Insider Selling: WEC Energy Group (NYSE:WEC) CEO Sells $895,452.30 in Stock

WEC Energy Group, Inc. (NYSE:WEC) CEO Scott Lauber sold 8,089 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WEC Energy Group Stock Up 1.4%

Shares of WEC Energy Group stock opened at $115.63 on Friday. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The company has a market cap of $37.61 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $107.67 and a 200 day moving average price of $109.88.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion for 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 for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. 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 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

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

Hedge Funds Weigh In On WEC Energy Group

A number of institutional investors have recently modified their holdings of the company. CVA Family Office LLC grew its stake in WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after buying an additional 89 shares during the last quarter. Blossom Wealth Management boosted its holdings in WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 90 shares during the period. Inscription Capital LLC grew its position in shares of WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 91 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of WEC Energy Group by 1.6% in the second quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock worth $595,000 after purchasing an additional 92 shares during the period. Finally, Moors & Cabot Inc. lifted its position in shares of WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WEC. Wells Fargo & Company lowered their target price on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. Scotiabank raised their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. Finally, KeyCorp restated an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $120.07.

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.