Entropy Technologies LP Buys 18,058 Shares of WEC Energy Group, Inc. $WEC

Entropy Technologies LP lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 320.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,697 shares of the utilities provider’s stock after acquiring an additional 18,058 shares during the quarter. Entropy Technologies LP’s holdings in WEC Energy Group were worth $2,499,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Brown Advisory Inc. boosted its stake in shares of WEC Energy Group by 1.6% during the 4th quarter. Brown Advisory Inc. now owns 25,775 shares of the utilities provider’s stock worth $2,718,000 after acquiring an additional 407 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of WEC Energy Group by 7.0% during the 4th quarter. Kestra Advisory Services LLC now owns 38,687 shares of the utilities provider’s stock worth $4,080,000 after acquiring an additional 2,530 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of WEC Energy Group by 156.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 48,490 shares of the utilities provider’s stock worth $5,114,000 after purchasing an additional 29,567 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of WEC Energy Group during the 4th quarter worth about $10,150,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of WEC Energy Group by 2.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 187,554 shares of the utilities provider’s stock worth $19,785,000 after purchasing an additional 5,021 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Down 0.1%

WEC Energy Group stock opened at $113.30 on Monday. The business has a 50 day moving average price of $113.76 and a two-hundred day moving average price of $111.69. 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 stock has a market cap of $36.91 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.73 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 posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Barclays boosted their price objective on 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. Mizuho set a $124.00 price objective on WEC Energy Group in a research report on Wednesday, May 6th. KeyCorp boosted their price objective on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Truist Financial cut their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Hold” and an average target price of $122.13.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

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.