Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 7.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,336,094 shares of the utilities provider’s stock after purchasing an additional 97,092 shares during the quarter. WEC Energy Group comprises about 2.1% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 14th biggest position. Cbre Investment Management Listed Real Assets LLC’s holdings in WEC Energy Group were worth $140,904,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. London & Capital Asset Management Ltd lifted its position in WEC Energy Group by 48.1% in the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after buying an additional 10,231 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in WEC Energy Group by 4.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 636,134 shares of the utilities provider’s stock valued at $72,895,000 after buying an additional 24,805 shares during the last quarter. Park National Corp OH lifted its position in WEC Energy Group by 4,008.6% in the fourth quarter. Park National Corp OH now owns 135,010 shares of the utilities provider’s stock valued at $14,238,000 after buying an additional 131,724 shares during the last quarter. Rathbones Group PLC lifted its position in WEC Energy Group by 2.3% in the third quarter. Rathbones Group PLC now owns 748,935 shares of the utilities provider’s stock valued at $85,820,000 after buying an additional 16,800 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in WEC Energy Group by 75.2% in the third quarter. Ameritas Advisory Services LLC now owns 27,910 shares of the utilities provider’s stock valued at $3,198,000 after buying an additional 11,981 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Insider Buying and Selling
In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on WEC
WEC Energy Group Price Performance
WEC stock opened at $108.63 on Tuesday. The company has a market capitalization of $35.38 billion, a P/E ratio of 21.68, a PEG ratio of 2.67 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The business has a 50 day simple moving average of $114.08 and a 200-day simple moving average of $111.63. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36.
WEC Energy Group (NYSE:WEC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $2.27 earnings per share. The company’s revenue 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. As a group, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.
WEC Energy Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were issued a $0.9525 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.
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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