Mill Capital Management LLC Invests $563,000 in WEC Energy Group, Inc. $WEC

Mill Capital Management LLC purchased a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 4,824 shares of the utilities provider’s stock, valued at approximately $563,000.

A number of other institutional investors also recently modified their holdings of WEC. Pure Financial Advisors LLC boosted its holdings in WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after buying an additional 86 shares during the period. Inscription Capital LLC raised its holdings in WEC Energy Group by 4.7% during the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 91 shares during the period. Moors & Cabot Inc. raised its holdings in WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares during the period. State of Wyoming lifted its position in shares of WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas lifted its position in shares of WEC Energy Group by 5.1% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 96 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays raised their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. BMO Capital Markets dropped 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. JPMorgan Chase & Co. raised their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Truist Financial decreased their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group Stock Up 0.2%

Shares of NYSE:WEC opened at $110.53 on Friday. The firm has a fifty day moving average price of $113.24 and a two-hundred day moving average price of $113.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The company has a market cap of $36.02 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.91 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by 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.