MGO One Seven LLC Boosts Stock Position in WEC Energy Group, Inc. $WEC

MGO One Seven LLC increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 46.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,765 shares of the utilities provider’s stock after buying an additional 6,952 shares during the quarter. MGO One Seven LLC’s holdings in WEC Energy Group were worth $2,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC grew its stake in shares of WEC Energy Group by 25.4% in the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares during the last quarter. Inscription Capital LLC grew its stake in shares of WEC Energy Group by 4.7% in the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after buying an additional 91 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares during the last quarter. MBE Wealth Management LLC grew its stake in shares of WEC Energy Group by 3.5% in the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock worth $320,000 after buying an additional 95 shares during the last quarter. Finally, Matrix Trust Co grew its stake in shares of WEC Energy Group by 0.7% in the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

WEC has been the topic of several recent research reports. Barclays upped their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Jefferies Financial Group cut their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Truist Financial began coverage on WEC Energy Group in a research note on Monday, April 20th. They issued a “hold” rating and a $124.00 price target on the stock. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average target price of $122.13.

WEC Energy Group Stock Performance

Shares of WEC opened at $111.70 on Monday. The business’s fifty day simple moving average is $115.58 and its two-hundred day simple moving average is $111.90. 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 12 month low of $100.61 and a 12 month high of $119.62. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.68 and a beta of 0.50.

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

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Activity

In other news, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president directly owned 4,707 shares of the company’s stock, valued at $543,658.50. This represents a 37.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the transaction, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,265 shares of company stock valued at $3,960,053 in the last ninety days. 0.46% of the stock is currently owned by company insiders.

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.