California State Teachers Retirement System Grows Stock Holdings in WEC Energy Group, Inc. $WEC

California State Teachers Retirement System increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,287 shares of the utilities provider's stock after purchasing an additional 5,162 shares during the period. California State Teachers Retirement System owned 0.12% of WEC Energy Group worth $44,289,343 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WEC. Geode Capital Management LLC grew its position in WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock valued at $928,653,000 after acquiring an additional 88,557 shares during the period. Franklin Resources Inc. boosted its stake in WEC Energy Group by 175.0% during the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider's stock valued at $354,093,000 after purchasing an additional 2,136,542 shares during the last quarter. Legal & General Group Plc bought a new position in shares of WEC Energy Group in the second quarter worth $299,100,000. PNC Financial Services Group Inc. grew its stake in shares of WEC Energy Group by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider's stock valued at $297,646,000 after buying an additional 7,206 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in WEC Energy Group by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider's stock worth $192,007,000 after purchasing an additional 78,168 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Monday. Weiss Ratings upgraded shares of WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. Truist Financial cut their target price on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. BMO Capital Markets decreased their target price on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.91.

WEC Energy Group Stock Performance

Shares of WEC stock traded down $1.58 on Tuesday, reaching $103.59. The stock had a trading volume of 1,553,612 shares, compared to its average volume of 2,166,587. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market cap of $33.75 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.17 and a beta of 0.47. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The company has a 50 day simple moving average of $109.86 and a 200 day simple moving average of $112.88.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.7%. WEC Energy Group's dividend payout ratio is currently 73.84%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.46% of the company's stock.

WEC Energy Group Company Profile

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.

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