Daiwa Securities Group Inc. Sells 14,997,778 Shares of WEC Energy Group, Inc. $WEC

Daiwa Securities Group Inc. lessened its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 99.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,414 shares of the utilities provider’s stock after selling 14,997,778 shares during the quarter. Daiwa Securities Group Inc.’s holdings in WEC Energy Group were worth $5,528,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the fourth quarter valued at about $25,000. Torren Management LLC bought a new stake in shares of WEC Energy Group in the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the second quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its position in shares of WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 264 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC stock opened at $112.91 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a market cap of $36.78 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.71 and a beta of 0.47. The business has a fifty day simple moving average of $113.97 and a 200 day simple moving average of $111.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping 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 business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $2.27 EPS. WEC Energy Group’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, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was 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 in the company, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WEC shares. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. 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. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.13.

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.