California Public Employees Retirement System Reduces Stake in WEC Energy Group, Inc. $WEC

California Public Employees Retirement System trimmed its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 960,632 shares of the utilities provider’s stock after selling 234,870 shares during the quarter. California Public Employees Retirement System owned approximately 0.30% of WEC Energy Group worth $110,079,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth about $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new position in WEC Energy Group during the third quarter worth about $30,000. Capital A Wealth Management LLC raised its position in WEC Energy Group by 5,116.7% during the second quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 307 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in WEC Energy Group during the third quarter worth about $38,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the topic of several research reports. Jefferies Financial Group lowered their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Mizuho lifted their price objective on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. KeyCorp upped their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Finally, Bank of America set a $116.00 price target on WEC Energy Group in a research report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,354 shares of company stock worth $4,855,505 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $117.93 on Tuesday. The firm’s fifty day simple moving average is $112.15 and its 200 day simple moving average is $110.91. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.19. The firm has a market capitalization of $38.39 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.82 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was down 8.8% 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 research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.