Caprock Group LLC Takes $706,000 Position in WEC Energy Group, Inc. $WEC

Caprock Group LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,567 shares of the utilities provider’s stock, valued at approximately $706,000.

A number of other hedge funds have also added to or reduced their stakes in WEC. CoreFirst Bank & Trust bought a new position in shares of WEC Energy Group in the 2nd quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the second quarter valued at approximately $27,000. Salomon & Ludwin LLC bought a new position in WEC Energy Group in the third quarter valued at approximately $30,000. New England Capital Financial Advisors LLC increased its position in shares of WEC Energy Group by 265.8% during the 2nd 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, NewSquare Capital LLC raised its stake in shares of WEC Energy Group by 60.5% during the 2nd quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 1.4%

Shares of WEC stock opened at $115.63 on Tuesday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.18. The stock’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $109.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The company has a market cap of $37.61 billion, a PE ratio of 23.94, a P/E/G ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data 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 return on equity of 12.40% and a net margin of 15.90%.The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company earned $1.43 EPS. WEC Energy Group’s revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS 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. Shareholders of record on Friday, February 13th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s payout ratio is presently 78.88%.

Analyst Upgrades and Downgrades

WEC has been the subject of several analyst reports. Wells Fargo & Company decreased 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 research note on Tuesday, January 20th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. BTIG Research reiterated a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a report on Friday, January 30th. Finally, UBS Group lowered their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.07.

Insider Activity

In other news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction 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 approximately $7,394,870.70. This represents a 10.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.