First United Bank & Trust Purchases Shares of 3,450 WEC Energy Group, Inc. $WEC

First United Bank & Trust purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, HoldingsChannel.com reports. The firm purchased 3,450 shares of the utilities provider’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in WEC Energy Group in the first quarter valued at about $25,000. Nova Wealth Management Inc. acquired a new position in WEC Energy Group in the first quarter valued at about $26,000. Hughes Financial Services LLC acquired a new position in WEC Energy Group in the first quarter valued at about $28,000. Opal Wealth Advisors LLC acquired a new position in WEC Energy Group in the first quarter valued at about $32,000. Finally, ORG Partners LLC raised its stake in shares of WEC Energy Group by 65.7% in the second quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 130 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group set a $107.00 target price on shares of WEC Energy Group and gave the stock a “neutral” rating in a research note on Friday, July 11th. The Goldman Sachs Group downgraded shares of WEC Energy Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $106.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $106.89.

WEC Energy Group Stock Up 1.2%

Shares of NYSE:WEC opened at $114.16 on Tuesday. WEC Energy Group, Inc. has a 52 week low of $91.94 and a 52 week high of $114.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55. The company has a market capitalization of $36.75 billion, a PE ratio of 21.87, a PEG ratio of 3.10 and a beta of 0.44. The company has a 50 day moving average price of $109.07 and a two-hundred day moving average price of $107.22.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were issued a $0.8925 dividend. This represents a $3.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, August 14th. WEC Energy Group’s dividend payout ratio is 68.39%.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 35,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.73, for a total transaction of $3,875,550.00. Following the completion of the transaction, the director owned 274,969 shares in the company, valued at approximately $30,447,317.37. This represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Anthony Reese sold 4,177 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the transaction, the vice president owned 1,757 shares of the company’s stock, valued at $193,797.10. The trade was a 70.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is owned by corporate insiders.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.