WEC Energy Group, Inc. $WEC Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 69.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,595 shares of the utilities provider’s stock after selling 5,978 shares during the quarter. Mcdonald Partners LLC’s holdings in WEC Energy Group were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WEC. Empowered Funds LLC raised its position in shares of WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 2,417 shares during the last quarter. Woodline Partners LP increased its stake in WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in WEC Energy Group during the 2nd quarter valued at approximately $223,000. GHP Investment Advisors Inc. raised its holdings in shares of WEC Energy Group by 925.5% in the second quarter. GHP Investment Advisors Inc. now owns 564 shares of the utilities provider’s stock worth $59,000 after buying an additional 509 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of WEC Energy Group by 60.5% during the second quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock worth $32,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $117.57 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.79 and a beta of 0.58. The firm’s 50 day simple moving average is $110.55 and its 200-day simple moving average is $110.43. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned $1.43 earnings per share. The firm’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. Analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director owned 20,541 shares in the company, valued at $2,353,998.60. This represents 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 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction of $582,750.00. Following the completion of the transaction, the director directly owned 276,600 shares in the company, valued at $32,237,730. This represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock valued at $4,855,505 in the last three months. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WEC shares. JPMorgan Chase & Co. upped their target price on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Mizuho boosted their price target on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. KeyCorp increased their price objective on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America set a $116.00 target price on WEC Energy Group in a report on Wednesday, December 31st. Finally, UBS Group reduced their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

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.