Plus Group Wealth Advisors LLC Makes New $943,000 Investment in WEC Energy Group, Inc. $WEC

Plus Group Wealth Advisors LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,942 shares of the utilities provider’s stock, valued at approximately $943,000. WEC Energy Group comprises about 1.0% of Plus Group Wealth Advisors LLC’s holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC grew its stake in shares of WEC Energy Group by 25.4% in the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 89 shares during the last quarter. Inscription Capital LLC grew its stake in shares of WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. Matrix Trust Co grew its stake in shares of WEC Energy Group by 0.7% in the fourth quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after purchasing an additional 95 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of WEC Energy Group by 5.7% in the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insiders Place Their Bets

In other WEC Energy Group news, Director Gale E. Klappa sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total transaction of $582,750.00. Following the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $32,237,730. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This trade represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

WEC has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Truist Financial initiated coverage on shares of WEC Energy Group in a research note on Monday, April 20th. They issued a “hold” rating and a $124.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and a consensus target price of $122.44.

WEC Energy Group Stock Performance

Shares of WEC opened at $109.07 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $35.53 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50. The firm’s fifty day simple moving average is $115.01 and its two-hundred day simple moving average is $111.73. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s dividend payout ratio is 76.05%.

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.