Marks Group Wealth Management Inc Purchases 4,659 Shares of WEC Energy Group, Inc. $WEC

Marks Group Wealth Management Inc raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 43.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,287 shares of the utilities provider’s stock after purchasing an additional 4,659 shares during the quarter. Marks Group Wealth Management Inc’s holdings in WEC Energy Group were worth $1,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WEC. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group during the fourth quarter valued at about $25,000. Torren Management LLC purchased a new stake in WEC Energy Group during the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. purchased a new stake in WEC Energy Group during the second quarter valued at about $27,000. Harbor Investment Advisory LLC lifted its holdings in WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Trading Up 1.7%

Shares of WEC Energy Group stock opened at $113.12 on Wednesday. WEC Energy Group, Inc. has a 12-month low of $102.49 and a 12-month high of $119.62. The company has a market cap of $36.85 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.67 and a beta of 0.47. 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 company’s 50-day moving average price is $113.89 and its 200-day moving average price is $111.63.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is 76.05%.

Analysts Set New Price Targets

WEC has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. 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. Truist Financial dropped their price objective on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Barclays increased their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.13.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.