WEC Energy Group, Inc. $WEC Shares Sold by Keebeck Wealth Management

Keebeck Wealth Management reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,871 shares of the utilities provider’s stock after selling 10,952 shares during the period. Keebeck Wealth Management’s holdings in WEC Energy Group were worth $3,342,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in WEC Energy Group during the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the 2nd quarter valued at $27,000. Physician Wealth Advisors Inc. grew its stake in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WEC. BMO Capital Markets cut their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. Barclays raised their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, KeyCorp reduced their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.20.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $114.65 on Friday. The company’s fifty day simple moving average is $113.69 and its 200-day simple moving average is $113.47. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. 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 $37.35 billion, a PE ratio of 22.89, a P/E/G ratio of 1.96 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 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was 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 of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.