Patton Fund Management Inc. Has $1.97 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Patton Fund Management Inc. trimmed its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 62.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,032 shares of the utilities provider’s stock after selling 27,780 shares during the period. Patton Fund Management Inc.’s holdings in WEC Energy Group were worth $1,972,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Godfrey Financial Associates Inc. bought a new stake in WEC Energy Group during the fourth quarter worth about $25,000. Torren Management LLC acquired a new position in WEC Energy Group during the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the second quarter valued at approximately $27,000. 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 in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

WEC has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price 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. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. KeyCorp upped 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 report on Wednesday, March 4th. Finally, 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, May 18th. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.60.

Insider Transactions at WEC Energy Group

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 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 of the company’s stock, 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 through this hyperlink. 0.46% of the stock is owned by corporate insiders.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $118.73 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average price is $113.25 and its two-hundred day moving average price is $112.08. The company has a market cap of $38.67 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s 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. On average, 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 was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were issued a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.2%. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

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.