SG Americas Securities LLC Purchases 247,321 Shares of WEC Energy Group, Inc. $WEC

SG Americas Securities LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 687.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 283,291 shares of the utilities provider’s stock after purchasing an additional 247,321 shares during the period. SG Americas Securities LLC’s holdings in WEC Energy Group were worth $29,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WEC. AE Wealth Management LLC boosted its position in shares of WEC Energy Group by 4.9% in the third quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock valued at $19,683,000 after acquiring an additional 7,970 shares during the period. Baillie Gifford & Co. increased its position in WEC Energy Group by 53.0% during the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after acquiring an additional 45,477 shares during the period. Alley Investment Management Company LLC raised its stake in WEC Energy Group by 36.5% in the 3rd quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock worth $6,820,000 after purchasing an additional 15,926 shares in the last quarter. London & Capital Asset Management Ltd boosted its holdings in WEC Energy Group by 48.1% in the 3rd quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after purchasing an additional 10,231 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in WEC Energy Group by 13.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock valued at $48,079,000 after purchasing an additional 49,905 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WEC shares. Barclays raised their target price on shares of WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a report on Tuesday. KeyCorp boosted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Friday, January 23rd. Wells Fargo & Company dropped their price objective on 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, Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $114.08 on Friday. The firm has a 50 day moving average of $113.47 and a 200-day moving average of $111.26. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $118.53. 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 market capitalization of $37.13 billion, a PE ratio of 23.62, a PEG ratio of 2.71 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion for 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%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gale E. Klappa sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the completion of the transaction, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. The trade was a 1.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the company’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 sale, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock valued at $4,855,505 over the last ninety days. Company insiders own 0.50% of the company’s stock.

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.