Dougherty & Associates LLC Takes Position in WEC Energy Group, Inc. $WEC

Dougherty & Associates LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,252 shares of the utilities provider’s stock, valued at approximately $554,000.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in WEC Energy Group during the 4th quarter worth $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group during the 2nd quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in WEC Energy Group by 2,400.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after buying an additional 264 shares during the period. Harbor Investment Advisory LLC raised its stake in 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 buying an additional 200 shares during the period. Finally, GoalVest Advisory LLC raised its stake in 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 buying an additional 104 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC opened at $109.07 on Monday. The business’s 50-day moving average price is $115.01 and its two-hundred day moving average price is $111.69. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The company has a market capitalization of $35.53 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.62 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business posted $2.27 EPS. The company’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. Equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group dropped their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Truist Financial assumed coverage on WEC Energy Group in a research note on Monday, April 20th. They set a “hold” rating and a $124.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Hold” and a consensus price target of $122.44.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total value of $582,750.00. Following the completion of the sale, the director directly owned 276,600 shares in the company, valued at $32,237,730. This represents 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 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.