Country Trust Bank Boosts Stock Position in WEC Energy Group, Inc. $WEC

Country Trust Bank boosted its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,685 shares of the utilities provider’s stock after acquiring an additional 15,182 shares during the quarter. Country Trust Bank owned 0.08% of WEC Energy Group worth $26,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of WEC. CoreFirst Bank & Trust purchased a new stake in WEC Energy Group during the 2nd quarter valued at about $26,000. Osterweis Capital Management Inc. purchased a new stake in WEC Energy Group during the 2nd quarter valued at about $27,000. Harbor Investment Advisory LLC boosted its holdings in WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Salomon & Ludwin LLC purchased a new stake in WEC Energy Group during the 3rd quarter valued at about $30,000. Finally, GoalVest Advisory LLC boosted its holdings in WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 104 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,354 shares of company stock worth $4,855,505. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the subject of several analyst reports. KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. BMO Capital Markets restated a “market perform” rating and set a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. UBS Group dropped 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. Wells Fargo & Company dropped their target price on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, Bank of America set a $116.00 target price on WEC Energy Group in a report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.73.

WEC Energy Group Trading Down 0.7%

NYSE WEC opened at $116.75 on Tuesday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.53. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock has a 50 day simple moving average of $114.46 and a two-hundred day simple moving average of $111.63. The stock has a market cap of $38.02 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business 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. On average, analysts forecast 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.