Public Employees Retirement System of Ohio Makes New $11.77 Million Investment in WEC Energy Group, Inc. $WEC

Public Employees Retirement System of Ohio acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,795 shares of the utilities provider’s stock, valued at approximately $11,770,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WEC. Whittier Trust Co. of Nevada Inc. raised its position in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. grew its position in shares of WEC Energy Group by 113.9% in the first 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. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the second quarter worth about $27,000. Finally, Compass Financial Management LLC purchased a new stake in shares of WEC Energy Group during the second quarter worth about $29,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WEC shares. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a research report on Tuesday, August 4th. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. KeyCorp reduced their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets lowered their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Performance

NYSE:WEC opened at $106.15 on Monday. The company has a market cap of $34.59 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.84 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company’s 50-day moving average price is $112.23 and its 200-day moving average price is $113.55. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. WEC Energy Group’s dividend payout ratio is 73.84%.

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.