WEC Energy Group, Inc. $WEC Shares Bought by USS Investment Management Ltd

USS Investment Management Ltd grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.0% in the 1st quarter, Holdings Channel reports. The firm owned 44,999 shares of the utilities provider’s stock after acquiring an additional 4,819 shares during the quarter. USS Investment Management Ltd’s holdings in WEC Energy Group were worth $5,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in WEC Energy Group during the 4th quarter worth $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the 2nd quarter worth $27,000. Cornerstone Planning Group LLC increased its position 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 buying an additional 264 shares during the period. Finally, Harbor Investment Advisory LLC increased its position 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 worth $29,000 after buying an additional 200 shares during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on WEC. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. dropped their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Truist Financial cut their price objective on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.60.

WEC Energy Group Trading Up 2.1%

Shares of WEC stock opened at $118.69 on Friday. WEC Energy Group, Inc. has a 1 year low of $102.51 and a 1 year high of $119.62. The firm has a market capitalization of $38.66 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.47. The stock has a fifty day moving average of $113.43 and a two-hundred day moving average of $112.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were 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 $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group 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.