Focus Partners Wealth Sells 8,094 Shares of WEC Energy Group, Inc. $WEC

Focus Partners Wealth lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,928 shares of the utilities provider’s stock after selling 8,094 shares during the quarter. Focus Partners Wealth’s holdings in WEC Energy Group were worth $2,390,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WEC. Truvestments Capital LLC bought a new position in WEC Energy Group during the first quarter worth about $25,000. Hughes Financial Services LLC bought a new position in WEC Energy Group during the first quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in WEC Energy Group during the first quarter worth about $32,000. WPG Advisers LLC bought a new position in WEC Energy Group during the first quarter worth about $35,000. Finally, Golden State Wealth Management LLC boosted its position in WEC Energy Group by 252.6% during the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 245 shares during the period. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel Krueger sold 5,930 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the sale, the executive vice president directly owned 6,606 shares of the company’s stock, valued at $734,190.84. This trade represents a 47.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 5,960 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $110.98, for a total transaction of $661,440.80. Following the completion of the sale, the director directly owned 274,969 shares in the company, valued at $30,516,059.62. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,448 shares of company stock valued at $7,581,132 over the last three months. Corporate insiders own 0.50% of the company’s stock.

WEC Energy Group Trading Down 2.0%

Shares of WEC Energy Group stock opened at $108.71 on Wednesday. The company’s 50-day moving average price is $108.15 and its 200-day moving average price is $106.89. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.05 and a beta of 0.44. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $111.90.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. WEC Energy Group’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 14th were paid a $0.8925 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 68.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WEC shares. The Goldman Sachs Group lowered shares of WEC Energy Group from a “neutral” rating to a “sell” rating and cut their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group set a $107.00 target price on shares of WEC Energy Group and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.40.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.