WEC Energy Group, Inc. $WEC Position Lessened by Resources Management Corp CT ADV

Resources Management Corp CT ADV decreased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 90.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,409 shares of the utilities provider’s stock after selling 49,883 shares during the period. Resources Management Corp CT ADV’s holdings in WEC Energy Group were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in WEC. Empowered Funds LLC lifted its holdings in shares of WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 2,417 shares during the last quarter. Woodline Partners LP increased its position in WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after acquiring an additional 7,841 shares during the period. Cerity Partners LLC increased its position in WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after acquiring an additional 3,006 shares during the period. Qube Research & Technologies Ltd increased its position in WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after acquiring an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC increased its position in WEC Energy Group by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after acquiring an additional 4,730 shares during the period. Institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $114.05 on Tuesday. The stock has a market cap of $37.15 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.73 and a beta of 0.47. The business has a fifty day simple moving average of $113.69 and a 200-day simple moving average of $111.71. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. 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 released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial lowered their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp lifted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Mizuho set a $124.00 price target on WEC Energy Group in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WEC Energy Group has a consensus rating of “Hold” and a consensus target price of $122.13.

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.