South Street Advisors LLC Grows Stock Position in WEC Energy Group, Inc. $WEC

South Street Advisors LLC increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,917 shares of the utilities provider’s stock after purchasing an additional 6,035 shares during the quarter. WEC Energy Group accounts for 2.7% of South Street Advisors LLC’s holdings, making the stock its 17th largest holding. South Street Advisors LLC owned about 0.06% of WEC Energy Group worth $20,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of WEC Energy Group by 0.8% in 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 buying an additional 334,563 shares during the period. Geode Capital Management LLC grew its position in shares of 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 buying an additional 235,653 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 buying an additional 337,300 shares during the period. Legal & General Group Plc increased its stake in shares of WEC Energy Group by 3.4% during the third quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after buying an additional 87,446 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after acquiring an additional 226,894 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WEC shares. Jefferies Financial Group decreased their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research report on Friday, February 6th. Mizuho boosted their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. One 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.67.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $117.48 on Friday. The firm has a market capitalization of $38.24 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.76 and a beta of 0.58. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $118.18. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The firm’s 50 day moving average is $111.90 and its two-hundred day moving average is $110.78.

WEC Energy Group (NYSE:WEC) last released 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 company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter 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. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Activity at WEC Energy Group

In other WEC Energy Group 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 transaction, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This trade represents a 37.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total value 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. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock valued at $4,855,505 over the last quarter. 0.50% of the stock is owned by insiders.

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.