Level Four Advisory Services LLC acquired a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,202 shares of the utilities provider’s stock, valued at approximately $398,000.
Other hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. purchased a new stake in WEC Energy Group in the 1st quarter valued at $27,000. First Manhattan Co. boosted its holdings in WEC Energy Group by 102.0% in the 4th quarter. First Manhattan Co. now owns 303 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of WEC Energy Group by 118.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 404 shares of the utilities provider’s stock worth $38,000 after buying an additional 219 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of WEC Energy Group during the 1st quarter valued at approximately $40,000. Finally, GW&K Investment Management LLC acquired a new position in WEC Energy Group in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on WEC. Mizuho reaffirmed a “buy” rating and issued a $98.00 price target on shares of WEC Energy Group in a research note on Friday, June 30th. 888 reaffirmed a “reiterates” rating on shares of WEC Energy Group in a research report on Friday, June 30th. KeyCorp lowered their price target on WEC Energy Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, July 19th. BMO Capital Markets cut their price objective on WEC Energy Group from $98.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. Finally, StockNews.com started coverage on shares of WEC Energy Group in a research note on Friday, August 18th. They issued a “sell” rating for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.83.
WEC Energy Group Trading Down 0.6 %
NYSE WEC opened at $86.26 on Monday. WEC Energy Group, Inc. has a one year low of $80.82 and a one year high of $102.49. The firm has a market cap of $27.21 billion, a PE ratio of 20.11, a P/E/G ratio of 3.27 and a beta of 0.41. The firm’s fifty day moving average is $87.18 and its two-hundred day moving average is $90.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.60.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. WEC Energy Group had a return on equity of 11.48% and a net margin of 14.57%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Analysts expect that WEC Energy Group, Inc. will post 4.61 earnings per share for the current year.
WEC Energy Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, August 11th. WEC Energy Group’s dividend payout ratio (DPR) is 72.73%.
About WEC Energy Group
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.
- Five stocks we like better than WEC Energy Group
- 3 Small Caps With Big Return Potential
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- Utilities Stocks Explained – How and Why to Invest in Utilities
- MarketBeat Week in Review – 9/11 – 9/15
- Upcoming IPO Stock Lockup Period, Explained
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
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.com's FREE daily email newsletter.