J.W. Cole Advisors Inc. Sells 6,278 Shares of WEC Energy Group, Inc. $WEC

J.W. Cole Advisors Inc. decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 21,764 shares of the utilities provider’s stock after selling 6,278 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in WEC Energy Group were worth $2,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEC. Vanguard Group Inc. increased its position in WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares in the last quarter. Freestone Grove Partners LP boosted its stake in shares of WEC Energy Group by 30,697.3% in the 3rd quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after purchasing an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of WEC Energy Group by 324.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after buying an additional 592,028 shares during the period. Pictet Asset Management Holding SA grew its position in shares of WEC Energy Group by 195.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after buying an additional 318,846 shares during the period. Finally, Mairs & Power Inc. grew its position in shares of WEC Energy Group by 20.2% during the 3rd quarter. Mairs & Power Inc. now owns 1,793,851 shares of the utilities provider’s stock worth $205,557,000 after buying an additional 301,323 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was 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 this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price target on shares of 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. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Barclays lifted 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. 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 issued a Sell rating to the company’s stock. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Hold” and an average target price of $122.13.

WEC Energy Group Trading Down 0.0%

Shares of NYSE:WEC opened at $112.91 on Monday. The company’s fifty day simple moving average is $113.97 and its 200 day simple moving average is $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. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.71 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates 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 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 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s payout ratio is currently 76.05%.

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.