Mairs & Power Inc. Raises Stake in WEC Energy Group, Inc. $WEC

Mairs & Power Inc. boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,793,851 shares of the utilities provider’s stock after purchasing an additional 301,323 shares during the quarter. WEC Energy Group comprises 1.9% of Mairs & Power Inc.’s portfolio, making the stock its 18th biggest holding. Mairs & Power Inc. owned 0.55% of WEC Energy Group worth $205,557,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WEC. Vanguard Group Inc. increased its holdings in shares of WEC Energy Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock worth $4,615,722,000 after buying an additional 334,563 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the last quarter. Legal & General Group Plc boosted its position in WEC Energy Group by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock valued at $309,078,000 after buying an additional 87,446 shares during the period. PNC Financial Services Group Inc. grew its stake in WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock worth $296,780,000 after purchasing an additional 226,894 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of WEC Energy Group by 1.5% during the 2nd quarter. Federated Hermes Inc. now owns 2,030,461 shares of the utilities provider’s stock worth $211,574,000 after buying an additional 30,987 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 276,600 shares in the company, valued at approximately $31,930,704. This represents a 8.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WEC. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Bank of America set a $116.00 target price on WEC Energy Group in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company dropped their target price on 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 given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $117.93 on Tuesday. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $118.19. The stock has a market cap of $38.39 billion, a P/E ratio of 24.42, a PEG ratio of 2.82 and a beta of 0.58. The company has a 50-day moving average price of $112.15 and a 200 day moving average price of $110.91. 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 announced its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. WEC Energy Group’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts anticipate 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.