172,033 Shares in WEC Energy Group, Inc. $WEC Acquired by DDD Partners LLC

DDD Partners LLC purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 172,033 shares of the utilities provider’s stock, valued at approximately $19,713,000. WEC Energy Group comprises approximately 1.3% of DDD Partners LLC’s holdings, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC lifted its holdings in shares of WEC Energy Group by 75.2% in the 3rd quarter. Ameritas Advisory Services LLC now owns 27,910 shares of the utilities provider’s stock worth $3,198,000 after purchasing an additional 11,981 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of WEC Energy Group by 16.8% in the third quarter. Metis Global Partners LLC now owns 33,546 shares of the utilities provider’s stock valued at $3,844,000 after buying an additional 4,825 shares in the last quarter. Assetmark Inc. grew its holdings in shares of WEC Energy Group by 14.4% during the third quarter. Assetmark Inc. now owns 170,870 shares of the utilities provider’s stock valued at $19,580,000 after buying an additional 21,525 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of WEC Energy Group by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 69,448 shares of the utilities provider’s stock valued at $7,958,000 after buying an additional 3,737 shares during the last quarter. Finally, Moment Partners LLC increased its position in shares of WEC Energy Group by 5.3% during the third quarter. Moment Partners LLC now owns 3,648 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $115.63 on Friday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.18. The stock’s 50 day moving average price is $107.67 and its 200-day moving average price is $109.88. The company has a market capitalization of $37.61 billion, a PE ratio of 23.94, a PEG ratio of 2.74 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $2.54 billion during 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%.WEC Energy Group’s revenue was down 8.8% on a year-over-year basis. 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. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th 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 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 (DPR) is presently 73.91%.

Analyst Ratings Changes

Several brokerages recently weighed in on WEC. 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 report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. BTIG Research reaffirmed a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Finally, Bank of America set a $116.00 price target on WEC Energy Group in a research report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.07.

Insider Buying and Selling at WEC Energy Group

In related news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction dated 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 transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

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.