MGO One Seven LLC Purchases 4,105 Shares of WEC Energy Group, Inc. (NYSE:WEC)

MGO One Seven LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 35.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,565 shares of the utilities provider's stock after acquiring an additional 4,105 shares during the quarter. MGO One Seven LLC's holdings in WEC Energy Group were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Annex Advisory Services LLC grew its stake in WEC Energy Group by 6.5% during the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider's stock worth $10,405,000 after buying an additional 6,785 shares during the last quarter. Matrix Trust Co bought a new position in shares of WEC Energy Group in the fourth quarter worth $1,538,000. Gateway Investment Advisers LLC grew its stake in shares of WEC Energy Group by 20.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider's stock worth $42,689,000 after purchasing an additional 78,580 shares in the last quarter. PFW Advisors LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth $1,073,000. Finally, Walkner Condon Financial Advisors LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth $271,000. 77.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Barclays upped their price objective on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a report on Tuesday. StockNews.com upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. Finally, BMO Capital Markets upped their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has an average rating of "Hold" and an average target price of $105.38.

Insider Activity

In related news, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $104.17, for a total transaction of $119,795.50. Following the sale, the director now owns 21,951 shares of the company's stock, valued at $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

WEC Energy Group Stock Up 0.6 %

WEC stock traded up $0.70 during trading hours on Tuesday, hitting $109.24. The company's stock had a trading volume of 1,256,179 shares, compared to its average volume of 2,143,028. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $106.49 and a two-hundred day moving average price of $100.82. The company has a market capitalization of $34.86 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $0.8975 dividend. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a dividend yield of 3.29%. WEC Energy Group's dividend payout ratio is currently 73.91%.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.