Intech Investment Management LLC Cuts Holdings in WEC Energy Group, Inc. $WEC

Intech Investment Management LLC reduced its position in WEC Energy Group, Inc. (NYSE:WEC) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,179 shares of the utilities provider’s stock after selling 4,844 shares during the quarter. Intech Investment Management LLC’s holdings in WEC Energy Group were worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group in the 4th quarter worth $25,000. Torren Management LLC purchased a new position in shares of WEC Energy Group in the 4th quarter worth $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group in the 2nd quarter worth $27,000. Harbor Investment Advisory LLC raised its position in shares of WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of 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 worth $30,000 after buying an additional 264 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WEC Energy Group

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 stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WEC. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Truist Financial lowered 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, KeyCorp raised their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.13.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $110.26 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average of $114.00 and a two-hundred day moving average of $111.61. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. The company has a market cap of $35.91 billion, a P/E ratio of 22.01, a PEG ratio of 2.65 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. 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 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were issued 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 of this dividend was Thursday, May 14th. WEC Energy Group’s payout ratio is 76.05%.

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.