WEC Energy Group, Inc. $WEC Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in WEC Energy Group, Inc. (NYSE:WEC) by 377.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,666 shares of the utilities provider’s stock after purchasing an additional 12,385 shares during the period. GSA Capital Partners LLP’s holdings in WEC Energy Group were worth $1,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hartford Funds Management Co LLC increased its holdings in WEC Energy Group by 46.8% in the 4th quarter. Hartford Funds Management Co LLC now owns 6,723 shares of the utilities provider’s stock valued at $709,000 after purchasing an additional 2,142 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of WEC Energy Group by 7.1% in the fourth quarter. ProShare Advisors LLC now owns 72,709 shares of the utilities provider’s stock worth $7,668,000 after acquiring an additional 4,816 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of WEC Energy Group by 2.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 54,864 shares of the utilities provider’s stock worth $5,786,000 after acquiring an additional 1,084 shares in the last quarter. Intrua Financial LLC grew its stake in shares of WEC Energy Group by 4.1% in the fourth quarter. Intrua Financial LLC now owns 8,285 shares of the utilities provider’s stock worth $874,000 after acquiring an additional 326 shares in the last quarter. Finally, Mission Wealth Management LP grew its stake in shares of WEC Energy Group by 9.3% in the fourth quarter. Mission Wealth Management LP now owns 4,601 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director directly owned 20,541 shares of the company’s stock, valued at $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. BMO Capital Markets restated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, WEC Energy Group has a consensus rating of “Hold” and an average target price of $122.13.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $111.48 on Wednesday. The stock has a market cap of $36.31 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.50. The company has a fifty day simple moving average of $114.79 and a 200-day simple moving average of $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 current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The business 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%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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