Swiss National Bank Reduces Stock Position in WEC Energy Group, Inc. $WEC

Swiss National Bank decreased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 4.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 919,887 shares of the utilities provider’s stock after selling 46,000 shares during the quarter. Swiss National Bank owned about 0.28% of WEC Energy Group worth $105,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of WEC Energy Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock valued at $4,615,722,000 after acquiring an additional 334,563 shares during the last quarter. Geode Capital Management LLC increased its position in WEC Energy Group by 2.8% during the second quarter. Geode Capital Management LLC now owns 8,594,608 shares of the utilities provider’s stock worth $892,020,000 after purchasing an additional 235,653 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the period. Legal & General Group Plc boosted its holdings in WEC Energy Group by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 2,609,802 shares of the utilities provider’s stock valued at $271,941,000 after purchasing an additional 162,963 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of WEC Energy Group by 9.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after buying an additional 226,894 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $114.41 on Wednesday. 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. The company has a 50 day moving average price of $111.34 and a 200 day moving average price of $110.66. The stock has a market capitalization of $37.24 billion, a P/E ratio of 23.69, a PEG ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm’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. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Transactions at WEC Energy Group

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

Wall Street Analysts Forecast Growth

WEC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Wells Fargo & Company cut their target price on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. UBS Group reduced their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. Finally, Mizuho raised their price objective on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.