Teachers Retirement System of The State of Kentucky Reduces Position in WEC Energy Group, Inc. $WEC

Teachers Retirement System of The State of Kentucky cut its position in WEC Energy Group, Inc. (NYSE:WEC) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,974 shares of the utilities provider’s stock after selling 24,020 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in WEC Energy Group were worth $9,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. CVA Family Office LLC increased its position in shares of WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 89 shares during the last quarter. Blossom Wealth Management increased its position in shares of WEC Energy Group by 1.4% in the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after purchasing an additional 90 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after purchasing an additional 93 shares during the last quarter. MBE Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 3.5% in the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock valued at $320,000 after buying an additional 95 shares in the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of WEC Energy Group by 0.7% in the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock valued at $1,508,000 after buying an additional 95 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,354 shares of company stock worth $4,855,505 over the last quarter. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WEC. KeyCorp upped their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Mizuho upped their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, February 6th. BTIG Research restated a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. JPMorgan Chase & Co. upped their target price on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Finally, Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.94.

WEC Energy Group Stock Up 0.0%

Shares of NYSE:WEC opened at $114.65 on Monday. The stock has a market cap of $37.34 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.75 and a beta of 0.53. The firm has a fifty day moving average price of $115.56 and a 200 day moving average price of $111.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. WEC Energy Group, Inc. has a 1-year low of $100.61 and a 1-year high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. WEC Energy Group’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.6 EPS for the current year.

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

About WEC Energy Group

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.