California Public Employees Retirement System Decreases Stock Position 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% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 960,632 shares of the utilities provider’s stock after selling 234,870 shares during the period. California Public Employees Retirement System’s holdings in WEC Energy Group were worth $110,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in WEC Energy Group by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock valued at $4,162,348,000 after buying an additional 816,243 shares during the last quarter. Freestone Grove Partners LP increased its position in shares of WEC Energy Group by 30,697.3% during the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after acquiring an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after acquiring an additional 592,028 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of WEC Energy Group by 160.6% in the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after acquiring an additional 581,748 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of WEC Energy Group in the third quarter worth about $57,028,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $117.93 on Tuesday. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $118.19. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The firm has a market capitalization of $38.39 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58. The business has a 50 day simple moving average of $112.15 and a 200 day simple moving average of $110.91.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share 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 for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

WEC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Bank of America set a $116.00 target price on WEC Energy Group in a research report on Wednesday, December 31st. Mizuho increased their target price on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. KeyCorp raised their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were 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 of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the sale, the vice president directly owned 4,707 shares of the company’s stock, valued at $543,658.50. The trade was a 37.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,354 shares of company stock valued at $4,855,505 in the last ninety days. Company insiders own 0.50% of the company’s stock.

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.