Quantitative Investment Management LLC Takes Position in WEC Energy Group, Inc. $WEC

Quantitative Investment Management LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,376 shares of the utilities provider’s stock, valued at approximately $1,647,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WEC. CVA Family Office LLC lifted its holdings 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 valued at $50,000 after purchasing an additional 89 shares in the last quarter. Blossom Wealth Management increased its stake in shares of WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 90 shares in the last quarter. MTM Investment Management LLC raised 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 worth $283,000 after purchasing an additional 95 shares during the last quarter. Ellenbecker Investment Group raised its position in shares of WEC Energy Group by 0.5% during the 3rd 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 during the last quarter. Finally, MBE Wealth Management LLC lifted its stake in WEC Energy Group by 3.5% in the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock valued at $320,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

WEC has been the subject of several research reports. BMO Capital Markets reiterated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. Bank of America set a $116.00 price target on WEC Energy Group in a research report on Wednesday, December 31st. UBS Group reduced their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 target price 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 given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was 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 of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $32,237,730. This represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock worth $4,855,505 over the last ninety days. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Stock Up 1.5%

Shares of NYSE WEC opened at $115.04 on Friday. The company has a 50 day simple moving average of $111.68 and a 200-day simple moving average of $110.71. The company has a market capitalization of $37.45 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.72 and a beta of 0.58. 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, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current 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.