OMERS ADMINISTRATION Corp Makes New Investment in WEC Energy Group, Inc. $WEC

OMERS ADMINISTRATION Corp bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 90,982 shares of the utilities provider’s stock, valued at approximately $10,624,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after buying an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group during the fourth quarter valued at approximately $26,000. Physician Wealth Advisors Inc. lifted its position in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

WEC Energy Group Stock Up 1.5%

Shares of WEC opened at $107.60 on Tuesday. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $112.73 and a two-hundred day simple moving average of $113.70. The company has a market capitalization of $35.06 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WEC shares. JPMorgan Chase & Co. boosted their price target on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. KeyCorp lowered their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.91.

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.