13,690 Shares in WEC Energy Group, Inc. $WEC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in WEC Energy Group, Inc. (NYSE:WEC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,690 shares of the utilities provider’s stock, valued at approximately $1,569,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in WEC Energy Group by 16.9% during the first 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 in the last quarter. Woodline Partners LP boosted 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. Prospera Financial Services Inc increased its position in shares of WEC Energy Group by 30.5% during the 2nd quarter. Prospera Financial Services Inc now owns 6,267 shares of the utilities provider’s stock valued at $654,000 after purchasing an additional 1,463 shares during the period. Aviva PLC increased its position in shares of WEC Energy Group by 6.2% during the 2nd quarter. Aviva PLC now owns 5,538 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 325 shares during the period. Finally, Midwest Trust Co bought a new stake in shares of WEC Energy Group in the 2nd quarter worth $249,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the completion of the sale, the vice president directly owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This trade represents a 37.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,354 shares of company stock worth $4,855,505 over the last three months. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Bank of America set a $116.00 target price on WEC Energy Group in a report on Wednesday, December 31st. UBS Group dropped their price target on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company cut their price target on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, BMO Capital Markets restated a “market perform” rating and set a $121.00 price objective on shares of WEC Energy Group in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.67.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $113.31 on Thursday. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.18. The firm’s 50 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. The company has a market cap 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 (NYSE:WEC) last issued 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 business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly 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. As a group, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS 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.