California Public Employees Retirement System Has $78.52 Million Stake in WEC Energy Group, Inc. $WEC

California Public Employees Retirement System reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 678,212 shares of the utilities provider’s stock after selling 147,170 shares during the period. California Public Employees Retirement System owned 0.21% of WEC Energy Group worth $78,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its holdings in WEC Energy Group by 26.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 529,319 shares of the utilities provider’s stock valued at $55,822,000 after acquiring an additional 109,745 shares during the last quarter. Oak Thistle LLC acquired a new stake in WEC Energy Group during the 4th quarter valued at approximately $5,363,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in WEC Energy Group by 24.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock worth $5,613,000 after purchasing an additional 10,606 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in WEC Energy Group by 195.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after purchasing an additional 318,846 shares during the last quarter. Finally, Country Trust Bank lifted its position in shares of WEC Energy Group by 6.3% in the 4th quarter. Country Trust Bank now owns 255,685 shares of the utilities provider’s stock worth $26,965,000 after purchasing an additional 15,182 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $113.36 on Monday. The stock has a market capitalization of $36.93 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.72 and a beta of 0.47. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91. The stock’s 50 day moving average price is $113.63 and its two-hundred day moving average price is $113.27. 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 announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is 76.05%.

Analyst Ratings Changes

WEC has been the topic of a number of analyst reports. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Truist Financial lifted their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

Insiders Place Their Bets

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

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.