WEC Energy Group, Inc. $WEC Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 65.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,923 shares of the utilities provider’s stock after selling 36,094 shares during the period. Ontario Teachers Pension Plan Board’s holdings in WEC Energy Group were worth $2,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock valued at $4,162,348,000 after purchasing an additional 816,243 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of WEC Energy Group by 324.1% in the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after acquiring an additional 592,028 shares during the period. Marshall Wace LLP grew its stake in shares of WEC Energy Group by 160.6% in the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after acquiring an additional 581,748 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of WEC Energy Group in the third quarter worth $57,028,000. Finally, Massachusetts Financial Services Co. MA bought a new position in WEC Energy Group during the third quarter worth $40,362,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on WEC shares. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a report on Friday, February 6th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Mizuho lifted their target price on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. BTIG Research restated a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Finally, UBS Group cut their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus target price of $120.07.

WEC Energy Group Stock Performance

NYSE WEC opened at $113.50 on Thursday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.18. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The stock has a market cap of $36.92 billion, a P/E ratio of 23.50, a PEG ratio of 2.77 and a beta of 0.58. The company’s 50-day simple moving average is $108.31 and its 200 day simple moving average is $110.00.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, February 13th. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the sale, the vice president owned 4,707 shares in the company, valued at $543,658.50. This represents a 37.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,904 shares of company stock worth $4,689,335 over the last three months. 0.50% of the stock is currently 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.