WEC Energy Group, Inc. $WEC Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,327,420 shares of the utilities provider’s stock after selling 63,236 shares during the quarter. WEC Energy Group comprises approximately 2.1% of Confluence Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Confluence Investment Management LLC owned 0.41% of WEC Energy Group worth $139,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CoreFirst Bank & Trust bought a new stake in WEC Energy Group during the second quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group during the third quarter worth $30,000. GoalVest Advisory LLC boosted its position in shares of WEC Energy Group by 54.7% in the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in WEC Energy Group in the 3rd quarter worth about $36,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Price Performance

Shares of WEC opened at $115.65 on Friday. 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 firm has a market cap of $37.65 billion, a PE ratio of 23.94, a PEG ratio of 2.78 and a beta of 0.58. The firm’s 50 day moving average price is $112.80 and its 200 day moving average price is $111.05. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.53.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’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. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Activity at WEC Energy Group

In related news, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. The trade was a 37.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gale E. Klappa sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction of $582,750.00. Following the transaction, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,354 shares of company stock worth $4,855,505. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

WEC has been the topic of several analyst reports. Mizuho lifted their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Barclays raised their price objective on shares of WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. KeyCorp lifted their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. BMO Capital Markets restated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. Finally, Bank of America set a $116.00 target price on WEC Energy Group in a research report on Wednesday, December 31st. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.67.

WEC Energy Group Company 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.