Oregon Public Employees Retirement Fund Has $4.21 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Oregon Public Employees Retirement Fund grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 33.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,739 shares of the utilities provider’s stock after buying an additional 9,186 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in WEC Energy Group were worth $4,210,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WEC. Vaughan Nelson Investment Management L.P. grew its position in WEC Energy Group by 13.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock worth $48,079,000 after purchasing an additional 49,905 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of WEC Energy Group by 32.3% during the 2nd quarter. AlphaCore Capital LLC now owns 10,333 shares of the utilities provider’s stock worth $1,077,000 after buying an additional 2,525 shares in the last quarter. Richmond Investment Services LLC boosted its stake in shares of WEC Energy Group by 92.8% in the 2nd quarter. Richmond Investment Services LLC now owns 11,773 shares of the utilities provider’s stock worth $1,227,000 after buying an additional 5,666 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of WEC Energy Group by 6.7% in the second quarter. Legal & General Group Plc now owns 2,609,802 shares of the utilities provider’s stock valued at $271,941,000 after acquiring an additional 162,963 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of WEC Energy Group during the third quarter valued at approximately $2,979,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $104.68 on Friday. The company has a 50 day moving average of $107.90 and a 200 day moving average of $109.12. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The stock has a market cap of $34.05 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.47 and a beta of 0.58. WEC Energy Group, Inc. has a 12 month low of $92.85 and a 12 month high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. The firm had revenue of $2.28 billion during the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio is presently 67.49%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. Royal Bank Of Canada set a $131.00 price target on shares of WEC Energy Group in a report on Monday, October 27th. Cowen initiated coverage on shares of WEC Energy Group in a research report on Wednesday, October 15th. They set a “hold” rating for the company. Mizuho set a $125.00 price objective on shares of WEC Energy Group in a research report on Monday, October 27th. Finally, LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $120.64.

About WEC Energy Group

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.