Dorsey & Whitney Trust CO LLC Increases Stake in WEC Energy Group, Inc. $WEC

Dorsey & Whitney Trust CO LLC increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,817 shares of the utilities provider’s stock after buying an additional 5,484 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in WEC Energy Group were worth $6,941,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the fourth quarter valued at $25,000. Torren Management LLC purchased a new position in shares of WEC Energy Group during the fourth quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter valued at $27,000. Harbor Investment Advisory LLC increased its stake in shares of WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were 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 directly owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WEC has been the topic of several analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. Wall Street Zen lowered 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 WEC Energy Group in a research note on Wednesday, May 6th. KeyCorp lifted their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Truist Financial cut their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, WEC Energy Group has an average rating of “Hold” and a consensus price target of $122.13.

WEC Energy Group Price Performance

Shares of WEC stock opened at $114.15 on Thursday. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.72 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The stock’s 50-day simple moving average is $113.87 and its 200-day simple moving average is $111.66.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS 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 during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s payout ratio is currently 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.