MSH Capital Advisors LLC Takes $1.55 Million Position in WEC Energy Group, Inc. $WEC

MSH Capital Advisors LLC purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 13,292 shares of the utilities provider’s stock, valued at approximately $1,552,000.

Other hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group in the 4th quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter worth $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group in the 2nd quarter worth $27,000. Physician Wealth Advisors Inc. boosted its holdings in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 214 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of WEC opened at $109.38 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 52-week low of $102.95 and a 52-week high of $119.91. The company has a 50-day simple moving average of $113.09 and a 200-day simple moving average of $113.78. The company has a market capitalization of $35.64 billion, a PE ratio of 21.20, a P/E/G ratio of 1.92 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts predict 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 Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is 73.84%.

Analysts Set New Price Targets

Several research firms recently issued reports on WEC. Truist Financial cut their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a report on Thursday, August 13th. BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. KeyCorp dropped their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the sale, the director owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is 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.