Concurrent Investment Advisors LLC Buys 4,689 Shares of WEC Energy Group, Inc. $WEC

Concurrent Investment Advisors LLC grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,646 shares of the utilities provider’s stock after buying an additional 4,689 shares during the period. Concurrent Investment Advisors LLC’s holdings in WEC Energy Group were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at WEC Energy Group

In other news, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction 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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,354 shares of company stock valued at $4,855,505 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of recent research reports. Barclays raised their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Jefferies Financial Group cut their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. BTIG Research reissued a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. Finally, Royal Bank Of Canada reissued 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 investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $121.94.

WEC Energy Group Stock Up 0.5%

NYSE WEC opened at $115.19 on Tuesday. 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 company has a fifty day moving average of $115.56 and a two-hundred day moving average of $111.95. The firm has a market capitalization of $37.52 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.75 and a beta of 0.53. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $119.62.

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

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th 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 3.3%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s 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.