Revisor Wealth Management LLC Buys Shares of 3,823 WEC Energy Group, Inc. $WEC

Key Points

• Revisor Wealth Management LLC purchased 3,823 shares of WEC Energy Group, valued at approximately $404,000, indicating growing interest from institutional investors in the utilities sector.
• Insider selling has been notable, with VP Anthony Reese and CEO Scott J. Lauber selling significant portions of their stock, suggesting potential concerns among executives regarding the company's future.
• WEC Energy Group's recent earnings report showed a 13.4% year-over-year revenue increase and an earnings per share of $0.76, exceeding analysts' estimates, while the company has guided for FY 2025 earnings of $5.170-5.270 EPS.

Revisor Wealth Management LLC bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,823 shares of the utilities provider's stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WEC. Nuveen LLC purchased a new stake in WEC Energy Group during the first quarter valued at approximately $403,372,000. GAMMA Investing LLC increased its holdings in WEC Energy Group by 12,777.6% during 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. Charles Schwab Investment Management Inc. increased its holdings in WEC Energy Group by 34.9% during 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. JPMorgan Chase & Co. increased its holdings in WEC Energy Group by 16.6% during 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. Finally, T. Rowe Price Investment Management Inc. increased its holdings in WEC Energy Group by 1,529.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 709,209 shares of the utilities provider's stock valued at $77,290,000 after buying an additional 665,681 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Anthony Reese sold 4,177 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.30, for a total transaction of $460,723.10. Following the completion of the transaction, the vice president owned 1,757 shares in the company, valued at approximately $193,797.10. This represents a 70.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 9,231 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the transaction, the chief executive officer owned 56,443 shares of the company's stock, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,448 shares of company stock valued at $7,581,132 in the last quarter. Company insiders own 0.50% of the company's stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $111.62 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a fifty day moving average price of $108.64 and a 200-day moving average price of $107.03. WEC Energy Group, Inc. has a 1 year low of $91.94 and a 1 year high of $111.90. The stock has a market cap of $35.93 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. WEC Energy Group's revenue for the quarter was up 13.4% on a year-over-year basis. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Equities analysts anticipate 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 given a dividend of $0.8925 per share. The ex-dividend date was Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. WEC Energy Group's dividend payout ratio is currently 68.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WEC shares. Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. UBS Group set a $107.00 price objective on shares of WEC Energy Group and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group cut shares of WEC Energy Group from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $106.00 to $100.00 in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $106.89.

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.

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