WEC Energy Group, Inc. $WEC Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 529,319 shares of the utilities provider’s stock after buying an additional 109,745 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in WEC Energy Group were worth $55,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its stake in WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 2,417 shares during the period. Woodline Partners LP increased its stake in WEC Energy Group by 41.3% in the first 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 during the period. Choreo LLC raised its holdings in shares of WEC Energy Group by 18.7% in the second quarter. Choreo LLC now owns 9,915 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 1,561 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of WEC Energy Group in the second quarter valued at about $127,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of WEC Energy Group by 11.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 43,013 shares of the utilities provider’s stock worth $4,482,000 after buying an additional 4,362 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America set a $116.00 price target on WEC Energy Group in a research report on Wednesday, December 31st. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group dropped their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. UBS Group decreased their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Wells Fargo & Company lowered their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.73.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $115.29 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $113.72 and a 200-day simple moving average of $111.39. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 23.87, 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.

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

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the 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 transaction, the director owned 20,541 shares in the company, valued at $2,353,998.60. This trade represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

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.