Greenwood Capital Associates LLC Buys New Holdings in WEC Energy Group, Inc. $WEC

Greenwood Capital Associates LLC bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,872 shares of the utilities provider’s stock, valued at approximately $1,953,000.

A number of other institutional investors have also recently bought and sold shares of WEC. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $27,000. Physician Wealth Advisors Inc. boosted its position in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. JPMorgan Chase & Co. lowered their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. Finally, Barclays raised their target price on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.60.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by insiders.

WEC Energy Group Price Performance

WEC opened at $116.08 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The stock has a market capitalization of $37.81 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.83 and a beta of 0.47. The company’s 50 day simple moving average is $113.64 and its 200-day simple moving average is $112.81. WEC Energy Group, Inc. has a one year low of $102.77 and a one year high of $119.91.

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. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company posted $2.27 EPS. WEC Energy Group’s revenue 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. Sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s payout ratio is presently 76.05%.

WEC Energy Group Profile

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.