Cbre Investment Management Listed Real Assets LLC Buys 180,772 Shares of WEC Energy Group, Inc. $WEC

Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239,002 shares of the utilities provider’s stock after buying an additional 180,772 shares during the period. WEC Energy Group comprises 2.0% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 13th largest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in WEC Energy Group were worth $141,977,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in shares of WEC Energy Group during the second quarter worth $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at approximately $27,000. New England Capital Financial Advisors LLC raised its holdings in WEC Energy Group by 265.8% in the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 202 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of WEC Energy Group during the third quarter worth about $30,000. Finally, Capital A Wealth Management LLC raised its holdings in WEC Energy Group by 5,116.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock worth $33,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WEC. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. BMO Capital Markets restated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. Mizuho upped their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Finally, Jefferies Financial Group decreased 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. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.44, for a total value of $2,886,000.00. Following the completion of the sale, the director owned 276,600 shares in the company, valued at approximately $31,930,704. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president owned 4,707 shares in the company, valued at $543,658.50. This represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock worth $4,855,505 in the last 90 days. 0.50% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

NYSE:WEC opened at $113.31 on Thursday. The business has a fifty day simple moving average of $111.49 and a two-hundred day simple moving average of $110.68. The company has a market capitalization of $36.89 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.75 and a beta of 0.58. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last announced 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. 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 for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’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, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current 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.