WEC Energy Group, Inc. $WEC Shares Acquired by Verity & Verity LLC

Verity & Verity LLC grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,502 shares of the utilities provider’s stock after buying an additional 4,762 shares during the quarter. Verity & Verity LLC’s holdings in WEC Energy Group were worth $14,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after buying an additional 264 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

NYSE WEC opened at $111.07 on Friday. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.67 and a beta of 0.50. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average of $114.22 and a 200 day moving average of $111.66.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during 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%.WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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 paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is 76.05%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WEC. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial decreased their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays boosted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Argus raised WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.13.

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.