IFM Investors Pty Ltd Increases Holdings in WEC Energy Group, Inc. $WEC

IFM Investors Pty Ltd increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 48.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,276 shares of the utilities provider’s stock after acquiring an additional 34,458 shares during the period. IFM Investors Pty Ltd’s holdings in WEC Energy Group were worth $12,188,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group during the 4th quarter worth $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter worth about $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at about $27,000. Harbor Investment Advisory LLC increased its holdings in WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 264 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of the company’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 transaction, the executive vice president directly owned 7,346 shares in the company, 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 SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $116.22 on Thursday. The company has a 50-day simple moving average of $113.33 and a 200-day simple moving average of $112.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market cap of $37.86 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Analysts Set New Price Targets

Several brokerages have issued reports on WEC. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Truist Financial reduced their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Moderate Buy” and an average target price of $123.60.

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.