Pacer Advisors Inc. Boosts Holdings in WEC Energy Group, Inc. $WEC

Pacer Advisors Inc. lifted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,938 shares of the utilities provider’s stock after purchasing an additional 8,806 shares during the period. Pacer Advisors Inc.’s holdings in WEC Energy Group were worth $3,790,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WEC. Godfrey Financial Associates Inc. purchased a new stake in WEC Energy Group during the 4th quarter worth $25,000. Torren Management LLC purchased a new position in WEC Energy Group in the 4th quarter valued at about $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group in the 2nd quarter valued at about $27,000. Harbor Investment Advisory LLC grew 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 acquiring an additional 200 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 264 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.7%

Shares of WEC Energy Group stock opened at $112.97 on Tuesday. The business has a 50-day moving average price of $113.23 and a 200 day moving average price of $111.78. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62. The firm has a market cap of $36.80 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.70 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were paid a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is 76.05%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction 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 owned 7,346 shares of the company’s stock, 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 SEC, which is available through this link. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. KeyCorp raised their price objective on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial cut their target price on 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. Finally, JPMorgan Chase & Co. reduced their target price on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $122.12.

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.