Key Points
- Director Ulice Payne Jr. sold 980 WEC shares for approximately $103,468 at an average price of $105.58, reducing his direct holdings by 4.76% to 19,588 shares.
- WEC Energy Group beat quarterly EPS estimates, reporting $0.91 versus the $0.80 consensus, while revenue rose 2.6% year over year to $2.06 billion. The company maintained a quarterly dividend of $0.9525 per share, yielding about 3.5% annually.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $122.41, while institutional investors own 77.2% of the company’s stock.
WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
WEC Energy Group Price Performance
WEC Energy Group stock opened at $108.96 on Thursday. The stock's 50 day moving average is $113.31 and its 200 day moving average is $113.76. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market cap of $35.50 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.85 and a beta of 0.47. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91.
WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The company'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. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.
WEC Energy Group Dividend Announcement
The company 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 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 is 73.84%.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Weiss Ratings downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 5th. Wall Street Zen cut WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price for the company. in a report on Tuesday, August 4th. Finally, BMO Capital Markets dropped their price target on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, WEC Energy Group has a consensus rating of "Moderate Buy" and an average target price of $122.41.
View Our Latest Research Report on WEC
Institutional Investors Weigh In On WEC Energy Group
A number of institutional investors and hedge funds have recently made changes to their positions in WEC. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider's stock valued at $4,334,401,000 after purchasing an additional 819,627 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock worth $928,653,000 after purchasing an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of WEC Energy Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider's stock worth $562,826,000 after purchasing an additional 52,467 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider's stock valued at $383,995,000 after purchasing an additional 48,903 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider's stock valued at $354,093,000 after purchasing an additional 2,136,542 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.
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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