Marks Group Wealth Management Inc Buys 4,659 Shares of WEC Energy Group, Inc. $WEC

Marks Group Wealth Management Inc increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,287 shares of the utilities provider’s stock after purchasing an additional 4,659 shares during the period. Marks Group Wealth Management Inc’s holdings in WEC Energy Group were worth $1,612,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. London & Capital Asset Management Ltd grew its position in WEC Energy Group by 48.1% during the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after acquiring an additional 10,231 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in WEC Energy Group by 4.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after acquiring an additional 24,805 shares during the last quarter. Park National Corp OH grew its position in WEC Energy Group by 4,008.6% during the fourth quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock valued at $14,238,000 after acquiring an additional 131,724 shares during the last quarter. Rathbones Group PLC grew its position in WEC Energy Group by 2.3% during the third quarter. Rathbones Group PLC now owns 748,935 shares of the utilities provider’s stock valued at $85,820,000 after acquiring an additional 16,800 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in WEC Energy Group by 19.7% during the third quarter. ProShare Advisors LLC now owns 67,893 shares of the utilities provider’s stock valued at $7,780,000 after acquiring an additional 11,177 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WEC has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target 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. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Truist Financial cut their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $122.13.

WEC Energy Group Stock Up 1.7%

Shares of WEC Energy Group stock opened at $113.12 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. WEC Energy Group, Inc. has a 52-week low of $102.49 and a 52-week high of $119.62. The stock has a market capitalization of $36.85 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.67 and a beta of 0.47. The company’s 50 day moving average price is $113.89 and its 200-day moving average price is $111.63.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.32 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business’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. Equities research analysts forecast 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. Investors of record on Thursday, May 14th were paid a $0.9525 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 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.