Van ECK Associates Corp Purchases 5,648 Shares of WEC Energy Group, Inc. $WEC

Van ECK Associates Corp increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 148,581 shares of the utilities provider’s stock after purchasing an additional 5,648 shares during the period. Van ECK Associates Corp’s holdings in WEC Energy Group were worth $17,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WEC. CoreFirst Bank & Trust purchased a new stake in WEC Energy Group during the 2nd quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group in the second quarter valued at about $27,000. Salomon & Ludwin LLC bought a new position in shares of WEC Energy Group during the third quarter valued at about $30,000. New England Capital Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 202 shares during the last quarter. Finally, Capital A Wealth Management LLC boosted its holdings in shares of WEC Energy Group by 5,116.7% during the second quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 307 shares during the period. 77.20% of the stock is currently owned by institutional investors.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 5,000 shares of the company’s 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 sale, the director directly owned 276,600 shares of the company’s stock, valued at $32,237,730. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the 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 completion of the transaction, the director owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WEC. Jefferies Financial Group cut their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Mizuho increased their price objective on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research report on Friday, February 6th. KeyCorp boosted their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, UBS Group decreased their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

WEC Energy Group Trading Up 1.7%

WEC stock traded up $2.00 during trading on Friday, reaching $117.05. The company had a trading volume of 264,691 shares, compared to its average volume of 2,316,700. 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 52 week low of $100.61 and a 52 week high of $118.18. The business has a 50 day moving average of $111.68 and a 200 day moving average of $110.71. The company has a market cap of $38.10 billion, a P/E ratio of 24.23, a PEG ratio of 2.72 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $1.43 EPS. The business’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. As a group, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group 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.