OMERS ADMINISTRATION Corp Buys Shares of 90,982 WEC Energy Group, Inc. $WEC

OMERS ADMINISTRATION Corp bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 90,982 shares of the utilities provider’s stock, valued at approximately $10,624,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WEC. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the 4th quarter worth approximately $25,000. Torren Management LLC acquired a new position in WEC Energy Group during the fourth quarter worth $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter worth $27,000. Physician Wealth Advisors Inc. boosted its position in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after buying an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Trading Up 1.5%

WEC opened at $107.60 on Tuesday. The business has a fifty day moving average price of $112.73 and a 200 day moving average price of $113.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The stock has a market capitalization of $35.06 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.83 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s payout ratio is currently 73.84%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WEC. Truist Financial decreased their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. JPMorgan Chase & Co. lifted their target price on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. KeyCorp cut their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research report on Wednesday, May 6th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.

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.