M&T Bank Corp Acquires 174,828 Shares of WEC Energy Group, Inc. $WEC

M&T Bank Corp lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 1,241.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,905 shares of the utilities provider's stock after buying an additional 174,828 shares during the period. M&T Bank Corp owned approximately 0.06% of WEC Energy Group worth $19,922,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the 2nd quarter valued at about $27,000. Salomon & Ludwin LLC bought a new stake in shares of WEC Energy Group in the third quarter worth approximately $30,000. Harbor Investment Advisory LLC grew its stake in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider's stock worth $29,000 after acquiring an additional 200 shares during the period. GoalVest Advisory LLC raised its holdings in shares of WEC Energy Group by 54.7% during the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of WEC Energy Group during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Stock Up 2.0%

WEC opened at $115.62 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The firm's fifty day moving average is $115.58 and its 200 day moving average is $111.98. The stock has a market cap of $37.66 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business's revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.6 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group's dividend payout ratio (DPR) is presently 78.88%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at approximately $543,658.50. The trade was a 37.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the sale, the director owned 276,600 shares in the company, valued at approximately $31,930,704. The trade was a 8.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 over the last ninety days. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial initiated coverage on shares of WEC Energy Group in a report on Monday. They issued a "hold" rating and a $124.00 target price on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of WEC Energy Group in a research note on Monday, December 29th. Bank of America set a $116.00 price target on WEC Energy Group in a research note on Wednesday, December 31st. Argus raised WEC Energy Group to a "strong-buy" rating in a report on Monday, February 9th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $121.94.

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.

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