Confluence Investment Management LLC Lowers Holdings in WEC Energy Group, Inc. $WEC

Confluence Investment Management LLC lowered its position in WEC Energy Group, Inc. (NYSE:WEC) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,327,420 shares of the utilities provider’s stock after selling 63,236 shares during the quarter. WEC Energy Group accounts for about 2.1% of Confluence Investment Management LLC’s holdings, making the stock its 6th largest position. Confluence Investment Management LLC’s holdings in WEC Energy Group were worth $139,990,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC increased its position 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 valued at $50,000 after purchasing an additional 89 shares during the period. Blossom Wealth Management lifted its position in WEC Energy Group by 1.4% in 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 during the period. Moors & Cabot Inc. lifted its position in WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the period. Ellenbecker Investment Group boosted its stake in WEC Energy Group by 0.5% during the third quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock worth $2,305,000 after buying an additional 95 shares in the last quarter. Finally, MBE Wealth Management LLC increased 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 valued at $320,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the completion of the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 42,354 shares of company stock worth $4,855,505. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Friday, January 23rd. Jefferies Financial Group decreased their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a research note on Wednesday, December 31st. UBS Group cut their price target on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Barclays lifted their price objective on WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $120.67.

WEC Energy Group Stock Down 0.2%

Shares of NYSE WEC opened at $115.65 on Friday. WEC Energy Group, Inc. has a 12-month low of $100.61 and a 12-month high of $118.53. The firm’s 50-day simple moving average is $112.80 and its 200 day simple moving average is $111.05. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The company has a market cap of $37.65 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58.

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