Assetmark Inc. Buys 9,198 Shares of WEC Energy Group, Inc. $WEC

Key Points

• Assetmark Inc. boosted its WEC stake by 5.4%, buying 9,198 shares to hold 180,068 shares worth about $18.99 million (≈0.06% of the company).
• Other institutions also increased positions—most notably Qube Research & Technologies, which added 275,786 shares (a 477.4% rise) to hold 333,552 shares—leaving institutional ownership at 77.20%.
• WEC beat quarterly estimates (EPS $1.42 vs. $1.39; revenue $2.54B vs. $2.19B), issued FY2026 EPS guidance of 5.510–5.610, and trades with a $37.41B market cap and a consensus analyst target of $120.73 ("Moderate Buy").

Assetmark Inc. increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,068 shares of the utilities provider's stock after acquiring an additional 9,198 shares during the period. Assetmark Inc. owned about 0.06% of WEC Energy Group worth $18,990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WEC. Empowered Funds LLC raised its stake in WEC Energy Group by 16.9% in the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider's stock valued at $1,820,000 after buying an additional 2,417 shares during the period. Woodline Partners LP raised its stake in WEC Energy Group by 41.3% in the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider's stock valued at $2,925,000 after buying an additional 7,841 shares during the period. Cerity Partners LLC raised its stake in WEC Energy Group by 7.3% in the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider's stock valued at $4,616,000 after buying an additional 3,006 shares during the period. Qube Research & Technologies Ltd raised its stake in WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider's stock valued at $34,756,000 after buying an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC raised its stake in WEC Energy Group by 8.8% in the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider's stock valued at $6,082,000 after buying an additional 4,730 shares during the period. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Trading Down 1.4%

Shares of NYSE:WEC opened at $114.87 on Thursday. The company has a market capitalization of $37.41 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.80 and a beta of 0.53. WEC Energy Group, Inc. has a 1 year low of $100.61 and a 1 year high of $119.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The business's 50 day simple moving average is $115.28 and its 200 day simple moving average is $111.90.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The firm's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 5,000 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the sale, the director owned 276,600 shares of the company's stock, valued at $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 42,354 shares of company stock worth $4,855,505. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Mizuho upped their price objective on WEC Energy Group from $117.00 to $121.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Bank of America set a $116.00 price objective on WEC Energy Group in a research note on Wednesday, December 31st. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $113.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, January 15th. Barclays upped their target price on WEC Energy Group from $110.00 to $111.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 24th. Finally, UBS Group decreased their target price on WEC Energy Group from $119.00 to $115.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 17th. 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. According to MarketBeat.com, 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.

Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.