WEC Energy Group, Inc. $WEC Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 659,533 shares of the utilities provider’s stock after selling 11,800 shares during the quarter. Employees Retirement System of Texas’ holdings in WEC Energy Group were worth $69,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Torren Management LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group during the second quarter valued at about $27,000. Harbor Investment Advisory LLC raised its stake in shares of WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Cornerstone Planning Group LLC lifted 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 worth $30,000 after purchasing an additional 264 shares during the period. Finally, GoalVest Advisory LLC grew its position in WEC Energy Group by 54.7% in the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $113.16 on Wednesday. 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. The stock has a market cap of $36.86 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. The company’s 50-day moving average price is $114.52 and its two-hundred day moving average price is $111.66.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share 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 net margin of 16.25% and a return on equity of 12.72%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be given a $0.9525 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s payout ratio is 76.05%.

Analysts Set New Price Targets

Several research firms have commented on WEC. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday. BMO Capital Markets reiterated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. KeyCorp boosted their target price on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Barclays upped their target price on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.13.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 transaction, the executive vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.