2,813 Shares in WEC Energy Group, Inc. $WEC Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has invested approximately $307,000 in WEC Energy Group by acquiring 2,813 shares during the first quarter.
• WEC Energy Group reported a quarterly earnings of $0.76 per share, exceeding estimates by $0.05, with revenue up 13.4% from the previous year.
• The company recently declared a quarterly dividend of $0.8925, resulting in an annualized yield of 3.4% and a payout ratio of 68.39%.

DRW Securities LLC acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,813 shares of the utilities provider's stock, valued at approximately $307,000.

A number of other large investors also recently added to or reduced their stakes in the business. Marcum Wealth LLC grew its stake in shares of WEC Energy Group by 1.3% in the first quarter. Marcum Wealth LLC now owns 7,416 shares of the utilities provider's stock worth $808,000 after acquiring an additional 93 shares during the period. Manchester Capital Management LLC boosted its holdings in WEC Energy Group by 14.3% in the first quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider's stock worth $81,000 after purchasing an additional 93 shares during the last quarter. Clean Yield Group grew its position in WEC Energy Group by 12.6% in the 1st quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock worth $94,000 after purchasing an additional 97 shares during the period. MJP Associates Inc. ADV raised its stake in WEC Energy Group by 3.4% during the 4th quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider's stock valued at $284,000 after buying an additional 98 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in WEC Energy Group by 3.0% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,335 shares of the utilities provider's stock valued at $363,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

Insider Buying and Selling

In related news, EVP Daniel Krueger sold 5,930 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the sale, the executive vice president directly owned 6,606 shares in the company, valued at approximately $734,190.84. The trade was a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Molly A. Mulroy sold 4,030 shares of WEC Energy Group stock in a transaction that occurred 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 directly owned 5,829 shares in the company, valued at approximately $643,113.57. The trade was a 40.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,448 shares of company stock worth $7,581,132 in the last 90 days. 0.50% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

Shares of WEC stock traded up $0.52 during trading hours on Thursday, reaching $107.41. 2,945,190 shares of the company traded hands, compared to its average volume of 1,988,151. The firm has a 50-day moving average price of $107.37 and a 200 day moving average price of $106.64. The company has a market cap of $34.57 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.94 and a beta of 0.44. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $111.90.

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, topping analysts' consensus estimates of $0.71 by $0.05. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm's revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 14th were paid a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is presently 68.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group set a $107.00 price target on WEC Energy Group and gave the stock a "neutral" rating in a research note on Friday, July 11th. The Goldman Sachs Group downgraded WEC Energy Group from a "neutral" rating to a "sell" rating and lowered their target price for the company from $106.00 to $100.00 in a report on Wednesday, June 25th. Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, Wells Fargo & Company increased their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, WEC Energy Group has a consensus rating of "Hold" and a consensus target price of $106.40.

WEC Energy Group Company Profile

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.