Swiss National Bank Trims Stock Holdings in WEC Energy Group, Inc. $WEC

Swiss National Bank cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,887 shares of the utilities provider’s stock after selling 46,000 shares during the quarter. Swiss National Bank’s holdings in WEC Energy Group were worth $105,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC grew its position in 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 buying an additional 89 shares during the period. Blossom Wealth Management boosted its position in WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 90 shares in the last quarter. MTM Investment Management LLC grew its holdings in WEC Energy Group by 3.6% in the second 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 lifted its stake in WEC Energy Group by 0.5% in the 3rd quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock valued at $2,305,000 after buying an additional 95 shares in the last quarter. Finally, MBE Wealth Management LLC grew its holdings in WEC Energy Group by 3.5% during the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock valued at $320,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Down 1.0%

Shares of NYSE:WEC opened at $114.41 on Wednesday. The company has a market capitalization of $37.24 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. The company has a fifty day moving average of $111.34 and a 200-day moving average of $110.66. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. 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 announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $1.43 EPS. The firm’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. On average, equities analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Transactions at WEC Energy Group

In related news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the transaction, the chief executive officer owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. This trade represents a 10.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the company’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 sale, the director owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 42,354 shares of company stock valued at $4,855,505. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $135.00 price objective on shares of WEC Energy Group in a research report on Friday, January 30th. KeyCorp increased their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Wells Fargo & Company lowered their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Mizuho increased their price target on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

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.