Insider Selling: WEC Energy Group (NYSE:WEC) Director Sells 25,000 Shares of Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Gale Klappa sold 25,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the sale, the director directly owned 276,600 shares of the company’s stock, valued at $31,930,704. This represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

WEC Energy Group Stock Performance

Shares of WEC traded down $1.50 during mid-day trading on Wednesday, hitting $113.95. 353,408 shares of the company’s stock were exchanged, compared to its average volume of 2,426,866. 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, Inc. has a 52 week low of $100.61 and a 52 week high of $118.18. The stock’s 50-day simple moving average is $108.11 and its 200-day simple moving average is $109.98. The firm has a market cap of $37.07 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.19 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

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

Wall Street Analyst Weigh In

WEC has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Barclays increased their price target on shares of 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. Scotiabank boosted their price objective on shares of WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. UBS Group reduced their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Bank of America set a $116.00 price target on WEC Energy Group in a research note on Wednesday, December 31st. One 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.07.

Institutional Trading of WEC Energy Group

A number of hedge funds and other institutional investors have recently modified their holdings of WEC. Inspire Investing LLC increased its position in WEC Energy Group by 15.5% in the 4th quarter. Inspire Investing LLC now owns 3,108 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 416 shares during the period. Investment Management Corp of Ontario grew its stake in shares of WEC Energy Group by 45.8% in the fourth quarter. Investment Management Corp of Ontario now owns 21,698 shares of the utilities provider’s stock worth $2,288,000 after purchasing an additional 6,816 shares during the last quarter. Janus Henderson Group PLC increased its holdings in WEC Energy Group by 3.3% in the fourth quarter. Janus Henderson Group PLC now owns 20,379 shares of the utilities provider’s stock valued at $2,149,000 after purchasing an additional 650 shares during the period. Gotham Asset Management LLC raised its position in WEC Energy Group by 11.1% during the 4th quarter. Gotham Asset Management LLC now owns 197,366 shares of the utilities provider’s stock worth $20,814,000 after purchasing an additional 19,794 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in WEC Energy Group during the 4th quarter worth $624,000. Institutional investors own 77.20% 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.