Assenagon Asset Management S.A. Increases Stock Holdings in WEC Energy Group, Inc. $WEC

Assenagon Asset Management S.A. increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 78.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,684 shares of the utilities provider’s stock after buying an additional 86,249 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of WEC Energy Group worth $20,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CoreFirst Bank & Trust bought a new stake in shares of WEC Energy Group in the 2nd quarter worth $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the second quarter valued at about $27,000. Harbor Investment Advisory LLC lifted its position in shares of WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in WEC Energy Group during the third quarter worth about $30,000. Finally, GoalVest Advisory LLC boosted its holdings in WEC Energy Group by 54.7% during the fourth quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WEC. KeyCorp increased their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Barclays boosted their target price on WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group decreased their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price target on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, BTIG Research reissued a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.73.

WEC Energy Group Stock Up 1.2%

WEC opened at $114.08 on Friday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.53. The company’s 50-day moving average price is $113.47 and its two-hundred day moving average price is $111.26. The stock has a market cap of $37.13 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.71 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.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $1.43 EPS. WEC Energy Group’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gale E. Klappa sold 5,000 shares of the 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 transaction, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. The trade was a 1.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,354 shares of company stock valued at $4,855,505. Corporate insiders own 0.50% of the company’s stock.

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.