Korea Investment CORP Makes New Investment in WEC Energy Group, Inc. $WEC

Korea Investment CORP purchased a new stake in WEC Energy Group, Inc. (NYSE:WECFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 82,140 shares of the utilities provider’s stock, valued at approximately $9,591,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its position in WEC Energy Group by 195.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after purchasing an additional 318,846 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of WEC Energy Group by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock worth $14,179,000 after buying an additional 9,591 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of WEC Energy Group in the 4th quarter valued at about $1,155,000. Sterling Capital Management LLC increased its position in shares of WEC Energy Group by 106.3% in the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock valued at $5,099,000 after acquiring an additional 22,697 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in WEC Energy Group by 377.5% during the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock worth $1,652,000 after acquiring an additional 12,385 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $107.60 on Tuesday. The business’s 50 day moving average price is $112.73 and its two-hundred day moving average price is $113.70. The company has a market cap of $35.06 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91.

WEC Energy Group (NYSE:WECGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Wall Street Analyst Weigh In

WEC has been the subject of a number of analyst reports. BMO Capital Markets decreased their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. KeyCorp cut their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.91.

Check Out Our Latest Stock Report on WEC Energy Group

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.

About WEC Energy Group

(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

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WECFree Report).

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

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.