Trust Co. of Vermont Purchases 251 Shares of WEC Energy Group, Inc. $WEC

Trust Co. of Vermont grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 26.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,188 shares of the utilities provider’s stock after buying an additional 251 shares during the period. Trust Co. of Vermont’s holdings in WEC Energy Group were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WEC. Truvestments Capital LLC purchased a new stake in WEC Energy Group during the first quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new position in shares of WEC Energy Group during the first quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter valued at $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group in the 1st quarter worth $32,000. Finally, WPG Advisers LLC purchased a new position in WEC Energy Group during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In related news, VP Anthony Reese sold 4,177 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the sale, the vice president directly owned 1,757 shares of the company’s stock, valued at $193,797.10. This trade represents a 70.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel Krueger sold 5,930 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the transaction, the executive vice president owned 6,606 shares of the company’s stock, valued at approximately $734,190.84. This represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of research analyst reports. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. UBS Group set a $107.00 price objective on shares of WEC Energy Group and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group downgraded shares of WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.89.

WEC Energy Group Stock Performance

WEC opened at $111.97 on Friday. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $114.97. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $36.04 billion, a PE ratio of 21.45, a P/E/G ratio of 3.11 and a beta of 0.47. The firm has a 50 day moving average of $109.29 and a two-hundred day moving average of $107.34.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.8925 per share. The ex-dividend date was Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.39%.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.