WEC Energy Group, Inc. $WEC Shares Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. raised its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 35.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,171 shares of the utilities provider’s stock after purchasing an additional 12,569 shares during the quarter. Johnson Financial Group Inc.’s holdings in WEC Energy Group were worth $5,520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in shares of WEC Energy Group during the 2nd quarter worth $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the second quarter worth $27,000. Salomon & Ludwin LLC bought a new position in WEC Energy Group during the 3rd quarter valued at $30,000. New England Capital Financial Advisors LLC boosted its holdings in WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. Finally, Capital A Wealth Management LLC grew its holdings in WEC Energy Group by 5,116.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $115.04 on Friday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.18. The firm’s fifty day simple moving average is $111.68 and its 200 day simple moving average is $110.71. The stock has a market cap of $37.45 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.72 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data 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. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. 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 EPS for the current year.

Analyst Upgrades and Downgrades

WEC has been the subject of a number of recent analyst reports. Mizuho lifted their price target on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Wells Fargo & Company decreased their target price on shares of 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. BTIG Research reiterated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research note on Wednesday, December 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. One equities research 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, WEC Energy Group has a consensus rating of “Moderate Buy” and an average price target of $120.67.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 20,541 shares in the company, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president owned 4,707 shares in the company, valued at $543,658.50. This represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is owned by company insiders.

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.