WEC Energy Group, Inc. $WEC Shares Acquired by Security National Bank

Security National Bank grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 78.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,027 shares of the utilities provider’s stock after buying an additional 7,472 shares during the period. Security National Bank’s holdings in WEC Energy Group were worth $1,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. John G Ullman & Associates Inc. grew its holdings in shares of WEC Energy Group by 4.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 2,566 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 100 shares during the period. Barr E S & Co. purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at about $305,000. Canada Post Corp Registered Pension Plan grew its holdings in shares of WEC Energy Group by 29.8% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 7,452 shares of the utilities provider’s stock valued at $786,000 after purchasing an additional 1,710 shares during the period. Arbor Trust Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at about $329,000. Finally, Dana Investment Advisors Inc. grew its holdings in shares of WEC Energy Group by 7.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 17,814 shares of the utilities provider’s stock valued at $1,879,000 after purchasing an additional 1,256 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WEC. KeyCorp upped their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. Barclays increased their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has a consensus rating of “Hold” and an average target price of $122.44.

Insider Activity

In other news, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction of $582,750.00. Following the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Trading Down 2.3%

Shares of WEC stock opened at $109.07 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The firm has a market cap of $35.53 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.62 and a beta of 0.50. The company has a 50-day moving average of $115.01 and a two-hundred day moving average of $111.73. WEC Energy Group, Inc. has a 1-year low of $102.49 and a 1-year high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

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.