Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in WEC Energy Group, Inc. $WEC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 658,310 shares of the utilities provider’s stock after purchasing an additional 8,621 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WEC Energy Group were worth $69,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Vanguard Group Inc. boosted its holdings in shares of WEC Energy Group by 2.0% in the 4th 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. Freestone Grove Partners LP boosted its position in WEC Energy Group by 30,697.3% during the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after buying an additional 618,550 shares during the period. Balyasny Asset Management L.P. boosted its position in WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after buying an additional 592,028 shares during the period. Envestnet Asset Management Inc. boosted its position in WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock valued at $349,109,000 after buying an additional 337,300 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in WEC Energy Group by 195.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after buying an additional 318,846 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $111.07 on Friday. 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 firm has a 50-day moving average of $114.22 and a 200-day moving average of $111.66. The firm has a market cap of $36.18 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.67 and a beta of 0.50. WEC Energy Group, Inc. has a 1-year low of $102.49 and a 1-year high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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%. WEC Energy Group’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company 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. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is currently 76.05%.

Analysts Set New Price Targets

Several analysts have issued reports on WEC shares. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Truist Financial cut their price target on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. KeyCorp upped their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Finally, Barclays upped their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $122.13.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated 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 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 is accessible through this hyperlink. Corporate 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.