WEC Energy Group, Inc. $WEC Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,429 shares of the utilities provider’s stock after selling 49,361 shares during the quarter. Natixis Advisors LLC’s holdings in WEC Energy Group were worth $35,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WEC. London & Capital Asset Management Ltd grew its holdings in shares of WEC Energy Group by 48.1% during the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock worth $3,609,000 after buying an additional 10,231 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of WEC Energy Group by 4.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock worth $72,895,000 after buying an additional 24,805 shares in the last quarter. Park National Corp OH lifted its stake in shares of WEC Energy Group by 4,008.6% in the fourth quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock worth $14,238,000 after buying an additional 131,724 shares in the last quarter. Rathbones Group PLC boosted its position in WEC Energy Group by 2.3% during the third quarter. Rathbones Group PLC now owns 748,935 shares of the utilities provider’s stock worth $85,820,000 after acquiring an additional 16,800 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in WEC Energy Group by 75.2% during the third quarter. Ameritas Advisory Services LLC now owns 27,910 shares of the utilities provider’s stock worth $3,198,000 after acquiring an additional 11,981 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Up 1.0%

NYSE WEC opened at $111.16 on Friday. The firm’s 50-day moving average is $113.96 and its two-hundred day moving average is $111.61. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The stock has a market capitalization of $36.21 billion, a P/E ratio of 22.19, a PEG ratio of 2.65 and a beta of 0.47.

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

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. BMO Capital Markets reissued 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. Truist Financial cut their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $122.13.

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.