Thurston Springer Miller Herd & Titak Inc. Grows Stock Holdings in WEC Energy Group, Inc. $WEC

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 284.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,143 shares of the utilities provider’s stock after purchasing an additional 9,724 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in WEC Energy Group were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CoreFirst Bank & Trust acquired a new position in WEC Energy Group in the second quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new stake in WEC Energy Group in the 2nd quarter valued at about $27,000. Harbor Investment Advisory LLC grew its holdings in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of WEC Energy Group during the 3rd quarter valued at about $30,000. Finally, GoalVest Advisory LLC increased its stake in shares of WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WEC. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Jefferies Financial Group dropped 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. Finally, Barclays increased their target price on WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 24th. 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 stock. Based on data from MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and an average target price of $120.73.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $117.67 on Friday. The firm has a fifty day moving average of $114.32 and a 200-day moving average of $111.55. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $38.33 billion, a P/E ratio of 24.36, a PEG ratio of 2.82 and a beta of 0.53.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share 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 for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business’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, analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value 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 trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,354 shares of company stock worth $4,855,505 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

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.