Assetmark Inc. Acquires 21,525 Shares of WEC Energy Group, Inc. $WEC

Assetmark Inc. increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,870 shares of the utilities provider’s stock after acquiring an additional 21,525 shares during the quarter. Assetmark Inc. owned approximately 0.05% of WEC Energy Group worth $19,580,000 as of its most recent SEC filing.

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the transaction, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. The trade was a 10.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on WEC shares. Argus raised WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their price target on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Jefferies Financial Group lowered their price objective 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. Wells Fargo & Company cut 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 report on Tuesday, January 20th. Finally, Mizuho boosted their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $120.07.

WEC Energy Group Stock Up 1.4%

Shares of NYSE:WEC opened at $115.63 on Friday. The firm has a fifty day moving average price of $107.67 and a two-hundred day moving average price of $109.88. The company has a market cap of $37.61 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.78 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 one year low of $100.61 and a one year high of $118.18.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate 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 revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be paid a $0.9525 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th. WEC Energy Group’s payout ratio is 78.88%.

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.