WEC Energy Group (NYSE:WEC) VP Sells $325,132.50 in Stock

WEC Energy Group, Inc. (NYSE:WEC) VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the sale, the vice president owned 4,707 shares in the company, valued at $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WEC Energy Group Price Performance

NYSE:WEC traded down $1.50 during trading hours on Wednesday, reaching $113.95. 353,408 shares of the company’s stock were exchanged, compared to its average volume of 2,426,866. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $37.07 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18. The business’s 50-day simple moving average is $108.11 and its two-hundred day simple moving average is $109.98.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WEC. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. KeyCorp restated an “overweight” rating on shares of WEC Energy Group in a report on Friday, January 16th. BTIG Research restated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.07.

Institutional Investors Weigh In On WEC Energy Group

Several large investors have recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group in the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group during the 4th quarter worth $26,000. CoreFirst Bank & Trust bought a new position in shares of WEC Energy Group during the 2nd quarter valued at $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the 2nd quarter valued at $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group in the 3rd quarter valued at $30,000. Institutional investors own 77.20% of the company’s stock.

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.