WEC Energy Group, Inc. $WEC Holdings Lowered by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 33.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 77,415 shares of the utilities provider’s stock after selling 38,417 shares during the period. Leeward Investments LLC MA’s holdings in WEC Energy Group were worth $8,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WEC. Torren Management LLC bought a new stake in shares of WEC Energy Group during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group during the second quarter worth about $27,000. Harbor Investment Advisory LLC grew its holdings in WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares during the period. Cornerstone Planning Group LLC grew its holdings in WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 264 shares during the period. Finally, GoalVest Advisory LLC grew its holdings in WEC Energy Group by 54.7% during the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 104 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the completion of the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. The trade was a 1.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Down 2.3%

Shares of WEC opened at $109.07 on Friday. The stock has a market capitalization of $35.53 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.68 and a beta of 0.50. The business’s 50-day moving average price is $115.01 and its 200 day moving average price is $111.73. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 1-year low of $102.49 and a 1-year high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. The business 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%.WEC Energy Group’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WEC shares. Jefferies Financial Group dropped their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. KeyCorp boosted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $122.44.

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.