Zions Bancorporation National Association UT Sells 4,832 Shares of WEC Energy Group, Inc. $WEC

Zions Bancorporation National Association UT lessened its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 13.8% in the third quarter, HoldingsChannel.com reports. The firm owned 30,212 shares of the utilities provider’s stock after selling 4,832 shares during the quarter. Zions Bancorporation National Association UT’s holdings in WEC Energy Group were worth $3,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new stake in shares of WEC Energy Group during the second quarter worth $26,000. Bayforest Capital Ltd bought a new stake in WEC Energy Group during the second quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group during the 2nd quarter worth about $27,000. Salomon & Ludwin LLC bought a new position in shares of WEC Energy Group in the 3rd quarter worth about $30,000. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of WEC Energy Group by 265.8% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Scott J. Lauber sold 8,089 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Trading Up 1.4%

NYSE:WEC opened at $115.63 on Monday. 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, Inc. has a one year low of $100.61 and a one year high of $118.18. The company has a market cap of $37.61 billion, a PE ratio of 23.94, a PEG ratio of 2.78 and a beta of 0.58. The firm has a 50-day moving average of $107.67 and a 200-day moving average of $109.90.

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

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is currently 78.88%.

Analysts Set New Price Targets

Several research firms recently commented on WEC. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 target price on shares of WEC Energy Group in a research note on Friday, January 23rd. KeyCorp reiterated an “overweight” rating on shares of WEC Energy Group in a research report on Friday, January 16th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Finally, Bank of America set a $116.00 target price on WEC Energy Group in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.07.

About WEC Energy Group

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.