Mill Capital Management LLC Acquires Shares of 4,824 WEC Energy Group, Inc. $WEC

Mill Capital Management LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,824 shares of the utilities provider’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in WEC Energy Group by 5,040.6% during the 4th quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock worth $3,415,000 after acquiring an additional 31,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of WEC Energy Group by 24.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 10,606 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of WEC Energy Group by 195.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after purchasing an additional 318,846 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of WEC Energy Group by 34.6% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 35,000 shares of the utilities provider’s stock valued at $3,691,000 after purchasing an additional 9,000 shares in the last quarter. Finally, North Dakota State Investment Board bought a new position in shares of WEC Energy Group during the fourth quarter valued at about $1,155,000. 77.20% of the stock is owned by institutional investors.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on WEC shares. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research report on Tuesday, August 4th. Mizuho set a $124.00 target price on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial decreased their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, KeyCorp dropped their price target on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Performance

NYSE WEC opened at $110.53 on Friday. The company has a market capitalization of $36.02 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. 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 $113.24 and a 200 day simple moving average of $113.75.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating 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 analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly 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. On average, research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 73.84%.

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.