Donaldson Capital Management LLC Sells 10,070 Shares of WEC Energy Group, Inc. $WEC

Donaldson Capital Management LLC decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 437,434 shares of the utilities provider’s stock after selling 10,070 shares during the period. WEC Energy Group accounts for 1.5% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Donaldson Capital Management LLC owned 0.13% of WEC Energy Group worth $46,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Freestone Grove Partners LP grew its holdings in shares of WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after acquiring an additional 618,550 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after acquiring an additional 592,028 shares during the last quarter. Marshall Wace LLP lifted its holdings in WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after acquiring an additional 581,748 shares during the period. Rakuten Investment Management Inc. bought a new stake in WEC Energy Group during the third quarter worth $57,028,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in WEC Energy Group in the third quarter worth $40,362,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total value of $2,886,000.00. Following the completion of the transaction, the director directly owned 276,600 shares in the company, valued at approximately $31,930,704. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 in the last ninety days. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

WEC has been the subject of several research analyst reports. Barclays raised their target price on WEC Energy Group from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. KeyCorp boosted their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, BTIG Research reaffirmed a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. 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 issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Stock Down 0.1%

WEC opened at $114.25 on Monday. The company has a 50 day moving average of $113.59 and a 200 day moving average of $111.35. The company has a market cap of $37.19 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.53. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts expect that WEC Energy Group, Inc. will post 5.23 EPS 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.