Korea Investment CORP Reduces Stock Position in WEC Energy Group, Inc. $WEC

Korea Investment CORP decreased its position in WEC Energy Group, Inc. (NYSE:WEC) by 23.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,604 shares of the utilities provider’s stock after selling 67,513 shares during the quarter. Korea Investment CORP owned approximately 0.07% of WEC Energy Group worth $24,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WEC. CVA Family Office LLC boosted its holdings in shares of WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 89 shares during the period. Blossom Wealth Management increased its holdings in WEC Energy Group by 1.4% during the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after purchasing an additional 90 shares during the period. MTM Investment Management LLC raised its position in WEC Energy Group by 3.6% during the 2nd quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 95 shares during the last quarter. Ellenbecker Investment Group raised its position in WEC Energy Group by 0.5% during the 3rd quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock valued at $2,305,000 after purchasing an additional 95 shares during the last quarter. Finally, MBE Wealth Management LLC lifted its holdings in WEC Energy Group by 3.5% in the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock worth $320,000 after buying an additional 95 shares during the period. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Down 1.0%

Shares of NYSE:WEC opened at $114.41 on Wednesday. The firm has a market capitalization of $37.24 billion, a P/E ratio of 23.69, a P/E/G ratio of 2.78 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock has a 50 day moving average price of $111.34 and a 200-day moving average price of $110.66. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly 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. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Jefferies Financial Group dropped their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Bank of America set a $116.00 price objective on shares of WEC Energy Group in a research report on Wednesday, December 31st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.67.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of WEC Energy Group 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 directly owned 20,541 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Also, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. The trade was a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 42,354 shares of company stock worth $4,855,505. 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.