Insider Selling: WEC Energy Group (NYSE:WEC) EVP Sells $517,628.40 in Stock

WEC Energy Group, Inc. (NYSE:WEC) EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WEC Energy Group Stock Performance

NYSE WEC opened at $113.28 on Friday. The company’s 50 day moving average is $114.64 and its 200-day moving average is $111.63. WEC Energy Group, Inc. has a 12-month low of $102.49 and a 12-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 firm has a market cap of $36.90 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s payout ratio is 76.05%.

Hedge Funds Weigh In On WEC Energy Group

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in WEC Energy Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares in the last quarter. Geode Capital Management LLC grew its stake in WEC Energy Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in WEC Energy Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after acquiring an additional 52,467 shares in the last quarter. Northern Trust Corp grew its stake in WEC Energy Group by 1.4% in the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after buying an additional 48,903 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after buying an additional 2,136,542 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WEC. BTIG Research reissued a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. reduced 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, May 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.13.

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.