6,250 Shares in WEC Energy Group, Inc. $WEC Acquired by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd has acquired a new stake in WEC Energy Group, purchasing 6,250 shares valued at approximately $681,000 during the first quarter.
• WEC Energy Group recently reported an earnings per share (EPS) of $0.76, exceeding the consensus estimate of $0.71, with quarterly revenue of $2.01 billion, up 13.4% year-over-year.
• Insider trading activity included VP Anthony Reese and EVP Daniel Krueger selling shares, indicating a notable decrease in their holdings by 70.39% and 47.30%, respectively.

Ransom Advisory Ltd purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,250 shares of the utilities provider's stock, valued at approximately $681,000.

Several other institutional investors have also recently added to or reduced their stakes in WEC. Marcum Wealth LLC lifted its holdings in WEC Energy Group by 1.3% during the 1st quarter. Marcum Wealth LLC now owns 7,416 shares of the utilities provider's stock worth $808,000 after purchasing an additional 93 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in WEC Energy Group by 14.3% during the 1st quarter. Manchester Capital Management LLC now owns 744 shares of the utilities provider's stock worth $81,000 after purchasing an additional 93 shares in the last quarter. Clean Yield Group lifted its holdings in WEC Energy Group by 12.6% during 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 in the last quarter. MJP Associates Inc. ADV lifted its holdings 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 worth $284,000 after purchasing an additional 98 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its holdings 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 worth $363,000 after purchasing an additional 98 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

Shares of NYSE:WEC traded up $0.80 on Friday, hitting $110.52. The company's stock had a trading volume of 1,532,663 shares, compared to its average volume of 1,989,527. The company has a market capitalization of $35.57 billion, a PE ratio of 21.17, a PEG ratio of 3.02 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 1 year low of $91.94 and a 1 year high of $111.90. The company has a 50-day simple moving average of $107.92 and a 200 day simple moving average of $106.83.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, beating 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 return on equity of 12.90% and a net margin of 17.87%.WEC Energy Group's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. 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 fiscal year.

WEC Energy Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 14th were issued a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is currently 68.39%.

Insider Activity at WEC Energy Group

In related news, VP Anthony Reese sold 4,177 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.30, for a total transaction of $460,723.10. Following the transaction, the vice president directly owned 1,757 shares of the company's stock, valued at approximately $193,797.10. This trade represents a 70.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Scott J. Lauber sold 9,231 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 56,443 shares in the company, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their ownership of the stock. 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 quarter. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WEC. The Goldman Sachs Group cut WEC Energy Group from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $106.00 to $100.00 in a report on Wednesday, June 25th. Wall Street Zen cut WEC Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, UBS Group set a $107.00 price target on WEC Energy Group and gave the company a "neutral" rating in a report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, WEC Energy Group has a consensus rating of "Hold" and a consensus price target 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.