USS Investment Management Ltd Increases Stock Holdings in WEC Energy Group, Inc. $WEC

USS Investment Management Ltd increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 44,999 shares of the utilities provider’s stock after acquiring an additional 4,819 shares during the period. USS Investment Management Ltd’s holdings in WEC Energy Group were worth $5,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of WEC Energy Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after purchasing an additional 819,627 shares in the last quarter. Geode Capital Management LLC grew its holdings in WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after purchasing an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after buying an additional 52,467 shares during the period. Northern Trust Corp increased its stake in WEC Energy Group by 1.4% during the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after buying an additional 48,903 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after buying an additional 2,136,542 shares in 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 business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Up 2.1%

Shares of WEC Energy Group stock opened at $118.69 on Friday. The business has a 50-day moving average price of $113.43 and a 200 day moving average price of $112.46. WEC Energy Group, Inc. has a fifty-two week low of $102.51 and a fifty-two week high of $119.62. The firm has a market cap of $38.66 billion, a P/E ratio of 23.69, a P/E/G ratio of 2.79 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s payout ratio is currently 76.05%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WEC. JPMorgan Chase & Co. decreased their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. Barclays increased their price target 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. Finally, Wells Fargo & Company restated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.60.

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.