Ulice Payne, Jr. Sells 980 Shares of WEC Energy Group (NYSE:WEC) Stock

WEC Energy Group, Inc. (NYSE:WEC) Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

WEC Energy Group Trading Up 2.1%

WEC Energy Group stock traded up $2.28 during trading hours on Wednesday, reaching $108.96. 5,786,336 shares of the company’s stock were exchanged, compared to its average volume of 2,161,216. The firm’s 50 day simple moving average is $113.31 and its 200 day simple moving average is $113.76. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $35.50 billion, a PE ratio of 21.12, a PEG ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

Institutional Trading of WEC Energy Group

Several hedge funds have recently bought and sold shares of WEC. BLB&B Advisors LLC bought a new stake in shares of WEC Energy Group during the fourth quarter valued at about $6,096,000. Mirae Asset Global Investments Co. Ltd. grew its stake in WEC Energy Group by 24.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after acquiring an additional 10,606 shares in the last quarter. Assetmark Inc. increased its holdings in WEC Energy Group by 5.4% during the 4th quarter. Assetmark Inc. now owns 180,068 shares of the utilities provider’s stock worth $18,990,000 after acquiring an additional 9,198 shares during the period. NBC Securities Inc. lifted its stake in WEC Energy Group by 5,040.6% in the 4th quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock worth $3,415,000 after purchasing an additional 31,756 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in WEC Energy Group by 195.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after purchasing an additional 318,846 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of research reports. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research report on Tuesday, August 4th. KeyCorp decreased their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Truist Financial upped their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.41.

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.