Legacy Wealth Managment LLC ID Grows Stock Position in WEC Energy Group, Inc. $WEC

Legacy Wealth Managment LLC ID lifted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 10,695.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,693 shares of the utilities provider’s stock after buying an additional 6,631 shares during the period. Legacy Wealth Managment LLC ID’s holdings in WEC Energy Group were worth $706,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WEC. Torren Management LLC purchased a new position in shares of WEC Energy Group in the fourth quarter worth about $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the second quarter worth about $27,000. Harbor Investment Advisory LLC grew its stake in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 264 shares during the last quarter. Finally, GoalVest Advisory LLC grew its stake in shares of WEC Energy Group by 54.7% in the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $111.70 on Friday. The stock’s 50 day simple moving average is $115.58 and its two-hundred day simple moving average is $111.90. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.44 and a current ratio of 0.68. The stock has a market cap of $36.38 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.71 and a beta of 0.50. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating 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 return on equity of 12.72% and a net margin of 16.25%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s payout ratio is presently 76.05%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Friday, January 23rd. Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday. KeyCorp raised their target price on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $122.13.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group 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 sale, the vice president directly owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. The trade was a 37.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total value of $582,750.00. Following the sale, the director directly owned 276,600 shares in the company, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,354 shares of company stock valued at $4,855,505. Insiders own 0.46% of the company’s stock.

WEC Energy Group 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.