KBC Group NV Increases Stock Position in WEC Energy Group, Inc. (NYSE:WEC)

KBC Group NV lifted its holdings in WEC Energy Group, Inc. (NYSE:WECFree Report) by 15.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,964 shares of the utilities provider’s stock after purchasing an additional 3,283 shares during the period. KBC Group NV’s holdings in WEC Energy Group were worth $2,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in WEC Energy Group during the fourth quarter valued at approximately $983,000. Dearborn Partners LLC lifted its holdings in shares of WEC Energy Group by 29.2% in the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock worth $49,022,000 after buying an additional 131,797 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of WEC Energy Group by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock worth $27,391,000 after buying an additional 19,867 shares in the last quarter. Vaughan David Investments LLC IL lifted its holdings in shares of WEC Energy Group by 3.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after buying an additional 14,084 shares in the last quarter. Finally, Alley Investment Management Company LLC lifted its holdings in shares of WEC Energy Group by 324.5% in the fourth quarter. Alley Investment Management Company LLC now owns 39,256 shares of the utilities provider’s stock worth $3,304,000 after buying an additional 30,009 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on WEC shares. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. BMO Capital Markets raised their target price on shares of WEC Energy Group from $89.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Scotiabank decreased their price target on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. KeyCorp lifted their price objective on shares of WEC Energy Group from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, The Goldman Sachs Group started coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.29.

Read Our Latest Stock Report on WEC Energy Group

WEC Energy Group Stock Down 0.6 %

Shares of NYSE WEC opened at $79.85 on Friday. WEC Energy Group, Inc. has a 1 year low of $75.13 and a 1 year high of $93.37. The firm has a 50-day simple moving average of $81.92 and a two-hundred day simple moving average of $81.57. The company has a market cap of $25.22 billion, a P/E ratio of 17.43, a PEG ratio of 2.08 and a beta of 0.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.42.

WEC Energy Group (NYSE:WECGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. Research analysts anticipate that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, May 13th. WEC Energy Group’s payout ratio is presently 72.93%.

WEC Energy Group Company Profile

(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

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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