WEC Energy Group, Inc. $WEC Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its stake in WEC Energy by 15.4% in Q4, selling 14,063 shares and retaining 77,114 shares valued at $8.132 million.
• WEC beat quarterly EPS estimates ($1.42 vs. $1.39) while revenue fell 8.8% year-over-year; the company set FY2026 guidance at 5.510–5.610 EPS and announced a quarterly dividend of $0.9525 (annualized $3.81, yield 3.2%, payout ratio 78.9%).
• Analysts' consensus is a "Hold" with a $121.94 price target, while insiders sold 42,354 shares (~$4.86M) over the last three months and institutional investors own 77.2% of the stock.

Fifth Third Bancorp reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,114 shares of the utilities provider's stock after selling 14,063 shares during the period. Fifth Third Bancorp's holdings in WEC Energy Group were worth $8,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CVA Family Office LLC lifted its stake in shares of WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider's stock worth $50,000 after buying an additional 89 shares during the period. Blossom Wealth Management lifted its position in WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider's stock valued at $738,000 after purchasing an additional 90 shares during the period. Inscription Capital LLC lifted its position in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider's stock valued at $215,000 after purchasing an additional 91 shares during the period. Moors & Cabot Inc. lifted its position in WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider's stock valued at $632,000 after purchasing an additional 93 shares during the period. Finally, MBE Wealth Management LLC lifted its position in WEC Energy Group by 3.5% during the third quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider's stock valued at $320,000 after purchasing an additional 95 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on WEC. Truist Financial began coverage on shares of WEC Energy Group in a research report on Monday, April 20th. They set a "hold" rating and a $124.00 target price for the company. BTIG Research restated a "buy" rating and set a $135.00 target price on shares of WEC Energy Group in a research report on Friday, January 30th. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, April 20th. Mizuho boosted their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Finally, Argus upgraded shares of WEC Energy Group to a "strong-buy" rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $121.94.

WEC Energy Group Stock Down 0.2%

WEC opened at $117.67 on Friday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62. 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 company has a fifty day moving average of $115.66 and a two-hundred day moving average of $111.99. The stock has a market capitalization of $38.33 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.82 and a beta of 0.50.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts expect that WEC Energy Group, Inc. will post 5.6 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 issued 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 yield of 3.2%. WEC Energy Group's payout ratio is presently 78.88%.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the transaction, the chief executive officer owned 66,801 shares of the company's stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the transaction, the director directly owned 276,600 shares of the company's stock, valued at $31,930,704. The trade was a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 over the last three months. Corporate insiders own 0.46% of the company's stock.

About WEC Energy Group

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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