Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 12.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 577,719 shares of the utilities provider’s stock after selling 80,591 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WEC Energy Group were worth $66,883,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares during the period. Geode Capital Management LLC increased its position in WEC Energy Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after buying an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in WEC Energy Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after buying an additional 52,467 shares during the period. Northern Trust Corp lifted its position in shares of WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after buying an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after buying an additional 2,136,542 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Truist Financial decreased their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Barclays boosted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. lowered their target price on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.60.
Insider Activity at WEC Energy Group
In related news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.
WEC Energy Group Price Performance
Shares of WEC traded up $0.20 during trading hours on Friday, hitting $115.09. 1,588,741 shares of the company were exchanged, compared to its average volume of 2,060,571. The company has a market cap of $37.49 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.76 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm’s fifty day moving average is $113.64 and its 200 day moving average is $112.90.
WEC Energy Group (NYSE:WEC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. WEC Energy Group’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.
WEC Energy Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.
WEC Energy Group 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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