Robeco Institutional Asset Management B.V. Trims Stake in WEC Energy Group, Inc. $WEC

Robeco Institutional Asset Management B.V. reduced its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,933 shares of the utilities provider's stock after selling 4,682 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in WEC Energy Group were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in WEC Energy Group during the 1st quarter worth $25,000. Nova Wealth Management Inc. purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $26,000. Hughes Financial Services LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $32,000. Finally, WPG Advisers LLC purchased a new position in shares of WEC Energy Group in the 1st quarter valued at $35,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WEC has been the topic of a number of analyst reports. Citigroup initiated coverage on WEC Energy Group in a report on Friday. They issued a "buy" rating and a $131.00 price target on the stock. Scotiabank lifted their price target on WEC Energy Group from $115.00 to $129.00 and gave the company an "outperform" rating in a report on Monday. UBS Group set a $107.00 price target on WEC Energy Group and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of WEC Energy Group in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $110.70.

Insider Activity at WEC Energy Group

In related news, EVP Molly A. Mulroy sold 4,030 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the transaction, the executive vice president owned 5,829 shares of the company's stock, valued at approximately $643,113.57. This represents a 40.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Krueger sold 5,930 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the transaction, the executive vice president directly owned 6,606 shares of the company's stock, valued at $734,190.84. The trade was a 47.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,448 shares of company stock valued at $7,581,132 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

WEC Energy Group Stock Up 0.5%

Shares of WEC opened at $115.12 on Wednesday. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.15 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $91.94 and a 52 week high of $115.90. The stock's 50-day moving average price is $109.63 and its 200-day moving average price is $107.48. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.05. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.WEC Energy Group's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 14th were given a dividend of $0.8925 per share. This represents a $3.57 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, August 14th. WEC Energy Group's dividend payout ratio (DPR) is currently 68.39%.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

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