13,690 Shares in WEC Energy Group, Inc. $WEC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,690 shares of the utilities provider’s stock, valued at approximately $1,569,000.

Other hedge funds also recently made changes to their positions in the company. CoreFirst Bank & Trust acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter valued at $27,000. New England Capital Financial Advisors LLC boosted 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 valued at $29,000 after acquiring an additional 202 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in WEC Energy Group during the third quarter valued at about $30,000. Finally, Capital A Wealth Management LLC grew its position in WEC Energy Group by 5,116.7% during the second quarter. Capital A Wealth Management LLC now owns 313 shares of the utilities provider’s stock valued at $33,000 after acquiring 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

A number of research firms have recently commented on WEC. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. UBS Group decreased their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Mizuho increased their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Barclays raised 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 report on Thursday, January 22nd. Finally, Bank of America set a $116.00 price target on shares of WEC Energy Group in a research report on Wednesday, December 31st. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction on 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 sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is owned by insiders.

WEC Energy Group Price Performance

WEC opened at $113.31 on Thursday. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $118.18. The firm has a market cap of $36.89 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.75 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a fifty day simple moving average of $111.49 and a 200 day simple moving average of $110.68.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

About WEC Energy Group

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.