Kingdom Financial Group LLC. Buys Shares of 5,341 WEC Energy Group, Inc. $WEC

Kingdom Financial Group LLC. bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,341 shares of the utilities provider’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC boosted its stake in WEC Energy Group by 4.9% during the third quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock valued at $19,683,000 after buying an additional 7,970 shares during the period. Baillie Gifford & Co. boosted its stake in WEC Energy Group by 53.0% during the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock valued at $15,053,000 after buying an additional 45,477 shares during the period. London & Capital Asset Management Ltd boosted its stake in WEC Energy Group by 48.1% during the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after buying an additional 10,231 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in WEC Energy Group by 4.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after buying an additional 24,805 shares during the period. Finally, Park National Corp OH grew its stake in WEC Energy Group by 4,008.6% in the 4th quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock worth $14,238,000 after buying an additional 131,724 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

NYSE:WEC opened at $112.12 on Friday. The stock has a market cap of $36.52 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50. The firm’s fifty day simple moving average is $114.65 and its 200 day simple moving average is $111.62. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

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, topping analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter 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, research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

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

Insiders Place Their Bets

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group 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 transaction, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. The trade was a 6.59% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial cut their price target on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Jefferies Financial Group reduced their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus target price of $122.13.

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.