Global Retirement Partners LLC Has $3.06 Million Stock Position in WEC Energy Group, Inc. $WEC

Global Retirement Partners LLC lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 22.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,968 shares of the utilities provider’s stock after purchasing an additional 5,260 shares during the period. Global Retirement Partners LLC’s holdings in WEC Energy Group were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WEC. Empowered Funds LLC lifted its stake in shares of WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after buying an additional 2,417 shares during the last quarter. Woodline Partners LP increased its position in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after acquiring an additional 7,841 shares during the period. Cerity Partners LLC increased its position in WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after acquiring an additional 3,006 shares during the period. Qube Research & Technologies Ltd increased its position in WEC Energy Group by 477.4% during the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after acquiring an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC increased its position in WEC Energy Group by 8.8% during the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after acquiring an additional 4,730 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Up 1.0%

Shares of WEC stock opened at $113.28 on Friday. WEC Energy Group, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The firm has a fifty day moving average of $114.64 and a 200-day moving average of $111.63.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) 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 analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the company posted $2.27 EPS. The business’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. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be paid a $0.9525 dividend. The ex-dividend date is 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 is currently 76.05%.

Insiders Place Their Bets

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction 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 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 SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This represents 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.

Analyst Ratings Changes

WEC has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. BTIG Research reaffirmed a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Barclays boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.13.

About WEC Energy Group

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.