WEC Energy Group, Inc. $WEC Shares Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 35.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,171 shares of the utilities provider’s stock after purchasing an additional 12,569 shares during the period. Johnson Financial Group Inc.’s holdings in WEC Energy Group were worth $5,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WEC. AE Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 4.9% during the third quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after purchasing an additional 7,970 shares during the period. Baillie Gifford & Co. increased its stake in WEC Energy Group by 53.0% during the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after acquiring an additional 45,477 shares during the last quarter. Alley Investment Management Company LLC raised its stake in shares of WEC Energy Group by 36.5% in the 3rd quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock valued at $6,820,000 after buying an additional 15,926 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in WEC Energy Group by 13.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock worth $48,079,000 after buying an additional 49,905 shares during the period. Finally, Associated Banc Corp grew its holdings in shares of WEC Energy Group by 64.0% during the third quarter. Associated Banc Corp now owns 39,328 shares of the utilities provider’s stock valued at $4,507,000 after buying an additional 15,342 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE WEC opened at $115.04 on Friday. The business’s 50 day moving average price is $111.68 and its 200-day moving average price is $110.71. The company has a market cap of $37.45 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.72 and a beta of 0.58. 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 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 released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Buying and Selling at WEC Energy Group

In related news, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the sale, the vice president owned 4,707 shares of the company’s stock, valued at $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $31,930,704. This trade represents a 8.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,354 shares of company stock worth $4,855,505 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of several analyst reports. BTIG Research reiterated a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Barclays increased their price target on shares of WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group dropped their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

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.