South Street Advisors LLC Decreases Position in WEC Energy Group, Inc. $WEC

South Street Advisors LLC reduced its stake in WEC Energy Group, Inc. (NYSE:WEC) by 7.9% during the 4th quarter, Holdings Channel reports. The fund owned 164,804 shares of the utilities provider’s stock after selling 14,113 shares during the period. WEC Energy Group comprises about 2.4% of South Street Advisors LLC’s portfolio, making the stock its 17th biggest position. South Street Advisors LLC’s holdings in WEC Energy Group were worth $17,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WEC. Vanguard Group Inc. raised 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 worth $4,334,401,000 after purchasing an additional 819,627 shares during the period. Geode Capital Management LLC raised 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 worth $928,653,000 after purchasing an additional 88,557 shares during the period. Envestnet Asset Management Inc. raised its stake in WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the period. Legal & General Group Plc raised its holdings in shares of WEC Energy Group by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after purchasing an additional 87,446 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of WEC Energy Group by 9.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock worth $296,780,000 after purchasing an additional 226,894 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on WEC. JPMorgan Chase & Co. cut their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. KeyCorp lifted their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.13.

WEC Energy Group Trading Down 1.3%

NYSE:WEC opened at $111.69 on Friday. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The stock has a market cap of $36.38 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.72 and a beta of 0.50. The business has a fifty day moving average of $114.32 and a 200-day moving average of $111.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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. 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 business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. 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 year.

WEC Energy Group Dividend Announcement

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

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.