Legal & General Group Plc Boosts Stock Position in WEC Energy Group, Inc. $WEC

Legal & General Group Plc increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,697,248 shares of the utilities provider’s stock after buying an additional 87,446 shares during the period. Legal & General Group Plc owned 0.83% of WEC Energy Group worth $309,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WEC. Vanguard Group Inc. increased its holdings in WEC Energy Group by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock worth $4,162,348,000 after purchasing an additional 816,243 shares during the period. Balyasny Asset Management L.P. grew its position in shares of WEC Energy Group by 324.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after buying an additional 592,028 shares in the last quarter. Marshall Wace LLP increased its stake in shares of WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock valued at $98,361,000 after buying an additional 581,748 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of WEC Energy Group in the third quarter valued at about $57,028,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in WEC Energy Group in the third quarter worth about $40,362,000. Institutional investors own 77.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 20,541 shares of the company’s stock, valued at $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 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 insiders.

Analyst Ratings Changes

WEC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. Argus raised WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. Finally, Jefferies Financial Group reduced their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group has an average rating of “Moderate Buy” and an average price target of $120.67.

WEC Energy Group Stock Down 1.0%

WEC stock opened at $113.31 on Thursday. The company has a market capitalization of $36.89 billion, a P/E ratio of 23.46, 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 $118.18. The firm’s fifty day simple moving average is $111.49 and its 200-day simple moving average is $110.68. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last posted 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group 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.