PNC Financial Services Group Inc. Lowers Holdings in WEC Energy Group, Inc. $WEC

PNC Financial Services Group Inc. lessened its stake in WEC Energy Group, Inc. (NYSE:WEC) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,563,809 shares of the utilities provider’s stock after selling 26,121 shares during the quarter. PNC Financial Services Group Inc.’s holdings in WEC Energy Group were worth $270,379,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after buying an additional 819,627 shares during the last quarter. Envestnet Asset Management Inc. raised its position in WEC Energy Group by 12.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after buying an additional 337,300 shares during the last quarter. Legal & General Group Plc raised its position in WEC Energy Group by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after buying an additional 87,446 shares during the last quarter. Mairs & Power Inc. raised its position in WEC Energy Group by 20.2% in the 3rd quarter. Mairs & Power Inc. now owns 1,793,851 shares of the utilities provider’s stock worth $205,557,000 after buying an additional 301,323 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its position in WEC Energy Group by 4.7% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,326,668 shares of the utilities provider’s stock worth $152,023,000 after buying an additional 59,688 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WEC shares. Argus raised WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. decreased their target price on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Truist Financial decreased their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday. Finally, Barclays boosted their price target on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $122.13.

WEC Energy Group Trading Up 1.8%

Shares of NYSE:WEC opened at $111.48 on Wednesday. The stock has a 50 day moving average of $114.79 and a 200 day moving average of $111.63. The company has a market cap of $36.31 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12-month low of $102.49 and a 12-month high of $119.62.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s payout ratio is 76.05%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares in the company, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

About WEC Energy Group

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.