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Recently, institutional investments in WEC Energy Group have surged. Confluence Investment Management acquired shares worth $127.9 million in Q1, while Envestnet Asset Management increased their stake by 93.3% in Q4, now owning over 1.6 million shares valued at $140.1 million. American Century Companies boosted its holdings by 36.7% in Q2, totaling 2.5 million shares valued at $201.3 million. Earnest Partners also increased their position by 36.0% in Q1, and Susquehanna Fundamental made a new investment worth $23.3 million. Overall, institutional investors own 77.2% of WEC’s shares.
Insider Transactions
WEC VP Mary Beth Straka sold 3,240 shares on August 30 for $301,449.60, holding 3,662 shares post-sale. VP William J. Guc also sold 6,000 shares on August 28 for $557,940.00. In total, insiders sold 11,702 shares worth over $1 million in the past three months, and corporate insiders own 0.34% of the stock.
WEC Energy Group Stock Performance
WEC shares opened at $96.26, with a market cap of $30.4 billion, a PE ratio of 21.02, and a $0.67 EPS in the latest quarter. The company declared a quarterly dividend of $0.835, yielding 3.47% with a payout ratio of 72.93%.
Analyst Insights
Analysts recently upgraded WEC Energy Group’s target price, with Wells Fargo and Scotiabank setting targets at $103.00. The consensus rating is Hold with a target price of $91.69.
Company Overview
WEC Energy Group provides regulated energy services across the U.S. under various segments including natural gas and electricity.
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