WEC Energy Group, Inc. $WEC Shares Bought by South Street Advisors LLC

South Street Advisors LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 178,917 shares of the utilities provider’s stock after acquiring an additional 6,035 shares during the quarter. WEC Energy Group comprises about 2.7% of South Street Advisors LLC’s holdings, making the stock its 17th largest position. South Street Advisors LLC’s holdings in WEC Energy Group were worth $20,502,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of WEC Energy Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,280,324 shares of the utilities provider’s stock valued at $4,615,722,000 after acquiring an additional 334,563 shares during the period. Geode Capital Management LLC boosted its stake in WEC Energy Group by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,594,608 shares of the utilities provider’s stock worth $892,020,000 after purchasing an additional 235,653 shares during the period. Envestnet Asset Management Inc. boosted its stake in WEC Energy Group by 12.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock worth $349,109,000 after purchasing an additional 337,300 shares during the period. Legal & General Group Plc grew its position in WEC Energy Group by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock worth $309,078,000 after purchasing an additional 87,446 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in WEC Energy Group by 9.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock worth $296,780,000 after purchasing an additional 226,894 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Performance

Shares of WEC opened at $117.48 on Friday. The stock has a market capitalization of $38.24 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.76 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. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $118.18. The company’s fifty day moving average is $111.90 and its two-hundred day moving average is $110.78.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business’s 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 transaction, the director owned 276,600 shares in the company, valued at $31,930,704. The trade was a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WEC. Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. BMO Capital Markets restated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research report on Friday, February 6th. BTIG Research restated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

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.