Boston Trust Walden Corp Decreases Stock Position in WEC Energy Group, Inc. $WEC

Boston Trust Walden Corp lessened its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,898 shares of the utilities provider’s stock after selling 4,690 shares during the quarter. Boston Trust Walden Corp owned about 0.06% of WEC Energy Group worth $20,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WEC. Freestone Grove Partners LP lifted its position in shares of WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after acquiring an additional 618,550 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of WEC Energy Group by 324.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after acquiring an additional 592,028 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in WEC Energy Group during the third quarter worth about $57,028,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of WEC Energy Group during the 3rd quarter worth approximately $40,362,000. Finally, Envestnet Asset Management Inc. grew its position in WEC Energy Group by 12.4% in the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after acquiring an additional 337,300 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. This represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,354 shares of company stock valued at $4,855,505 in the last three months. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Down 0.2%

NYSE:WEC opened at $113.40 on Thursday. The firm has a market cap of $36.93 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. The stock has a fifty day moving average price of $115.55 and a 200 day moving average price of $111.95. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $119.62. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.WEC Energy Group’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.6 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a $0.9525 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is 78.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. Jefferies Financial Group reduced their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research report on Friday, February 6th. Mizuho lifted their target price on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $121.94.

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.