Ransom Advisory Ltd Buys Shares of 6,250 WEC Energy Group, Inc. $WEC

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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,250 shares of the utilities provider's stock, valued at approximately $681,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nuveen LLC acquired a new position in shares of WEC Energy Group in the first quarter valued at approximately $403,372,000. GAMMA Investing LLC raised its position in shares of WEC Energy Group by 12,777.6% in the first quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider's stock valued at $199,872,000 after buying an additional 1,819,782 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of WEC Energy Group by 3,815.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,471,096 shares of the utilities provider's stock valued at $138,342,000 after buying an additional 1,433,522 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of WEC Energy Group by 34.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,213,304 shares of the utilities provider's stock valued at $567,727,000 after buying an additional 1,349,522 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of WEC Energy Group by 16.6% in the first quarter. JPMorgan Chase & Co. now owns 5,103,604 shares of the utilities provider's stock valued at $556,191,000 after buying an additional 726,267 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WEC shares. The Goldman Sachs Group lowered shares of WEC Energy Group from a "neutral" rating to a "sell" rating and cut their price objective for the company from $106.00 to $100.00 in a research report on Wednesday, June 25th. 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, UBS Group set a $107.00 target price on shares of WEC Energy Group and gave the company a "neutral" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $106.40.

Insiders Place Their Bets

In other news, VP Anthony Reese sold 4,177 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.30, for a total value of $460,723.10. Following the completion of the transaction, the vice president owned 1,757 shares of the company's stock, valued at $193,797.10. The trade was a 70.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel Krueger sold 5,930 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the transaction, the executive vice president directly owned 6,606 shares of the company's stock, valued at approximately $734,190.84. This trade represents a 47.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,448 shares of company stock worth $7,581,132. 0.50% of the stock is currently owned by company insiders.

WEC Energy Group Trading Up 0.1%

Shares of WEC stock traded up $0.06 on Monday, reaching $110.58. 402,231 shares of the company's stock were exchanged, compared to its average volume of 2,197,199. WEC Energy Group, Inc. has a 52 week low of $91.94 and a 52 week high of $111.90. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $35.59 billion, a PE ratio of 21.16, a P/E/G ratio of 3.04 and a beta of 0.44. The company's fifty day simple moving average is $107.92 and its 200 day simple moving average is $106.84.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share (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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.67 EPS. The business's 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. As a group, analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

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

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.