Hilltop Holdings Inc. Sells 18,464 Shares of WEC Energy Group, Inc. $WEC

Hilltop Holdings Inc. lowered its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 84.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,463 shares of the utilities provider's stock after selling 18,464 shares during the quarter. Hilltop Holdings Inc.'s holdings in WEC Energy Group were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WEC. Empowered Funds LLC raised its position in shares of WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider's stock valued at $1,820,000 after purchasing an additional 2,417 shares during the period. Woodline Partners LP lifted its stake in shares of WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider's stock valued at $2,925,000 after buying an additional 7,841 shares in the last quarter. Cerity Partners LLC boosted its holdings in WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider's stock worth $4,616,000 after buying an additional 3,006 shares during the period. Qube Research & Technologies Ltd boosted its holdings in WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider's stock worth $34,756,000 after buying an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC grew its stake in WEC Energy Group by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider's stock valued at $6,082,000 after buying an additional 4,730 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Down 1.6%

WEC opened at $113.91 on Tuesday. The firm has a market capitalization of $37.10 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.00 and a beta of 0.47. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The company has a fifty day moving average price of $113.91 and a 200-day moving average price of $113.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is 76.05%.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the business's stock in a transaction dated 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 of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WEC. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an "equal weight" rating in a report on Monday, April 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of WEC Energy Group in a report on Friday, June 26th. 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 price objective on WEC Energy Group in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of "Moderate Buy" and a consensus target price of $123.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.