Huntington National Bank Sells 5,322 Shares of WEC Energy Group, Inc. $WEC

Huntington National Bank lessened its stake in WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,348 shares of the utilities provider’s stock after selling 5,322 shares during the period. Huntington National Bank’s holdings in WEC Energy Group were worth $31,094,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WEC. Vanguard Group Inc. increased its stake in shares of WEC Energy Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock valued at $4,615,722,000 after buying an additional 334,563 shares during the period. Geode Capital Management LLC boosted its holdings in WEC Energy Group by 2.8% in the second quarter. Geode Capital Management LLC now owns 8,594,608 shares of the utilities provider’s stock valued at $892,020,000 after acquiring an additional 235,653 shares during the last quarter. Envestnet Asset Management Inc. increased its position in WEC Energy Group by 12.4% in the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the period. Legal & General Group Plc raised its holdings in WEC Energy Group by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 2,609,802 shares of the utilities provider’s stock worth $271,941,000 after purchasing an additional 162,963 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in WEC Energy Group by 9.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after purchasing an additional 226,894 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $116.88 on Friday. The stock’s fifty day simple moving average is $109.85 and its 200 day simple moving average is $110.26. 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 company has a market capitalization of $38.05 billion, a PE ratio of 24.20, a PEG ratio of 2.78 and a beta of 0.58. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently announced 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. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is 78.88%.

Wall Street Analyst Weigh In

WEC has been the subject of several analyst reports. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research report on Wednesday, December 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. BTIG Research reissued a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. KeyCorp reaffirmed an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. Finally, Barclays increased their target price on WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. One research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.07.

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 8,089 shares of the company’s stock in a transaction that occurred on 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 owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the sale, the director owned 276,600 shares in the company, valued at approximately $31,930,704. The trade was a 8.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 42,354 shares of company stock worth $4,855,505. Corporate 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.