Entropy Technologies LP Has $1.07 Million Holdings in WEC Energy Group, Inc. $WEC

Entropy Technologies LP cut its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 61.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 9,250 shares of the utilities provider’s stock after selling 14,447 shares during the period. Entropy Technologies LP’s holdings in WEC Energy Group were worth $1,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group during the fourth quarter valued at about $25,000. Torren Management LLC purchased a new stake in WEC Energy Group in the fourth quarter worth $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the second quarter valued at $27,000. Physician Wealth Advisors Inc. raised its stake in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEC. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Barclays increased 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. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.20.

Insiders Place Their Bets

In other 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 transaction of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

WEC Energy Group Trading Down 1.6%

NYSE:WEC opened at $113.91 on Tuesday. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The stock’s fifty day moving average price is $113.91 and its two-hundred day moving average price is $113.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market cap of $37.10 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.00 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.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 previous year, the business earned $2.27 earnings per share. The firm’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, analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s 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.