Marietta Investment Partners LLC Lowers Stock Holdings in WEC Energy Group, Inc. $WEC

Marietta Investment Partners LLC lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,523 shares of the utilities provider’s stock after selling 4,550 shares during the quarter. Marietta Investment Partners LLC’s holdings in WEC Energy Group were worth $2,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group in the 4th quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in WEC Energy Group in the 4th quarter valued at approximately $26,000. Osterweis Capital Management Inc. purchased a new stake in WEC Energy Group in the 2nd quarter valued at approximately $27,000. Harbor Investment Advisory LLC boosted its holdings in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

WEC Energy Group Price Performance

WEC stock opened at $110.26 on Thursday. The firm has a 50 day moving average of $114.00 and a 200-day moving average of $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 current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.65 and a beta of 0.47.

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

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Analyst Ratings Changes

A number of brokerages have weighed in on WEC. Argus raised WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Truist Financial lowered their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their price objective 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 objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.