Advisors Asset Management Inc. Sells 4,732 Shares of WEC Energy Group, Inc. $WEC

Advisors Asset Management Inc. cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 24.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,603 shares of the utilities provider’s stock after selling 4,732 shares during the period. Advisors Asset Management Inc.’s holdings in WEC Energy Group were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WEC. Bayforest Capital Ltd acquired a new position in WEC Energy Group during the 2nd quarter worth $26,000. CoreFirst Bank & Trust bought a new stake in shares of WEC Energy Group during the second quarter worth $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group during the second quarter worth $27,000. New England Capital Financial Advisors LLC lifted its stake in shares of 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 valued at $29,000 after acquiring an additional 202 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in WEC Energy Group in the third quarter valued at about $30,000. 77.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WEC has been the subject of several recent research reports. Scotiabank upped their target price on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. BTIG Research reaffirmed a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. Wells Fargo & Company lowered their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their price target on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.07.

Insider Buying and Selling

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the transaction, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Stock Up 1.4%

Shares of WEC stock opened at $115.63 on Monday. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $118.18. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average of $107.67 and a 200-day moving average of $109.90. The company has a market capitalization of $37.61 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, February 13th. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

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.