Neo Ivy Capital Management Invests $723,000 in WEC Energy Group, Inc. $WEC

Neo Ivy Capital Management purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,306 shares of the utilities provider’s stock, valued at approximately $723,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in 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 valued at $4,162,348,000 after purchasing an additional 816,243 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of 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 buying an additional 592,028 shares during the last quarter. Marshall Wace LLP grew its stake in shares of 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 buying an additional 581,748 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of WEC Energy Group during the third quarter worth $57,028,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of WEC Energy Group in the 3rd quarter valued at $40,362,000. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the transaction, the director owned 20,541 shares in the company, valued at $2,353,998.60. The trade was a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 42,354 shares of company stock worth $4,855,505. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

WEC has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Barclays upped their target price on WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Wells Fargo & Company cut their price target on 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. UBS Group reduced their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

WEC Energy Group Stock Down 0.2%

Shares of WEC Energy Group stock opened at $115.91 on Friday. WEC Energy Group, Inc. has a one year low of $100.61 and a one year 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’s 50-day moving average is $110.97 and its 200 day moving average is $110.55. The firm has a market cap of $37.73 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last released its earnings results 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 business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s 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. Equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

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.