Public Employees Retirement System of Ohio Has $10.22 Million Stock Holdings in WEC Energy Group, Inc. (NYSE:WEC)

Public Employees Retirement System of Ohio decreased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,668 shares of the utilities provider's stock after selling 6,221 shares during the period. Public Employees Retirement System of Ohio's holdings in WEC Energy Group were worth $10,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEC. Wellington Management Group LLP grew its stake in WEC Energy Group by 134.2% in the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock worth $1,038,931,000 after acquiring an additional 6,329,574 shares during the period. Geode Capital Management LLC grew its stake in WEC Energy Group by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 8,063,653 shares of the utilities provider's stock worth $756,423,000 after buying an additional 110,802 shares during the period. Deutsche Bank AG boosted its position in shares of WEC Energy Group by 3.1% in the fourth quarter. Deutsche Bank AG now owns 5,722,158 shares of the utilities provider's stock worth $538,112,000 after buying an additional 173,006 shares during the period. JPMorgan Chase & Co. grew its stake in shares of WEC Energy Group by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after buying an additional 699,177 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of WEC Energy Group by 7.9% in the fourth quarter. Invesco Ltd. now owns 4,212,188 shares of the utilities provider's stock valued at $396,114,000 after purchasing an additional 309,697 shares during the period. Hedge funds and other institutional investors own 77.20% of the company's stock.

WEC Energy Group Price Performance

WEC Energy Group stock traded down $2.26 during midday trading on Wednesday, hitting $105.30. The company's stock had a trading volume of 1,625,757 shares, compared to its average volume of 2,144,743. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock's 50-day moving average price is $106.94 and its 200-day moving average price is $102.24. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00. The company has a market capitalization of $33.60 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.8975 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.41%. WEC Energy Group's payout ratio is 69.59%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now owns 274,955 shares in the company, valued at approximately $29,865,612.10. The trade was a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the sale, the vice president now owns 2,686 shares in the company, valued at approximately $289,470.22. The trade was a 44.52% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

WEC has been the subject of several research analyst reports. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays raised their target price on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Scotiabank set a $115.00 price objective on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets lifted their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price target on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $107.13.

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.