Midwest Trust Co Purchases 4,578 Shares of WEC Energy Group, Inc. $WEC

Midwest Trust Co raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 191.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,965 shares of the utilities provider’s stock after acquiring an additional 4,578 shares during the period. Midwest Trust Co’s holdings in WEC Energy Group were worth $798,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd bought a new position in WEC Energy Group in the second quarter worth $26,000. CoreFirst Bank & Trust bought a new position in shares of WEC Energy Group during the 2nd quarter worth about $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the 2nd quarter worth about $27,000. New England Capital Financial Advisors LLC boosted its position in shares of WEC Energy Group by 265.8% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in WEC Energy Group in the third quarter valued at about $30,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Up 0.8%

Shares of WEC opened at $114.03 on Friday. The company has a market capitalization of $37.09 billion, a P/E ratio of 23.61, a PEG ratio of 2.72 and a beta of 0.58. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $118.18. The business’s 50 day simple moving average is $107.48 and its 200-day simple moving average is $109.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is currently 73.91%.

Wall Street Analyst Weigh In

WEC has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. UBS Group dropped their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group cut their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Wells Fargo & Company lowered their price target on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, TD Cowen began coverage on WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.07.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

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.