Diversified Management Inc. Invests $2.69 Million in WEC Energy Group, Inc. $WEC

Diversified Management Inc. purchased a new position in WEC Energy Group, Inc. (NYSE:WEC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,492 shares of the utilities provider’s stock, valued at approximately $2,688,000.

Several other large investors also recently modified their holdings of WEC. Freestone Grove Partners LP grew its holdings in shares of WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after acquiring an additional 618,550 shares during the period. Balyasny Asset Management L.P. raised its holdings in WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after acquiring an additional 592,028 shares during the period. Rakuten Investment Management Inc. bought a new stake in WEC Energy Group during the third quarter valued at about $57,028,000. Massachusetts Financial Services Co. MA purchased a new position in shares of WEC Energy Group during the third quarter valued at about $40,362,000. Finally, Envestnet Asset Management Inc. grew its position in shares of WEC Energy Group by 12.4% during the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock valued at $349,109,000 after purchasing an additional 337,300 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, 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 WEC Energy Group stock in a transaction that occurred 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 transaction, the director directly owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,354 shares of company stock valued at $4,855,505 in the last quarter. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 1.4%

NYSE:WEC opened at $114.87 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a twelve month low of $100.61 and a twelve month high of $119.62. The company’s 50 day moving average is $115.28 and its two-hundred day moving average is $111.90. The company has a market cap of $37.41 billion, a PE ratio of 23.78, a P/E/G ratio of 2.80 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WEC shares. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. BTIG Research reissued a “buy” rating and set a $135.00 price target on shares of WEC Energy Group in a research note on Friday, January 30th. UBS Group dropped their target price on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Friday, January 23rd. Finally, Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.73.

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.