SG Americas Securities LLC Reduces Stock Holdings in WEC Energy Group, Inc. $WEC

SG Americas Securities LLC lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 61.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 108,276 shares of the utilities provider’s stock after selling 175,015 shares during the period. SG Americas Securities LLC’s holdings in WEC Energy Group were worth $12,535,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group during the fourth quarter valued at $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter worth about $27,000. Harbor Investment Advisory LLC boosted its stake in shares of WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in WEC Energy Group by 2,400.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $118.73 on Friday. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.81 and a beta of 0.47. 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, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The firm has a 50-day moving average of $113.25 and a two-hundred day moving average of $112.03.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping 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 business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company posted $2.27 earnings per share. The company’s quarterly revenue 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. On average, 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 company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Analysts Set New Price Targets

WEC has been the subject of several analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday, May 6th. KeyCorp increased their price target on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, JPMorgan Chase & Co. dropped their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.60.

Insider Activity

In other 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 transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

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.