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Hedge funds are actively buying and selling WEC Energy Group shares. Confluence Investment Management acquired a significant position worth $127.9 million in Q1. Envestnet Asset Management boosted their stake by 93.3% in Q4, now holding over $140 million. American Century raised its holdings by 36.7% in Q2, valuing at about $201.3 million. Earnest Partners increased their position by 36% this past quarter, now valued at $143.6 million. Susquehanna Fundamental also entered a position worth $23.3 million. In total, institutional investors control 77.20% of the stock.
Insider Activity
VP Mary Beth Straka sold 3,240 shares on August 30 for $301,449.60, retaining 3,662 shares. VP William J. Guc also sold 6,000 shares worth $557,940 on August 28. Recent insider sales totaled 11,702 shares worth over $1 million. Insiders own 0.34% of WEC.
Stock Performance
WEC shares opened at $96.26, with a market cap of $30.4 billion and a P/E ratio of 21.02. The stock traded between $75.13 and $97.08 over the past year. WEC reported $0.67 EPS for Q2, beating estimates but showing a revenue decline of 3.2% year-over-year.
Dividend Announcement
WEC declared a quarterly dividend of $0.835, paid on September 1, yielding 3.47%, with a payout ratio of 72.93%.
Analyst Ratings
Recent upgrades from analysts include Wells Fargo increasing their target to $103. Four analysts rated it a buy, while five recommended hold. The consensus target price stands at $91.69.
Company Overview
WEC Energy Group, Inc. provides regulated energy services in the U.S. through various segments including gas, electricity, and renewable energy.
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