Global Trust Wealth Management LLC Invests $3.10 Million in WEC Energy Group, Inc. $WEC

Global Trust Wealth Management LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the 4th quarter, HoldingsChannel reports. The fund bought 29,428 shares of the utilities provider’s stock, valued at approximately $3,103,000. WEC Energy Group accounts for approximately 2.3% of Global Trust Wealth Management LLC’s holdings, making the stock its 10th largest holding.

Other large investors also recently modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $27,000. Harbor Investment Advisory LLC boosted its position in shares of WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group during the 3rd quarter worth approximately $30,000. GoalVest Advisory LLC boosted its position in shares of WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of WEC Energy Group during the 3rd quarter worth approximately $36,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WEC shares. Barclays increased their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday. Bank of America set a $116.00 price objective on WEC Energy Group in a research note on Wednesday, December 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Truist Financial assumed coverage on WEC Energy Group in a research note on Monday. They issued a “hold” rating and a $124.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.94.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $113.59 on Wednesday. The company’s 50 day moving average price is $115.55 and its two-hundred day moving average price is $111.94. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62. The firm has a market capitalization of $37.00 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts forecast that WEC Energy Group, Inc. will post 5.6 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

Insider Transactions at WEC Energy Group

In other news, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president owned 4,707 shares in the company, valued at approximately $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the transaction, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.46% of the company’s stock.

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.