WEC Energy Group, Inc. $WEC Shares Sold by Marietta Investment Partners LLC

Marietta Investment Partners LLC reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,523 shares of the utilities provider’s stock after selling 4,550 shares during the period. Marietta Investment Partners LLC’s holdings in WEC Energy Group were worth $2,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WEC. Empowered Funds LLC raised its position in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 2,417 shares during the last quarter. Woodline Partners LP raised its position in shares of WEC Energy Group by 41.3% during the 1st 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 during the last quarter. Cerity Partners LLC raised its position in shares of WEC Energy Group by 7.3% during the 2nd 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 during the last quarter. Qube Research & Technologies Ltd raised its position in shares of WEC Energy Group by 477.4% during the 2nd 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 during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of WEC Energy Group by 8.8% during the 2nd 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 during the last quarter. 77.20% of the stock is currently 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 on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly 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 Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp boosted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. Barclays boosted their price target on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a report 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $122.13.

WEC Energy Group Trading Up 0.0%

Shares of WEC opened at $110.26 on Thursday. The stock has a fifty day moving average of $114.00 and a two-hundred day moving average of $111.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market capitalization of $35.91 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62.

WEC Energy Group (NYSE:WEC) last announced 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. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the company earned $2.27 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts forecast 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. Stockholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is currently 76.05%.

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.