Quantitative Investment Management LLC Invests $1.65 Million in WEC Energy Group, Inc. $WEC

Quantitative Investment Management LLC bought a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,376 shares of the utilities provider’s stock, valued at approximately $1,647,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new stake in WEC Energy Group during the 2nd quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the second quarter valued at about $27,000. New England Capital Financial Advisors LLC raised its stake in shares of WEC Energy Group by 265.8% in the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of WEC Energy Group in the third quarter worth about $30,000. Finally, Capital A Wealth Management LLC lifted its holdings in shares of WEC Energy Group by 5,116.7% during the second quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $115.04 on Friday. The stock has a market capitalization of $37.45 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.72 and a beta of 0.58. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18. The firm’s 50 day simple moving average is $111.68 and its 200-day simple moving average is $110.71. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last posted its earnings results 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. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’s revenue 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. Analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.44, for a total value of $2,886,000.00. Following the completion of the transaction, the director owned 276,600 shares in the company, valued at approximately $31,930,704. This represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares in the company, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WEC. KeyCorp upped their target price 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. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Friday, January 23rd. Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Barclays increased their price objective on shares of WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, BTIG Research reissued a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Moderate Buy” and an average price target of $120.67.

WEC Energy Group Company 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.