Truist Financial Corp Acquires 9,923 Shares of WEC Energy Group, Inc. $WEC

Truist Financial Corp lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,408 shares of the utilities provider’s stock after acquiring an additional 9,923 shares during the quarter. Truist Financial Corp’s holdings in WEC Energy Group were worth $19,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Torren Management LLC bought a new stake in WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the 2nd quarter valued at $27,000. Cornerstone Planning Group LLC boosted 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 period. Harbor Investment Advisory LLC boosted 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 period. Finally, GoalVest Advisory LLC boosted 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 period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $114.01 on Thursday. The stock has a market capitalization of $37.13 billion, a PE ratio of 22.76, a P/E/G ratio of 2.77 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.44. The business has a fifty day moving average price of $115.64 and a two-hundred day moving average price of $111.93. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts predict 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 $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.3%. WEC Energy Group’s payout ratio is currently 78.88%.

Insider Buying and Selling

In other news, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the transaction, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. The trade was a 37.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,354 shares of company stock valued at $4,855,505 over the last 90 days. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WEC. JPMorgan Chase & Co. boosted their price target on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. BTIG Research restated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday. KeyCorp boosted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average target price of $122.13.

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.