Trilogy Capital Inc. Buys New Stake in WEC Energy Group, Inc. $WEC

Key Points

• Trilogy Capital Inc. has acquired a new stake in WEC Energy Group, purchasing 24,971 shares valued at approximately $2.6 million in the second quarter.
• WEC Energy Group's stock has received mixed reviews from analysts, with a consensus rating of "Hold" and price targets ranging from $100.00 to $107.00.
• The company recently declared a quarterly dividend of $0.8925 per share, resulting in an annualized dividend yield of 3.1%.

Trilogy Capital Inc. acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 24,971 shares of the utilities provider's stock, valued at approximately $2,602,000.

A number of other institutional investors also recently bought and sold shares of WEC. Horizon Investment Services LLC purchased a new stake in shares of WEC Energy Group in the first quarter valued at about $379,000. Los Angeles Capital Management LLC boosted its stake in WEC Energy Group by 2,964.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 108,651 shares of the utilities provider's stock valued at $11,841,000 after acquiring an additional 105,106 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in WEC Energy Group during the 1st quarter valued at $10,333,000. Sowell Financial Services LLC bought a new position in shares of WEC Energy Group in the 1st quarter worth about $325,000. Finally, CWA Asset Management Group LLC lifted its position in WEC Energy Group by 5.6% in the 1st quarter. CWA Asset Management Group LLC now owns 2,947 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 157 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WEC. UBS Group set a $107.00 price target on shares of WEC Energy Group and gave the stock a "neutral" rating in a report on Friday, July 11th. The Goldman Sachs Group lowered shares of WEC Energy Group from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $106.00 to $100.00 in a research report on Wednesday, June 25th. Finally, Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.89.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $114.56 on Wednesday. The stock has a market cap of $36.87 billion, a PE ratio of 21.95, a P/E/G ratio of 3.14 and a beta of 0.44. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The business's 50-day moving average price is $109.16 and its two-hundred day moving average price is $107.27. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $114.97.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm's quarterly revenue was up 13.4% on a year-over-year basis. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were given a dividend of $0.8925 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. WEC Energy Group's dividend payout ratio is currently 68.39%.

Insider Buying and Selling at WEC Energy Group

In related news, EVP Molly A. Mulroy sold 4,030 shares of WEC Energy Group stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.33, for a total value of $444,629.90. Following the transaction, the executive vice president directly owned 5,829 shares of the company's stock, valued at $643,113.57. The trade was a 40.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gale E. Klappa sold 5,960 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $110.98, for a total value of $661,440.80. Following the sale, the director owned 274,969 shares in the company, valued at $30,516,059.62. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,448 shares of company stock worth $7,581,132 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

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