WEC Energy Group, Inc. (NYSE:WEC) Stock Holdings Increased by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,565 shares of the utilities provider's stock after purchasing an additional 4,105 shares during the quarter. MGO One Seven LLC's holdings in WEC Energy Group were worth $1,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WEC. Wellington Management Group LLP grew its position in shares of WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider's stock valued at $1,038,931,000 after buying an additional 6,329,574 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of WEC Energy Group during the fourth quarter valued at approximately $188,879,000. JPMorgan Chase & Co. grew its holdings in shares of WEC Energy Group by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 4,806,360 shares of the utilities provider's stock valued at $462,276,000 after purchasing an additional 699,177 shares during the last quarter. Donaldson Capital Management LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $36,421,000. Finally, Federated Hermes Inc. lifted its holdings in shares of WEC Energy Group by 24.4% in the 4th quarter. Federated Hermes Inc. now owns 1,972,553 shares of the utilities provider's stock worth $185,499,000 after purchasing an additional 387,178 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WEC shares. BMO Capital Markets increased their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. StockNews.com raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Barclays raised their price target on shares of WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price objective on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $105.38.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares in the company, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gale E. Klappa sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares of the company's stock, valued at approximately $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

WEC Energy Group Price Performance

NYSE:WEC traded down $0.56 during midday trading on Wednesday, hitting $108.59. 262,206 shares of the stock were exchanged, compared to its average volume of 2,135,501. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $106.60 and a two-hundred day moving average price of $100.87. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.60 and a beta of 0.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. WEC Energy Group's revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $0.8975 dividend. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. WEC Energy Group's payout ratio is presently 73.91%.

About WEC Energy Group

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.