WEC Energy Group, Inc. $WEC Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in WEC Energy Group, Inc. (NYSE:WEC) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,110 shares of the utilities provider’s stock after selling 7,443 shares during the quarter. Los Angeles Capital Management LLC’s holdings in WEC Energy Group were worth $5,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Havemeyer Place LP acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $172,000. OneAscent Financial Services LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $264,000. OneAscent Investment Solutions LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $206,000. Pinebridge Investments LLC acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $2,480,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of WEC Energy Group in the 4th quarter worth approximately $13,608,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.5%

Shares of NYSE:WEC opened at $111.31 on Tuesday. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. The company’s 50 day moving average is $113.91 and its two-hundred day moving average is $111.61. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market cap of $36.26 billion, a PE ratio of 22.22, a P/E/G ratio of 2.71 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate 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 was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts predict 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 paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WEC. Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. reduced their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $122.13.

WEC Energy Group Company 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.