WEC Energy Group, Inc. (NYSE:WEC) Position Decreased by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,955,783 shares of the utilities provider's stock after selling 10,271 shares during the quarter. California Public Employees Retirement System owned 0.62% of WEC Energy Group worth $164,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WEC. Tennessee Valley Asset Management Partners acquired a new stake in shares of WEC Energy Group in the 4th quarter valued at $26,000. Valued Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter valued at $28,000. Fortitude Family Office LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter valued at $33,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of WEC Energy Group in the 3rd quarter valued at $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of WEC Energy Group in the 3rd quarter valued at $38,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

WEC Energy Group stock remained flat at $81.97 during midday trading on Tuesday. 1,979,347 shares of the company's stock traded hands, compared to its average volume of 2,138,812. WEC Energy Group, Inc. has a 52 week low of $75.13 and a 52 week high of $98.80. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.40 and a current ratio of 0.55. The stock has a market cap of $25.86 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40. The business has a 50-day moving average price of $79.97 and a 200 day moving average price of $81.41.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities research analysts forecast that WEC Energy Group, Inc. will post 4.88 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Monday, May 13th. WEC Energy Group's payout ratio is 79.15%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of WEC Energy Group from $79.00 to $75.00 and set an "underweight" rating on the stock in a report on Thursday, February 8th. Wells Fargo & Company cut their price target on shares of WEC Energy Group from $93.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday, February 2nd. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, January 13th. KeyCorp lifted their price target on shares of WEC Energy Group from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, The Goldman Sachs Group began coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They set a "neutral" rating and a $88.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.64.

Insider Buying and Selling

In related news, Chairman Gale E. Klappa sold 37,180 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now owns 274,782 shares of the company's stock, valued at $21,622,595.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Gale E. Klappa sold 37,180 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the sale, the chairman now owns 274,782 shares of the company's stock, valued at $21,622,595.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott J. Lauber sold 2,830 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $78.89, for a total transaction of $223,258.70. Following the sale, the chief executive officer now directly owns 43,125 shares in the company, valued at approximately $3,402,131.25. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

WEC Energy Group Profile

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.