IAG Wealth Partners LLC Raises Position in WEC Energy Group, Inc. $WEC

IAG Wealth Partners LLC raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 75.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,680 shares of the utilities provider’s stock after acquiring an additional 4,606 shares during the quarter. IAG Wealth Partners LLC’s holdings in WEC Energy Group were worth $1,224,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC boosted its position in shares of WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 89 shares in the last quarter. Blossom Wealth Management lifted its position in WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after buying an additional 90 shares during the period. MTM Investment Management LLC boosted its holdings in shares of WEC Energy Group by 3.6% during the 2nd quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $283,000 after buying an additional 95 shares in the last quarter. Ellenbecker Investment Group boosted its holdings in shares of WEC Energy Group by 0.5% during the 3rd quarter. Ellenbecker Investment Group now owns 20,117 shares of the utilities provider’s stock valued at $2,305,000 after buying an additional 95 shares in the last quarter. Finally, MBE Wealth Management LLC grew its position in shares of WEC Energy Group by 3.5% in the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock worth $320,000 after buying an additional 95 shares during the period. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WEC. KeyCorp reissued an “overweight” rating on shares of WEC Energy Group in a research report on Friday, January 16th. JPMorgan Chase & Co. raised their target price on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. Scotiabank boosted their price target on WEC Energy Group from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, UBS Group reduced their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.07.

Insiders Place Their Bets

In related news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $115.44, for a total value of $2,886,000.00. Following the completion of the sale, the director owned 276,600 shares of the company’s stock, valued at $31,930,704. The trade was a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

WEC Energy Group Trading Up 0.2%

Shares of NYSE WEC opened at $115.70 on Friday. The firm’s 50 day moving average price is $109.59 and its 200-day moving average price is $110.21. WEC Energy Group, Inc. has a 52-week low of $100.61 and a 52-week high of $118.18. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The company has a market cap of $37.66 billion, a PE ratio of 23.95, a P/E/G ratio of 2.77 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

About WEC Energy Group

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.