The business 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 company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 76.05%.

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.