WEC Energy Group, Inc. $WEC Shares Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 29.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,948 shares of the utilities provider’s stock after acquiring an additional 24,812 shares during the period. WEC Energy Group accounts for about 1.5% of Mattern Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Mattern Capital Management LLC’s holdings in WEC Energy Group were worth $12,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WEC. Vanguard Group Inc. increased its holdings in shares of WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares in the last quarter. Geode Capital Management LLC raised its position in WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after purchasing an additional 88,557 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after buying an additional 52,467 shares in the last quarter. Northern Trust Corp boosted its position in WEC Energy Group by 1.4% in the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after buying an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after buying an additional 2,136,542 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WEC. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. Mizuho set a $124.00 price target on WEC Energy Group in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Barclays lifted their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Wall Street Zen cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and an average target price of $123.60.

WEC Energy Group Trading Up 0.7%

NYSE:WEC opened at $115.73 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.76 and a beta of 0.47. The business’s 50-day moving average price is $113.59 and its two-hundred day moving average price is $113.04.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a dividend of $0.9525 per share. The ex-dividend date was Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. WEC Energy Group’s payout ratio is currently 76.05%.

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.