Bessemer Group Inc. Grows Stock Position in WEC Energy Group, Inc. $WEC

Bessemer Group Inc. increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,130,011 shares of the utilities provider’s stock after buying an additional 209,069 shares during the period. Bessemer Group Inc.’s holdings in WEC Energy Group were worth $119,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC lifted its holdings in WEC Energy Group by 25.4% in the 3rd 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 in the last quarter. Inscription Capital LLC lifted its holdings in WEC Energy Group by 4.7% in the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after purchasing an additional 93 shares in the last quarter. Matrix Trust Co lifted its holdings in WEC Energy Group by 0.7% in the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock valued at $1,508,000 after purchasing an additional 95 shares in the last quarter. Finally, State of Wyoming lifted its holdings in WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after purchasing an additional 95 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Stock Down 2.3%

WEC opened at $109.07 on Friday. The firm has a 50 day moving average price of $115.01 and a 200 day moving average price of $111.73. The company has a market cap of $35.53 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

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 analysts’ consensus estimates of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is 76.05%.

Insider Buying and Selling

In related news, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction 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. This represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WEC. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada restated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average target price of $122.44.

WEC Energy Group 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.