AE Wealth Management LLC Boosts Stock Position in WEC Energy Group, Inc. $WEC

AE Wealth Management LLC lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,008 shares of the utilities provider’s stock after purchasing an additional 6,238 shares during the period. AE Wealth Management LLC owned 0.05% of WEC Energy Group worth $18,773,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the second quarter worth about $27,000. Salomon & Ludwin LLC bought a new position in WEC Energy Group in the third quarter worth about $30,000. Harbor Investment Advisory LLC raised its stake in WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares in the last quarter. GoalVest Advisory LLC raised its stake in WEC Energy Group by 54.7% in the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in WEC Energy Group in the third quarter worth about $36,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of WEC stock opened at $115.80 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The company has a market capitalization of $37.72 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.80 and a beta of 0.53. The company’s 50-day simple moving average is $115.46 and its two-hundred day simple moving average is $111.95. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The company’s 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 analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be given a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is presently 78.88%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the sale, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the sale, the vice president directly owned 4,707 shares of the company’s stock, valued at $543,658.50. The trade was a 37.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 42,354 shares of company stock worth $4,855,505. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WEC. Wells Fargo & Company decreased their price target on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Barclays raised their price target on shares of WEC Energy Group from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group reduced their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, Bank of America set a $116.00 price target on WEC Energy Group in a report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $120.73.

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.