South Street Advisors LLC Lowers Stock Position in WEC Energy Group, Inc. $WEC

Key Points

• South Street Advisors LLC trimmed its WEC Energy Group stake by 7.9% in the fourth quarter, selling 14,113 shares and leaving it with 164,804 shares valued at about $17.38 million.
• WEC reported better-than-expected quarterly results, with EPS of $2.45 versus the $2.30 estimate and revenue of $3.43 billion, up 9% year over year. The company also reaffirmed FY 2026 EPS guidance of $5.51 to $5.61.
• The company declared a quarterly dividend of $0.9525 per share, implying an annualized dividend of $3.81 and a 3.4% yield. Meanwhile, analysts remain mixed, with a consensus rating of Hold and a $122.13 price target.

South Street Advisors LLC lowered its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,804 shares of the utilities provider's stock after selling 14,113 shares during the quarter. WEC Energy Group makes up 2.4% of South Street Advisors LLC's holdings, making the stock its 17th largest position. South Street Advisors LLC owned about 0.05% of WEC Energy Group worth $17,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter valued at approximately $25,000. Torren Management LLC purchased a new position in WEC Energy Group during the fourth quarter worth approximately $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the second quarter worth approximately $27,000. Harbor Investment Advisory LLC raised its stake in WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider's stock worth $30,000 after purchasing an additional 264 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $111.69 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.72 and a beta of 0.50. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The company's 50 day simple moving average is $114.32 and its 200-day simple moving average is $111.67.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $2.27 EPS. WEC Energy Group's revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be given a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group's dividend payout ratio is currently 76.05%.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares of the company's stock, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on WEC shares. Wells Fargo & Company reaffirmed an "overweight" rating and set a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. Truist Financial reduced their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Wall Street Zen downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. BTIG Research restated a "buy" rating and issued a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on WEC Energy Group from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $122.13.

WEC Energy Group Company 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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