Aventail Capital Group LP Lowers Position in WEC Energy Group, Inc. $WEC

Aventail Capital Group LP cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 83.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,056 shares of the utilities provider’s stock after selling 200,828 shares during the quarter. Aventail Capital Group LP’s holdings in WEC Energy Group were worth $4,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in WEC Energy Group by 6.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,246 shares of the utilities provider’s stock worth $975,000 after buying an additional 561 shares during the period. Boothbay Fund Management LLC purchased a new stake in WEC Energy Group in the fourth quarter worth about $1,003,000. Align Financial LLC purchased a new stake in WEC Energy Group in the fourth quarter worth about $14,817,000. Altshuler Shaham Ltd lifted its holdings in WEC Energy Group by 8.5% in the fourth quarter. Altshuler Shaham Ltd now owns 6,993 shares of the utilities provider’s stock worth $737,000 after buying an additional 545 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in WEC Energy Group in the fourth quarter worth about $4,180,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction 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. The trade was a 38.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

WEC Energy Group Trading Down 1.9%

NYSE:WEC opened at $112.46 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The company has a market cap of $36.63 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.76 and a beta of 0.47. The company has a 50 day simple moving average of $113.54 and a two-hundred day simple moving average of $111.73.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data 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 firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s payout ratio is presently 76.05%.

Analyst Ratings Changes

Several brokerages have commented on WEC. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. KeyCorp lifted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Truist Financial lowered their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $122.13.

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.