WEC Energy Group, Inc. $WEC Shares Acquired by National Pension Service

National Pension Service increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 9.7% during the 4th quarter, HoldingsChannel reports. The fund owned 406,903 shares of the utilities provider’s stock after acquiring an additional 35,904 shares during the quarter. National Pension Service’s holdings in WEC Energy Group were worth $42,912,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the fourth quarter worth about $25,000. Torren Management LLC bought a new stake in WEC Energy Group in the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the second quarter valued at about $27,000. Cornerstone Planning Group LLC increased its holdings in WEC Energy Group by 2,400.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after buying an additional 264 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WEC. Barclays boosted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $122.13.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Up 0.0%

NYSE:WEC opened at $111.07 on Monday. The firm has a market capitalization of $36.18 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47. The stock has a 50 day moving average of $114.22 and a 200-day moving average of $111.66. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. 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) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio 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.