Pacer Advisors Inc. Has $3.16 Million Stock Position in WEC Energy Group, Inc. $WEC

Pacer Advisors Inc. decreased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 24.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,324 shares of the utilities provider’s stock after selling 8,614 shares during the period. Pacer Advisors Inc.’s holdings in WEC Energy Group were worth $3,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in WEC Energy Group by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 10,606 shares during the last quarter. BLB&B Advisors LLC bought a new stake in shares of WEC Energy Group during the fourth quarter worth $6,096,000. NBC Securities Inc. increased its holdings in shares of WEC Energy Group by 5,040.6% during the fourth quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock worth $3,415,000 after buying an additional 31,756 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of WEC Energy Group by 195.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock worth $50,864,000 after buying an additional 318,846 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of WEC Energy Group by 5.4% during the fourth quarter. Assetmark Inc. now owns 180,068 shares of the utilities provider’s stock worth $18,990,000 after buying an additional 9,198 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WEC shares. Truist Financial raised their price objective on WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.41.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares of the company’s stock, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $107.89 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The firm has a market cap of $35.15 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. The firm’s fifty day moving average is $113.52 and its 200-day moving average is $113.81.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

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.