WEC Energy Group, Inc. $WEC Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,570 shares of the utilities provider’s stock after selling 4,936 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in WEC Energy Group were worth $4,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WEC. Vanguard Group Inc. grew its holdings in WEC Energy Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock valued at $4,615,722,000 after buying an additional 334,563 shares during the last quarter. Envestnet Asset Management Inc. increased its position in WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after buying an additional 337,300 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of WEC Energy Group by 3.4% in the third quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after acquiring an additional 87,446 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after acquiring an additional 226,894 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of WEC Energy Group by 1.5% in the second quarter. Federated Hermes Inc. now owns 2,030,461 shares of the utilities provider’s stock valued at $211,574,000 after acquiring an additional 30,987 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were 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 approximately $2,353,998.60. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at $31,930,704. The trade was a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on WEC. Jefferies Financial Group dropped their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. UBS Group reduced their target price on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Wells Fargo & Company decreased their price target on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Mizuho lifted their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, KeyCorp boosted 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 report on Wednesday, March 4th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

WEC Energy Group Price Performance

WEC stock opened at $112.29 on Friday. The stock’s 50 day moving average is $112.96 and its two-hundred day moving average is $111.09. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.53. The company has a market capitalization of $36.56 billion, a PE ratio of 23.25, a P/E/G 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.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal 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.