WEC Energy Group, Inc. $WEC Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 0.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,571,015 shares of the utilities provider’s stock after acquiring an additional 7,206 shares during the period. PNC Financial Services Group Inc. owned about 0.79% of WEC Energy Group worth $297,646,000 at the end of the most recent quarter.

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

WEC Energy Group Trading Down 0.8%

NYSE WEC opened at $111.68 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The stock has a market capitalization of $36.38 billion, a P/E ratio of 22.29, a PEG ratio of 1.95 and a beta of 0.47. The firm’s 50-day moving average is $113.61 and its two-hundred day moving average is $113.36. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The company 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 dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 76.05%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. 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. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Barclays increased their price target on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. 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, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.