Daniel Krueger Sells 4,665 Shares of WEC Energy Group (NYSE:WEC) Stock

WEC Energy Group, Inc. (NYSE:WEC) EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

WEC Energy Group Stock Up 1.3%

Shares of WEC Energy Group stock opened at $112.12 on Friday. The stock has a 50-day moving average price of $114.65 and a 200 day moving average price of $111.62. The company has a market cap of $36.52 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.66 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the 2nd quarter worth about $27,000. Physician Wealth Advisors Inc. raised its stake in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 214 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WEC. Truist Financial reduced their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. Finally, Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned 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 an average target price of $122.13.

About WEC Energy Group

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.