WEC Energy Group, Inc. $WEC Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. cut its stake in WEC Energy Group, Inc. (NYSE:WEC) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,028,768 shares of the utilities provider’s stock after selling 90,477 shares during the period. WEC Energy Group makes up approximately 1.3% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 23rd largest holding. Duff & Phelps Investment Management Co.’s holdings in WEC Energy Group were worth $117,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of WEC Energy Group by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock worth $4,162,348,000 after acquiring an additional 816,243 shares during the period. Balyasny Asset Management L.P. raised its holdings in WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares during the last quarter. Marshall Wace LLP boosted its position in WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after purchasing an additional 581,748 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in WEC Energy Group during the third quarter worth $57,028,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in WEC Energy Group in the third quarter valued at $40,362,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the subject of a number of research analyst reports. KeyCorp raised their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Mizuho boosted their price objective on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. UBS Group dropped their target price on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Wells Fargo & Company cut their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $113.31 on Thursday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.18. The company has a market capitalization of $36.89 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.75 and a beta of 0.58. The stock has a fifty day moving average of $111.49 and a two-hundred day moving average of $110.68. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the transaction, the chief executive officer directly owned 66,801 shares in the company, valued at approximately $7,394,870.70. This represents a 10.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 in the last 90 days. Company insiders own 0.50% of the company’s stock.

WEC Energy Group 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.