California Public Employees Retirement System Sells 147,170 Shares of WEC Energy Group, Inc. $WEC

California Public Employees Retirement System lessened its position in WEC Energy Group, Inc. (NYSE:WEC) by 17.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 678,212 shares of the utilities provider’s stock after selling 147,170 shares during the period. California Public Employees Retirement System’s holdings in WEC Energy Group were worth $78,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of WEC. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group during the fourth quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group in the 4th quarter worth $26,000. Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group in the 2nd quarter valued at $27,000. Physician Wealth Advisors Inc. grew its position in WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays upped their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Truist Financial lifted their price target on WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold 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 $124.07.

WEC Energy Group Trading Up 0.0%

NYSE WEC opened at $113.36 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $113.63 and a 200 day simple moving average of $113.27. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The firm has a market capitalization of $36.93 billion, a P/E ratio of 22.63, a PEG ratio of 2.72 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.46% 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.