Dockside LLC Makes New $2.34 Million Investment in WEC Energy Group, Inc. $WEC

Dockside LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,192 shares of the utilities provider’s stock, valued at approximately $2,340,000.

Other large investors have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in WEC Energy Group in the 4th quarter worth approximately $25,000. Torren Management LLC bought a new stake in WEC Energy Group in the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the 2nd quarter worth approximately $27,000. Harbor Investment Advisory LLC increased 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 valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of 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 valued at $30,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WEC shares. Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. KeyCorp boosted their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Truist Financial cut their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. One 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 company. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus target price of $122.13.

WEC Energy Group Trading Up 0.2%

WEC opened at $113.30 on Friday. The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.73 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The stock has a fifty day moving average price of $113.76 and a 200-day moving average price of $111.68.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. The firm 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently announced 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 yield of 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend 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.