Huntington National Bank Has $31.09 Million Position in WEC Energy Group, Inc. $WEC

Huntington National Bank lowered its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,348 shares of the utilities provider’s stock after selling 5,322 shares during the quarter. Huntington National Bank owned about 0.08% of WEC Energy Group worth $31,094,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in WEC Energy Group in the 2nd quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the second quarter valued at about $27,000. New England Capital Financial Advisors LLC increased its stake in shares of WEC Energy Group by 265.8% in the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 202 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of WEC Energy Group during the 3rd quarter worth about $30,000. Finally, NewSquare Capital LLC lifted its position in shares of WEC Energy Group by 60.5% during the 2nd quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,354 shares of company stock valued at $4,855,505 in the last 90 days. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on WEC shares. Mizuho lifted their price target on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. BMO Capital Markets reaffirmed a “market perform” rating and set a $121.00 target price on shares of WEC Energy Group in a research report on Friday, February 6th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a research note on Wednesday, December 31st. Wells Fargo & Company dropped their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.07.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $116.88 on Friday. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The stock has a fifty day moving average price of $109.85 and a two-hundred day moving average price of $110.26. The firm has a market capitalization of $38.05 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue 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. As a group, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm 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 $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

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.