Van ECK Associates Corp Purchases 5,648 Shares of WEC Energy Group, Inc. $WEC

Van ECK Associates Corp lifted its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,581 shares of the utilities provider’s stock after purchasing an additional 5,648 shares during the quarter. Van ECK Associates Corp’s holdings in WEC Energy Group were worth $17,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WEC. CVA Family Office LLC grew its position in WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares in the last quarter. Blossom Wealth Management boosted its position in shares of WEC Energy Group by 1.4% during the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 90 shares during the last quarter. MTM Investment Management LLC boosted its position in shares of WEC Energy Group by 3.6% during the 2nd quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $283,000 after acquiring an additional 95 shares during the last quarter. Ellenbecker Investment Group grew its holdings in shares of WEC Energy Group by 0.5% during the third quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock worth $2,305,000 after purchasing an additional 95 shares in the last quarter. Finally, MBE Wealth Management LLC grew its holdings in shares of WEC Energy Group by 3.5% during the third quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

NYSE WEC traded up $2.00 on Friday, reaching $117.05. 264,691 shares of the company’s stock traded hands, compared to its average volume of 2,316,700. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The stock has a 50-day simple moving average of $111.68 and a 200 day simple moving average of $110.71. The stock has a market cap of $38.10 billion, a PE ratio of 24.23, a P/E/G ratio of 2.72 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping 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 firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WEC shares. Wells Fargo & Company lowered 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 note on Tuesday, January 20th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a report on Friday, February 6th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. Finally, Barclays upped their target price on shares of WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. One equities 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 company. According to MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and a consensus target price of $120.67.

Insider Buying and Selling at WEC Energy Group

In other news, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the transaction, the director owned 276,600 shares in the company, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the business’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 completion of the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

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.