Scott Lauber Sells 8,089 Shares of WEC Energy Group (NYSE:WEC) Stock

WEC Energy Group, Inc. (NYSE:WEC) CEO Scott Lauber sold 8,089 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the transaction, the chief executive officer owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

WEC Energy Group Price Performance

NYSE WEC opened at $112.95 on Wednesday. WEC Energy Group, Inc. has a 12 month low of $100.20 and a 12 month high of $118.18. The firm has a market capitalization of $36.74 billion, a PE ratio of 23.39, a P/E/G ratio of 2.68 and a beta of 0.58. The company’s 50 day simple moving average is $107.20 and its 200 day simple moving average is $109.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. WEC Energy Group’s dividend payout ratio is presently 73.91%.

Hedge Funds Weigh In On WEC Energy Group

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after buying an additional 819,627 shares during the period. Freestone Grove Partners LP grew its holdings in WEC Energy Group by 30,697.3% during the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after purchasing an additional 618,550 shares during the period. Balyasny Asset Management L.P. increased its stake in WEC Energy Group by 324.1% in the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after purchasing an additional 592,028 shares in the last quarter. Marshall Wace LLP raised its holdings in WEC Energy Group by 160.6% in the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after purchasing an additional 581,748 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in shares of WEC Energy Group during the third quarter worth $57,028,000. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WEC has been the subject of several recent analyst reports. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. UBS Group set a $116.00 price objective on shares of WEC Energy Group in a research note on Wednesday, December 31st. Wells Fargo & Company dropped their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Scotiabank upped their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and an average price target of $120.13.

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.