SG Americas Securities LLC Sells 26,111 Shares of WEC Energy Group, Inc. $WEC

SG Americas Securities LLC reduced its stake in WEC Energy Group, Inc. (NYSE:WEC) by 42.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,970 shares of the utilities provider’s stock after selling 26,111 shares during the quarter. SG Americas Securities LLC’s holdings in WEC Energy Group were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WEC. Bayforest Capital Ltd bought a new stake in shares of WEC Energy Group during the 2nd quarter worth $26,000. CoreFirst Bank & Trust purchased a new stake in WEC Energy Group during the second 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. New England Capital Financial Advisors LLC lifted its stake in WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of WEC Energy Group in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $104.68 on Monday. The stock has a market capitalization of $34.05 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.47 and a beta of 0.58. The firm’s 50-day moving average price is $107.90 and its two-hundred day moving average price is $109.16. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. WEC Energy Group, Inc. has a 12-month low of $92.85 and a 12-month high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. The company had revenue of $2.28 billion for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, equities analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current 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 paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is presently 72.02%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WEC shares. Royal Bank Of Canada set a $131.00 target price on WEC Energy Group in a research report on Monday, October 27th. Mizuho set a $125.00 price objective on shares of WEC Energy Group in a report on Monday, October 27th. UBS Group set a $116.00 price objective on shares of WEC Energy Group in a research note on Wednesday, December 31st. BTIG Research upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $120.64.

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.