WEC Energy Group (NYSE:WEC) CEO Scott Lauber Sells 8,089 Shares

WEC Energy Group, Inc. (NYSE:WEC) CEO Scott Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WEC Energy Group Stock Performance

NYSE WEC opened at $112.95 on Wednesday. The stock has a market cap of $36.74 billion, a PE ratio of 23.39, a P/E/G ratio of 2.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The firm has a 50-day moving average of $107.20 and a 200-day moving average of $109.77. WEC Energy Group, Inc. has a 52-week low of $100.20 and a 52-week high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be paid a $0.9525 dividend. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 73.91%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WEC. OneAscent Financial Services LLC bought a new stake in shares of WEC Energy Group during the 4th quarter valued at approximately $264,000. OneAscent Investment Solutions LLC acquired a new stake in WEC Energy Group in the fourth quarter valued at approximately $206,000. Pinebridge Investments LLC bought a new stake in shares of WEC Energy Group during the fourth quarter worth $2,480,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of WEC Energy Group during the fourth quarter worth $13,608,000. Finally, Petersen Hastings Wealth Advisors Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter worth $241,000. 77.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WEC shares. JPMorgan Chase & Co. lifted their target price on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. KeyCorp reissued an “overweight” rating on shares of WEC Energy Group in a report on Friday, January 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Friday, January 23rd. Mizuho lifted their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, BTIG Research reissued a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.13.

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.