WEC Energy Group, Inc. $WEC Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,968 shares of the utilities provider’s stock after purchasing an additional 5,260 shares during the period. Global Retirement Partners LLC’s holdings in WEC Energy Group were worth $3,055,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. CVA Family Office LLC grew its stake in shares of WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 89 shares during the last quarter. Inscription Capital LLC grew its stake in shares of WEC Energy Group by 4.7% in the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. Matrix Trust Co grew its stake in shares of WEC Energy Group by 0.7% in the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after purchasing an additional 95 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $113.28 on Friday. The firm’s 50 day simple moving average is $114.64 and its 200-day simple moving average is $111.63. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62. The company has a market cap of $36.90 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 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 firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The firm’s revenue 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 research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. KeyCorp lifted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Barclays lifted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.