Tyche Wealth Partners LLC Purchases 4,872 Shares of WEC Energy Group, Inc. $WEC

Tyche Wealth Partners LLC grew its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 273.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,654 shares of the utilities provider’s stock after buying an additional 4,872 shares during the quarter. Tyche Wealth Partners LLC’s holdings in WEC Energy Group were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WEC. Freestone Grove Partners LP lifted its position in shares of WEC Energy Group by 30,697.3% during the 3rd quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after buying an additional 618,550 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of WEC Energy Group by 324.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after buying an additional 592,028 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of WEC Energy Group during the 3rd quarter worth approximately $57,028,000. Massachusetts Financial Services Co. MA bought a new position in shares of WEC Energy Group during the 3rd quarter worth approximately $40,362,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of 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 buying an additional 337,300 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, VP Mary Beth Straka sold 2,815 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the transaction, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. The trade was a 37.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’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 transaction, the director owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,354 shares of company stock valued at $4,855,505 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WEC. Wells Fargo & Company dropped their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. BTIG Research reaffirmed a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a report on Friday, January 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Friday, January 23rd. Barclays lifted their price target on shares of WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Monday, December 29th. One 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Stock Performance

Shares of NYSE:WEC traded down $0.02 during mid-day trading on Tuesday, reaching $116.30. The company had a trading volume of 63,101 shares, compared to its average volume of 2,179,708. 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 firm has a market cap of $37.88 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.82 and a beta of 0.53. The company’s 50-day moving average price is $115.17 and its 200-day moving average price is $111.86. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. WEC Energy Group’s revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts anticipate 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.