Park National Corp OH Has $17.65 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Park National Corp OH grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.9% in the 1st quarter, HoldingsChannel reports. The firm owned 152,486 shares of the utilities provider’s stock after acquiring an additional 17,476 shares during the quarter. Park National Corp OH’s holdings in WEC Energy Group were worth $17,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WEC. Empowered Funds LLC lifted its stake in WEC Energy Group by 16.9% during the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 2,417 shares in the last quarter. Woodline Partners LP increased its position in shares of WEC Energy Group by 41.3% in the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after acquiring an additional 7,841 shares in the last quarter. Cerity Partners LLC increased its position in shares of WEC Energy Group by 7.3% in the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after acquiring an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of WEC Energy Group by 477.4% during the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock valued at $34,756,000 after acquiring an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of WEC Energy Group by 8.8% during the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after acquiring an additional 4,730 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. JPMorgan Chase & Co. lowered their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Truist Financial cut their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and a consensus price target of $122.12.

WEC Energy Group Price Performance

Shares of WEC opened at $112.27 on Friday. The business’s 50-day moving average is $113.35 and its 200-day moving average is $111.73. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market capitalization of $36.57 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.70 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $119.62.

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

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were given a $0.9525 dividend. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 76.05%.

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.