2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC purchased a new position in shares of WEC Energy Group, Inc. ( NYSE:WEC – Free Report ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,352 shares of the utilities provider’s stock, valued at approximately $315,000.
A number of other institutional investors have also modified their holdings of WEC. Mariner LLC grew its holdings in WEC Energy Group by 4.6% during the fourth quarter.
Mariner LLC now owns 147,524 shares of the utilities provider’s stock worth $13,873,000 after acquiring an additional 6,547 shares during the period. Barclays PLC grew its stake in shares of WEC Energy Group by 40.9% during the 4th quarter.
Barclays PLC now owns 802,556 shares of the utilities provider’s stock worth $75,473,000 after purchasing an additional 232,894 shares during the period. SageView Advisory Group LLC increased its holdings in shares of WEC Energy Group by 2.5% during the 4th quarter.
SageView Advisory Group LLC now owns 5,524 shares of the utilities provider’s stock valued at $519,000 after purchasing an additional 134 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of WEC Energy Group by 1.
4% during the 4th quarter. Summit Investment Advisors Inc. now owns 20,285 shares of the utilities provider’s stock valued at $1,908,000 after purchasing an additional 284 shares in the last quarter.
Finally, Advisors Capital Management LLC lifted its stake in shares of WEC Energy Group by 2.8% in the 4th quarter. Advisors Capital Management LLC now owns 4,675 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 127 shares during the period.
Hedge funds and other institutional investors own 77.20% of the company’s stock. Analyst Ratings Changes A number of research analysts have weighed in on the stock.
Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd.
JPMorgan Chase & Co. raised WEC Energy Group from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $106.00 to $108.
00 in a report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on WEC Energy Group from $112.00 to $115.
00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. BMO Capital Markets upped their target price on WEC Energy Group from $95.00 to $100.
00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 16th.
Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $104.38.
WEC Energy Group Trading Up 0.8 % Shares of WEC opened at $108.22 on Monday.
WEC Energy Group, Inc. has a 52-week low of $77.47 and a 52-week high of $111.
00. The stock has a market cap of $34.53 billion, a PE ratio of 22.
41, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44.
The firm’s fifty day moving average is $105.86 and its two-hundred day moving average is $100.24.
The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.
37. WEC Energy Group ( NYSE:WEC – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.
43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06).
The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion.
WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%.
The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.
10 earnings per share. Research analysts forecast that WEC Energy Group, Inc. will post 5.
23 earnings per share for the current fiscal year. WEC Energy Group Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.
8975 per share. This represents a $3.59 annualized dividend and a dividend yield of 3.
32%. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.84.
WEC Energy Group’s payout ratio is currently 73.91%. Insider Activity In other WEC Energy Group news, Director Ulice Payne, Jr.
sold 1,150 shares of WEC Energy Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $104.17, for a total transaction of $119,795.
50. Following the transaction, the director now directly owns 21,951 shares of the company’s stock, valued at $2,286,635.67.
The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction that occurred on 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 directly owns 274,955 shares of the company’s stock, valued at approximately $29,865,612.
10. This trade represents a 8.33 % decrease in their position.
The disclosure for this sale can be found here . Corporate insiders own 0.50% of the company’s stock.
About WEC Energy Group ( Free Report ) 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. See Also Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.
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