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PNC Financial Services Group Inc. Has $296.78 Million Stock Holdings in WEC Energy Group, Inc. $WEC
PNC Financial Services Group Inc. has significantly increased its stake in WEC Energy Group, now owning 2,589,930 shares valued at approximately $296.78 million. This comes as WEC Energy Group raised its quarterly dividend to $0.9525, implying a 3.3% yield, and reported Q results that modestly beat EPS estimates. The company maintains a “Moderate Buy” consensus rating with an average target price of $120.07.