Atria Investments Inc Has $7.94 Million Holdings in WEC Energy Group, Inc. $WEC

Atria Investments Inc grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,277 shares of the utilities provider’s stock after purchasing an additional 4,935 shares during the period. Atria Investments Inc’s holdings in WEC Energy Group were worth $7,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of WEC Energy Group during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter valued at approximately $27,000. Harbor Investment Advisory LLC lifted its stake in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its stake in WEC Energy Group by 54.7% in the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $122.44.

WEC Energy Group Trading Down 2.3%

WEC opened at $109.07 on Friday. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $115.01 and a 200-day moving average of $111.73. The stock has a market cap of $35.53 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15. The company 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%. WEC Energy Group’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.5%. WEC Energy Group’s payout ratio is 76.05%.

Insider Activity

In related news, Director Gale E. Klappa sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction of $582,750.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the transaction, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by insiders.

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.