North Dakota State Investment Board Makes New $1.16 Million Investment in WEC Energy Group, Inc. $WEC

North Dakota State Investment Board purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 10,951 shares of the utilities provider’s stock, valued at approximately $1,155,000.

A number of other institutional investors also recently modified their holdings of the stock. Torren Management LLC acquired a new position in WEC Energy Group during the fourth quarter worth $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group during the second quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its holdings in WEC Energy Group by 2,400.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its holdings in shares of WEC Energy Group by 54.7% in the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of recent analyst reports. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Friday, January 23rd. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. Finally, Barclays boosted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.13.

WEC Energy Group Stock Performance

WEC stock opened at $110.70 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The business’s fifty day simple moving average is $114.69 and its two-hundred day simple moving average is $111.62. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.68 and a beta of 0.50.

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

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 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.