WEC Energy Group, Inc. $WEC Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in WEC Energy Group, Inc. (NYSE:WECFree Report) by 32.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,938 shares of the utilities provider’s stock after acquiring an additional 8,806 shares during the period. Pacer Advisors Inc.’s holdings in WEC Energy Group were worth $3,790,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WEC. Torren Management LLC acquired a new position in WEC Energy Group in the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the 2nd quarter valued at about $27,000. Harbor Investment Advisory LLC increased its position in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Cornerstone Planning Group LLC increased its position in WEC Energy Group by 2,400.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 264 shares during the period. Finally, GoalVest Advisory LLC increased its position in WEC Energy Group by 54.7% in the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the sale, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. The trade was a 1.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. This trade represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,265 shares of company stock valued at $3,960,053 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $112.24 on Thursday. The business’s 50 day simple moving average is $115.27 and its 200-day simple moving average is $111.77. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.50. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $119.62.

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

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s payout ratio is 76.05%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Argus raised WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Barclays lifted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. KeyCorp lifted their price objective on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $122.13.

View Our Latest Stock Report on WEC

WEC Energy Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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