Massachusetts Financial Services Co. MA Increases Stake in WEC Energy Group, Inc. $WEC

Key Points

• Massachusetts Financial Services Co. increased its stake in WEC Energy by 10.5% to 389,066 shares (about $41.0M), representing roughly 0.12% of the company.
• WEC beat quarterly expectations with $1.42 EPS (vs. $1.39 est.) and $2.54B revenue (vs. $2.19B est.) despite an 8.8% YoY revenue decline, and set FY2026 guidance of 5.510–5.610 EPS vs. analyst expectations of ~5.23.
• Insiders have been net sellers (42,354 shares sold in the past 90 days), while Wall Street consensus is a Moderate Buy with an average price target of $120.73 amid mixed analyst ratings.

Massachusetts Financial Services Co. MA lifted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 389,066 shares of the utilities provider's stock after purchasing an additional 36,832 shares during the period. Massachusetts Financial Services Co. MA owned about 0.12% of WEC Energy Group worth $41,031,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the second quarter valued at about $27,000. Salomon & Ludwin LLC bought a new position in WEC Energy Group during the 3rd quarter worth approximately $30,000. Harbor Investment Advisory LLC increased its stake in WEC Energy Group by 256.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider's stock worth $29,000 after purchasing an additional 200 shares during the period. GoalVest Advisory LLC increased its stake in WEC Energy Group by 54.7% in the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider's stock worth $31,000 after purchasing an additional 104 shares during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in WEC Energy Group in the third quarter valued at approximately $36,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $116.53 on Wednesday. The firm has a market capitalization of $37.95 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.79 and a beta of 0.53. The stock has a fifty day moving average of $115.25 and a 200 day moving average of $111.88. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $119.62. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping 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 analyst estimates of $2.19 billion. During the same period in the prior year, the business earned $1.43 EPS. The company's revenue for the quarter 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, research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WEC. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, March 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $127.00 price target on shares of WEC Energy Group in a report on Friday, January 23rd. BMO Capital Markets reissued a "market perform" rating and issued a $121.00 price target on shares of WEC Energy Group in a report on Friday, February 6th. Jefferies Financial Group decreased their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a "hold" rating on the stock in a research report on Wednesday, January 28th. Finally, Mizuho upped their price objective on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.73.

Insider Activity at WEC Energy Group

In other news, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the transaction, the chief executive officer owned 66,801 shares of the company's stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.46% of the stock is currently owned by corporate insiders.

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.

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