B. Metzler seel. Sohn & Co. AG Reduces Stock Holdings in WEC Energy Group, Inc. $WEC

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in WEC Energy Group by 22.7% during the 1st quarter, resulting in ownership of 99,447 shares valued at approximately $10.83 million.
• Multiple hedge funds have made adjustments to their holdings in WEC Energy Group, with Golden State Wealth Management increasing its stake by 252.6% and Creekmur Asset Management by 2,420.0% in the same period.
• WEC Energy Group reported a quarterly EPS of $0.76, surpassing estimates and achieving a 13.4% increase in revenue compared to the previous year.

B. Metzler seel. Sohn & Co. AG reduced its stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 22.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,447 shares of the utilities provider's stock after selling 29,248 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in WEC Energy Group were worth $10,838,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WEC. Hughes Financial Services LLC purchased a new position in WEC Energy Group in the first quarter valued at approximately $28,000. Opal Wealth Advisors LLC purchased a new position in WEC Energy Group in the first quarter valued at approximately $32,000. Golden State Wealth Management LLC increased its stake in WEC Energy Group by 252.6% in the first quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Creekmur Asset Management LLC increased its stake in WEC Energy Group by 2,420.0% in the first quarter. Creekmur Asset Management LLC now owns 378 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 363 shares during the last quarter. Finally, Stephens Consulting LLC increased its stake in WEC Energy Group by 138.6% in the first quarter. Stephens Consulting LLC now owns 544 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 316 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WEC has been the topic of several recent analyst reports. Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Wells Fargo & Company raised their target price on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Barclays raised their target price on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Scotiabank set a $115.00 target price on shares of WEC Energy Group and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, UBS Group set a $107.00 target price on shares of WEC Energy Group and gave the stock a "neutral" rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group has an average rating of "Hold" and a consensus target price of $106.40.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $107.17 on Wednesday. WEC Energy Group, Inc. has a 1-year low of $91.89 and a 1-year high of $111.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a fifty day moving average price of $107.00 and a 200 day moving average price of $106.47. The company has a market cap of $34.49 billion, a PE ratio of 20.53, a P/E/G ratio of 2.94 and a beta of 0.42.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.05. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $0.67 earnings per share. WEC Energy Group's quarterly revenue was up 13.4% compared to the same quarter last year. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Thursday, August 14th will be issued a $0.8925 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group's dividend payout ratio (DPR) is 68.39%.

Insider Buying and Selling

In other WEC Energy Group news, EVP Molly A. Mulroy sold 4,030 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the sale, the executive vice president owned 5,829 shares of the company's stock, valued at approximately $643,113.57. This trade represents a 40.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott J. Lauber sold 9,231 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $110.88, for a total value of $1,023,533.28. Following the completion of the sale, the chief executive officer directly owned 56,443 shares of the company's stock, valued at approximately $6,258,399.84. This trade represents a 14.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,448 shares of company stock valued at $7,581,132 in the last quarter. Corporate insiders own 0.50% of the company's stock.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

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