WEC Energy Group, Inc. $WEC Holdings Lowered by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,764 shares of the utilities provider’s stock after selling 6,278 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in WEC Energy Group were worth $2,235,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vise Technologies Inc. grew its position in WEC Energy Group by 13.2% during the fourth quarter. Vise Technologies Inc. now owns 13,041 shares of the utilities provider’s stock valued at $1,375,000 after purchasing an additional 1,521 shares in the last quarter. Cibc World Market Inc. purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $483,000. Lido Advisors LLC grew its position in WEC Energy Group by 2.6% during the fourth quarter. Lido Advisors LLC now owns 20,994 shares of the utilities provider’s stock valued at $2,380,000 after purchasing an additional 525 shares in the last quarter. Avestar Capital LLC grew its position in WEC Energy Group by 57.9% during the fourth quarter. Avestar Capital LLC now owns 3,203 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Phillips Wealth Planners LLC grew its position in WEC Energy Group by 8.0% during the fourth quarter. Phillips Wealth Planners LLC now owns 3,617 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 269 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of research analyst reports. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price objective 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. Barclays boosted their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.13.

WEC Energy Group Price Performance

NYSE:WEC opened at $112.91 on Monday. The stock has a market cap of $36.78 billion, a P/E ratio of 22.54, a PEG ratio of 2.71 and a beta of 0.47. WEC Energy Group, Inc. has a one year low of $102.49 and a one year high of $119.62. The company has a fifty day moving average price of $113.97 and a 200 day moving average price of $111.62. 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 (NYSE:WEC) last released its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts anticipate 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 paid a $0.9525 dividend. The ex-dividend date 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 dividend payout ratio is currently 76.05%.

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.