Arizona State Retirement System Decreases Stock Position in WEC Energy Group, Inc. $WEC

Arizona State Retirement System lessened its stake in WEC Energy Group, Inc. (NYSE:WEC) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,310 shares of the utilities provider’s stock after selling 5,624 shares during the quarter. Arizona State Retirement System’s holdings in WEC Energy Group were worth $9,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 4.9% during the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after buying an additional 7,970 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of WEC Energy Group by 53.0% during the 3rd quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after buying an additional 45,477 shares in the last quarter. Alley Investment Management Company LLC boosted its holdings in shares of WEC Energy Group by 36.5% during the 3rd quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock worth $6,820,000 after buying an additional 15,926 shares in the last quarter. London & Capital Asset Management Ltd boosted its holdings in shares of WEC Energy Group by 48.1% during the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock worth $3,609,000 after buying an additional 10,231 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of WEC Energy Group by 13.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock worth $48,079,000 after buying an additional 49,905 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

WEC stock opened at $114.65 on Friday. The firm has a market cap of $37.34 billion, a PE ratio of 23.74, a P/E/G ratio of 2.77 and a beta of 0.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $115.56 and a 200-day moving average of $111.96. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts expect that WEC Energy Group, Inc. will post 5.6 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is presently 78.88%.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Barclays upped their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, KeyCorp upped their price target on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.94.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the transaction, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. This represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president owned 4,707 shares of the company’s stock, valued at $543,658.50. The trade was a 37.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 42,354 shares of company stock worth $4,855,505. 0.46% of the stock is currently owned by company insiders.

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.