Crawford Investment Counsel Inc. lifted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,100,872 shares of the utilities provider’s stock after purchasing an additional 6,861 shares during the period. WEC Energy Group accounts for about 2.1% of Crawford Investment Counsel Inc.’s portfolio, making the stock its 7th largest holding. Crawford Investment Counsel Inc.’s holdings in WEC Energy Group were worth $126,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. CoreFirst Bank & Trust acquired a new stake in shares of WEC Energy Group in the second quarter valued at approximately $26,000. Osterweis Capital Management Inc. purchased a new stake in WEC Energy Group in the 2nd quarter valued at $27,000. New England Capital Financial Advisors LLC grew its holdings in WEC Energy Group by 265.8% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group in the 3rd quarter worth $30,000. Finally, Capital A Wealth Management LLC raised its holdings in shares of 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 period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at WEC Energy Group
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 sale, the director directly owned 20,541 shares of the company’s stock, valued at approximately $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 this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the company’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 transaction, the vice president owned 4,707 shares in the company, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,354 shares of company stock valued at $4,855,505 in the last ninety days. Insiders own 0.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on WEC
WEC Energy Group Stock Performance
NYSE WEC opened at $117.48 on Friday. The stock has a fifty day simple moving average of $111.90 and a 200-day simple moving average of $110.81. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a market cap of $38.24 billion, a PE ratio of 24.32, a P/E/G ratio of 2.82 and a beta of 0.58. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.18.
WEC Energy Group (NYSE:WEC – Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $1.43 EPS. WEC Energy Group’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 analysts anticipate 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.
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