Legal & General Group Plc Sells 18,189 Shares of WEC Energy Group, Inc. $WEC

Legal & General Group Plc lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,679,059 shares of the utilities provider’s stock after selling 18,189 shares during the period. Legal & General Group Plc’s holdings in WEC Energy Group were worth $282,534,000 as of its most recent SEC filing.

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

WEC Energy Group Price Performance

NYSE:WEC opened at $113.16 on Wednesday. The firm has a market capitalization of $36.86 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.73 and a beta of 0.50. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The business has a 50 day simple moving average of $114.52 and a 200-day simple moving average of $111.66. 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 posted its quarterly earnings data 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. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WEC. Jefferies Financial Group cut their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. BTIG Research reiterated a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Truist Financial cut their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. cut their target price on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. One 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 stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average price target of $122.13.

About WEC Energy Group

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.