Key Points
- WEC Energy Group EVP Daniel Krueger sold 4,665 shares on May 19 at an average price of $110.96, generating about $517,628. After the sale, he still held 7,346 shares, a 38.84% reduction in his position.
- The company reported strong quarterly results, with EPS of $2.45 beating estimates of $2.30 and revenue of $3.43 billion topping expectations. WEC also raised its FY 2026 guidance to $5.51-$5.61 EPS.
- WEC Energy Group announced a quarterly dividend of $0.9525 per share, equal to $3.81 annually and a 3.4% yield. The stock was trading around $110.70, and analysts currently rate it a consensus Hold with an average target price of $122.13.
WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) EVP Daniel Krueger sold 4,665 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
WEC Energy Group Stock Down 0.7%
WEC stock opened at $110.70 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 twelve month low of $102.49 and a twelve month high of $119.62. The company's 50 day moving average is $114.69 and its two-hundred day moving average is $111.62. The stock has a market cap of $36.06 billion, a P/E ratio of 22.09, a PEG ratio of 2.68 and a beta of 0.50.
WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share 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 company had revenue of $3.43 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.
WEC Energy Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group's dividend payout ratio (DPR) is presently 76.05%.
Hedge Funds Weigh In On WEC Energy Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC grew its position in WEC Energy Group by 4.9% in the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider's stock valued at $19,683,000 after buying an additional 7,970 shares during the last quarter. Baillie Gifford & Co. grew its position in WEC Energy Group by 53.0% in the 3rd quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider's stock valued at $15,053,000 after buying an additional 45,477 shares during the last quarter. London & Capital Asset Management Ltd grew its position in WEC Energy Group by 48.1% in the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider's stock valued at $3,609,000 after buying an additional 10,231 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in WEC Energy Group by 4.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider's stock valued at $72,895,000 after buying an additional 24,805 shares during the last quarter. Finally, Park National Corp OH grew its position in WEC Energy Group by 4,008.6% in the 4th quarter. Park National Corp OH now owns 135,010 shares of the utilities provider's stock valued at $14,238,000 after buying an additional 131,724 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WEC. Wall Street Zen raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. BTIG Research reaffirmed a "buy" rating and issued a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. 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. Finally, Jefferies Financial Group cut their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a "hold" rating on the stock in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, WEC Energy Group has an average rating of "Hold" and an average target price of $122.13.
Check Out Our Latest Research Report on WEC Energy Group
About WEC Energy Group
(
Get Free Report)
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.
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