Insider Selling: WEC Energy Group (NYSE:WEC) Director Sells $582,750.00 in Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Gale Klappa sold 5,000 shares of the 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 in the company, valued at $32,237,730. This represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

WEC Energy Group Stock Up 0.1%

Shares of WEC opened at $114.36 on Friday. The firm has a 50 day simple moving average of $108.73 and a two-hundred day simple moving average of $110.05. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $118.18. The company has a market cap of $37.20 billion, a P/E ratio of 23.68, a P/E/G ratio of 2.74 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company posted $1.43 EPS. The company’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. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Mizuho boosted their price target on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and an average price target of $120.07.

Institutional Investors Weigh In On WEC Energy Group

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in shares of WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 2,417 shares during the period. Woodline Partners LP lifted its position in shares of WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after purchasing an additional 7,841 shares during the period. Nordea Investment Management AB boosted its stake in shares of WEC Energy Group by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 15,055 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 354 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of WEC Energy Group during the second quarter worth $1,219,000. Finally, Chicago Partners Investment Group LLC raised its stake in WEC Energy Group by 20.0% during the second quarter. Chicago Partners Investment Group LLC now owns 2,388 shares of the utilities provider’s stock worth $260,000 after buying an additional 398 shares during the last quarter. 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.