Hudson Bay Capital Management LP Buys 234,203 Shares of WEC Energy Group, Inc. $WEC

Hudson Bay Capital Management LP increased its position in WEC Energy Group, Inc. (NYSE:WEC) by 192.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,711 shares of the utilities provider’s stock after purchasing an additional 234,203 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.11% of WEC Energy Group worth $40,761,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WEC. CVA Family Office LLC lifted its holdings in shares of WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares during the period. Blossom Wealth Management increased its stake in shares of WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after buying an additional 90 shares during the period. Moors & Cabot Inc. raised its holdings in shares of WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares in the last quarter. Ellenbecker Investment Group raised its holdings in shares of WEC Energy Group by 0.5% in the third quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock valued at $2,305,000 after acquiring an additional 95 shares in the last quarter. Finally, MBE Wealth Management LLC lifted its stake in WEC Energy Group by 3.5% in the third quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 95 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the sale, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The shares were 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp boosted their price target on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. BTIG Research reissued a “buy” rating and set a $135.00 price objective on shares of WEC Energy Group in a report on Friday, January 30th. UBS Group reduced their price objective on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

WEC Energy Group Stock Down 1.1%

Shares of WEC Energy Group stock opened at $115.98 on Thursday. The firm’s 50 day moving average price is $112.60 and its 200-day moving average price is $111.02. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.53. The company has a market cap of $37.76 billion, a P/E ratio of 24.01, a PEG ratio of 2.82 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping 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 firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business posted $1.43 EPS. WEC Energy Group’s 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. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal 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.