Dimensional Fund Advisors LP Grows Holdings in WEC Energy Group, Inc. $WEC

Dimensional Fund Advisors LP grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,217,003 shares of the utilities provider’s stock after buying an additional 30,280 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of WEC Energy Group worth $139,452,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in WEC Energy Group by 2.1% during the second quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock valued at $4,162,348,000 after purchasing an additional 816,243 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of WEC Energy Group by 324.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares in the last quarter. Marshall Wace LLP increased its position in shares of WEC Energy Group by 160.6% during the 2nd quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock valued at $98,361,000 after purchasing an additional 581,748 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of WEC Energy Group during the 3rd quarter valued at about $57,028,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of WEC Energy Group during the 3rd quarter valued at about $40,362,000. 77.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s 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 sale, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

WEC Energy Group Trading Down 1.0%

Shares of WEC opened at $114.41 on Wednesday. The stock has a market capitalization of $37.24 billion, a P/E ratio of 23.69, a PEG ratio of 2.78 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. The firm has a fifty day simple moving average of $111.34 and a two-hundred day simple moving average of $110.66. 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) last posted its earnings results 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 during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted $1.43 earnings per share. WEC Energy Group’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. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Barclays increased their target price on shares of WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Bank of America set a $116.00 target price on shares of WEC Energy Group in a research report on Wednesday, December 31st. Finally, KeyCorp upped their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

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.