WEC Energy Group, Inc. $WEC Shares Sold by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of Kentucky cut its WEC stake by 21.1%, selling 24,020 shares and leaving 89,974 shares valued at about $9.49 million.
• Company insiders have been selling recently: CEO Scott Lauber sold 8,089 shares and Director Ulice Payne Jr. sold 1,450, with insiders offloading 42,354 shares (≈$4.86 million) in the last 90 days and holding 0.46% of the stock.
• WEC announced a quarterly dividend of $0.9525 (annualized $3.81) to be paid June 1, implying a yield of about 3.3% and a payout ratio near 78.9%.

Teachers Retirement System of The State of Kentucky cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 21.1% during the fourth quarter, according to its most recent disclosure 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 quarter. Teachers Retirement System of The State of Kentucky's holdings in WEC Energy Group were worth $9,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in 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 boosted its holdings in 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. boosted its holdings in 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 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 purchasing an additional 95 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings 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 during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred 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 sale, the director directly owned 20,541 shares of the company's stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were 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 directly owned 66,801 shares in the company, valued at approximately $7,394,870.70. This represents a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,354 shares of company stock valued at $4,855,505. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Price Performance

Shares of WEC opened at $114.65 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $119.62. The firm's 50 day moving average price is $115.56 and its 200 day moving average price is $111.94. The company has a market cap of $37.34 billion, a P/E ratio of 23.74, a PEG ratio of 2.75 and a beta of 0.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts forecast that WEC Energy Group, Inc. will post 5.6 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be given a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group's dividend payout ratio is currently 78.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WEC. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. Jefferies Financial Group reduced their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a "hold" rating on the stock in a research note on Wednesday, January 28th. BTIG Research reissued a "buy" rating and issued a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. Finally, Truist Financial began coverage on shares of WEC Energy Group in a research note on Monday, April 20th. They issued a "hold" rating and a $124.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $121.94.

WEC Energy Group Company 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.

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