Assenagon Asset Management S.A. Acquires 86,249 Shares of WEC Energy Group, Inc. $WEC

Assenagon Asset Management S.A. grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 78.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,684 shares of the utilities provider’s stock after acquiring an additional 86,249 shares during the period. Assenagon Asset Management S.A.’s holdings in WEC Energy Group were worth $20,637,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at $26,000. Osterweis Capital Management Inc. bought a new position in WEC Energy Group in the 2nd quarter worth about $27,000. Harbor Investment Advisory LLC boosted its stake in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Salomon & Ludwin LLC purchased a new position in WEC Energy Group during the 3rd quarter valued at about $30,000. Finally, GoalVest Advisory LLC grew its holdings in WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. 77.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WEC shares. Jefferies Financial Group lowered their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Bank of America set a $116.00 price target on shares of WEC Energy Group in a report on Wednesday, December 31st. Finally, Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.73.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated 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 directly owned 20,541 shares in the company, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president directly owned 4,707 shares in the company, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 over the last quarter. 0.50% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $114.08 on Friday. The firm’s fifty day moving average price is $113.47 and its 200-day moving average price is $111.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock has a market cap of $37.13 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 2.71 and a beta of 0.58. WEC Energy Group, Inc. has a fifty-two week low of $100.61 and a fifty-two week high of $118.53.

WEC Energy Group (NYSE:WEC) last announced its earnings results 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 company had revenue of $2.54 billion during 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 quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

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.