WEC Energy Group, Inc. $WEC Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 62.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,024 shares of the utilities provider’s stock after selling 5,111 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in WEC Energy Group were worth $347,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WEC. TIAA Trust National Association grew its stake in shares of WEC Energy Group by 8.7% during the 3rd quarter. TIAA Trust National Association now owns 14,845 shares of the utilities provider’s stock worth $1,701,000 after purchasing an additional 1,194 shares during the period. Banco Santander S.A. purchased a new position in WEC Energy Group during the third quarter worth approximately $384,000. IAG Wealth Partners LLC grew its stake in WEC Energy Group by 75.8% in the 3rd quarter. IAG Wealth Partners LLC now owns 10,680 shares of the utilities provider’s stock valued at $1,224,000 after acquiring an additional 4,606 shares during the period. Choreo LLC raised its position in WEC Energy Group by 1.4% during the third quarter. Choreo LLC now owns 10,051 shares of the utilities provider’s stock worth $1,152,000 after acquiring an additional 136 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in WEC Energy Group by 4.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after purchasing an additional 24,805 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the sale, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 42,354 shares of company stock worth $4,855,505. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $116.88 on Friday. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. 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 firm has a market capitalization of $38.05 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. The business has a 50 day simple moving average of $109.85 and a 200-day simple moving average of $110.26.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio is presently 78.88%.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating and set a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. Mizuho lifted their price objective on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. Finally, Barclays boosted their price target on WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.07.

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.