WEC Energy Group, Inc. $WEC Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,179 shares of the utilities provider’s stock after selling 4,844 shares during the quarter. Intech Investment Management LLC’s holdings in WEC Energy Group were worth $2,339,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC grew its position in WEC Energy Group by 4.7% in the fourth quarter. CFS Investment Advisory Services LLC now owns 2,613 shares of the utilities provider’s stock worth $276,000 after buying an additional 117 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the fourth quarter worth $25,000. Huntington National Bank increased its stake in shares of WEC Energy Group by 1.2% in the fourth quarter. Huntington National Bank now owns 274,584 shares of the utilities provider’s stock worth $28,958,000 after acquiring an additional 3,236 shares during the last quarter. Connecticut Capital Management Group LLC acquired a new position in shares of WEC Energy Group in the fourth quarter worth $278,000. Finally, Community Bank & Trust Waco Texas increased its stake in shares of WEC Energy Group by 5.1% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WEC shares. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. KeyCorp upped their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. Truist Financial decreased their price objective on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.13.

WEC Energy Group Stock Up 0.0%

WEC stock opened at $110.26 on Thursday. 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, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62. The company has a 50-day moving average of $114.00 and a two-hundred day moving average of $111.61. The stock has a market capitalization of $35.91 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results 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 period in the prior year, the company earned $2.27 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.