Rep. Robert Bresnahan, Jr. Sells Off Shares of WEC Energy Group, Inc. (NYSE:WEC)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of WEC Energy Group, Inc. NYSE: WEC. In a filing disclosed on May 31st, the Representative disclosed that they had sold between $1,001 and $15,000 in WEC Energy Group stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
• Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
• Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/15/2025.

WEC Energy Group Trading Down 1.5%

NYSE WEC traded down $1.59 during trading hours on Wednesday, hitting $105.78. The company's stock had a trading volume of 1,553,743 shares, compared to its average volume of 2,279,011. WEC Energy Group, Inc. has a twelve month low of $77.47 and a twelve month high of $111.00. The firm has a market capitalization of $33.76 billion, a P/E ratio of 21.90, a PEG ratio of 2.60 and a beta of 0.46. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average of $107.03 and a 200 day moving average of $102.55.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business posted $1.97 EPS. The firm's quarterly revenue was up 17.5% on a year-over-year basis. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.8975 per share. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a yield of 3.39%. The ex-dividend date was Wednesday, May 14th. WEC Energy Group's payout ratio is currently 69.59%.

Insider Buying and Selling at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the transaction, the vice president now directly owns 2,686 shares in the company, valued at $289,470.22. This represents a 44.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on WEC shares. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $106.00 to $108.00 in a research note on Tuesday, April 8th. BMO Capital Markets boosted their price target on shares of WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Scotiabank set a $115.00 price objective on WEC Energy Group and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their target price on WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Barclays lifted their price objective on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $107.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in WEC Energy Group in the 1st quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in shares of WEC Energy Group by 3,828.6% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in WEC Energy Group during the first quarter worth $26,000. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the fourth quarter worth $28,000. Finally, Hughes Financial Services LLC bought a new position in WEC Energy Group in the first quarter valued at $28,000. 77.20% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About WEC Energy Group

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.