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

PNC Financial Services Group Inc. grew its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,571,015 shares of the utilities provider’s stock after buying an additional 7,206 shares during the quarter. PNC Financial Services Group Inc.’s holdings in WEC Energy Group were worth $297,646,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pure Financial Advisors LLC boosted its holdings in WEC Energy Group by 3.9% in the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 86 shares during the period. Inscription Capital LLC grew its stake in WEC Energy Group by 4.7% during the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. increased its holdings in WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the period. Matrix Trust Co raised its position in 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 purchasing an additional 95 shares in the last quarter. Finally, State of Wyoming raised its position in WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Down 0.8%

NYSE:WEC opened at $111.68 on Wednesday. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The stock has a market cap of $36.38 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.95 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The stock has a 50-day simple moving average of $113.61 and a 200-day simple moving average of $113.36.

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

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WEC. Truist Financial boosted their price objective on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Barclays raised their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research note on Wednesday, May 6th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

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.