WEC Energy Group, Inc. $WEC Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 579,000 shares of the utilities provider’s stock after purchasing an additional 42,083 shares during the period. Hsbc Holdings PLC’s holdings in WEC Energy Group were worth $61,091,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group in the fourth quarter worth about $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group during the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group during the second quarter valued at about $27,000. Cornerstone Planning Group LLC raised its position in shares of WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction dated 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. The trade was a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WEC has been the topic of several research analyst reports. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp raised their price target 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. Barclays lifted their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Finally, Truist Financial reduced their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $122.12.

WEC Energy Group Stock Performance

WEC opened at $112.97 on Tuesday. 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 12-month low of $102.49 and a 12-month high of $119.62. The firm has a 50 day moving average of $113.23 and a two-hundred day moving average of $111.78. The firm has a market capitalization of $36.80 billion, a PE ratio of 22.55, a P/E/G ratio of 2.70 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

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.