Rathbones Group PLC Purchases 38,600 Shares of WEC Energy Group, Inc. $WEC

Rathbones Group PLC increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 787,535 shares of the utilities provider’s stock after buying an additional 38,600 shares during the period. Rathbones Group PLC’s holdings in WEC Energy Group were worth $83,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC lifted its stake in shares of WEC Energy Group by 4.9% in the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock valued at $19,683,000 after purchasing an additional 7,970 shares during the period. Baillie Gifford & Co. grew 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 purchasing an additional 45,477 shares during the period. Alley Investment Management Company LLC increased its holdings in WEC Energy Group by 36.5% in the third quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock worth $6,820,000 after purchasing an additional 15,926 shares in the last quarter. London & Capital Asset Management Ltd lifted its stake in WEC Energy Group by 48.1% in the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after buying an additional 10,231 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In related news, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the completion of the sale, the vice president directly owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This represents a 37.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the transaction, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 42,354 shares of company stock valued at $4,855,505. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WEC shares. Wells Fargo & Company dropped their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. KeyCorp upped their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America set a $116.00 target price on WEC Energy Group in a research note on Wednesday, December 31st. Finally, UBS Group dropped their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.73.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $117.67 on Monday. The stock has a market cap of $38.33 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.82 and a beta of 0.53. 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, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.53. The firm’s 50-day simple moving average is $114.32 and its 200 day simple moving average is $111.58.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s quarterly 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. As a group, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

About WEC Energy Group

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.