Pacer Advisors Inc. cut its holdings in WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 24.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,324 shares of the utilities provider’s stock after selling 8,614 shares during the period. Pacer Advisors Inc.’s holdings in WEC Energy Group were worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WEC. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth approximately $25,000. Torren Management LLC bought a new stake in WEC Energy Group in the fourth quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter valued at approximately $27,000. Physician Wealth Advisors Inc. lifted its stake in WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at WEC Energy Group
In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president directly owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on WEC Energy Group
WEC Energy Group Trading Down 0.3%
Shares of WEC Energy Group stock opened at $107.89 on Friday. The stock has a market capitalization of $35.15 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The stock has a 50 day moving average price of $113.52 and a two-hundred day moving average price of $113.81. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.
WEC Energy Group (NYSE:WEC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. WEC Energy Group’s revenue for the quarter was up 2.6% 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 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.5%. WEC Energy Group’s dividend payout ratio is presently 73.84%.
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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