Neo Ivy Capital Management Takes Position in WEC Energy Group, Inc. $WEC

Neo Ivy Capital Management purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,306 shares of the utilities provider’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in WEC Energy Group by 2.1% in the second quarter. Vanguard Group Inc. now owns 39,945,761 shares of the utilities provider’s stock valued at $4,162,348,000 after acquiring an additional 816,243 shares during the period. Balyasny Asset Management L.P. raised its position in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares during the period. Marshall Wace LLP raised its position in shares of WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock worth $98,361,000 after purchasing an additional 581,748 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of WEC Energy Group in the 3rd quarter worth $57,028,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of WEC Energy Group in the 3rd quarter worth $40,362,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $115.91 on Friday. The business’s fifty day simple moving average is $110.97 and its 200 day simple moving average is $110.55. 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, Inc. has a 12 month low of $100.61 and a 12 month high of $118.18. The firm has a market capitalization of $37.73 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm 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 company earned $1.43 EPS. The business’s revenue for the quarter 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 anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WEC. Barclays lifted their price target on shares of WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. UBS Group dropped their price objective on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. Jefferies Financial Group decreased their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lowered their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction dated 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. The trade was a 37.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock valued at $4,855,505 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

WEC Energy Group Company 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.