Oppenheimer & Co. Inc. Purchases 481 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Oppenheimer & Co. Inc. increased its position in WEC Energy Group, Inc. (NYSE:WECFree Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,684 shares of the utilities provider’s stock after purchasing an additional 481 shares during the period. Oppenheimer & Co. Inc.’s holdings in WEC Energy Group were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of WEC Energy Group in the 4th quarter worth about $983,000. Dearborn Partners LLC increased its stake in shares of WEC Energy Group by 29.2% during the fourth quarter. Dearborn Partners LLC now owns 582,421 shares of the utilities provider’s stock valued at $49,022,000 after purchasing 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% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,255 shares of the utilities provider’s stock valued at $27,391,000 after purchasing an additional 19,867 shares during the last quarter. Vaughan David Investments LLC IL boosted its position in shares of WEC Energy Group by 3.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 428,408 shares of the utilities provider’s stock worth $36,059,000 after purchasing an additional 14,084 shares in the last quarter. Finally, Alley Investment Management Company LLC grew its stake in shares of WEC Energy Group by 324.5% in the 4th 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 during the last quarter. Institutional investors own 77.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. BMO Capital Markets raised their price target on shares of WEC Energy Group from $89.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group assumed coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price objective for the company. Scotiabank reduced their target price on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Finally, StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WEC Energy Group has an average rating of “Hold” and an average price target of $85.92.

Get Our Latest Stock Report on WEC Energy Group

WEC Energy Group Stock Down 0.5 %

WEC stock opened at $79.44 on Tuesday. The business’s 50-day moving average is $81.87 and its two-hundred day moving average is $81.56. The company has a market cap of $25.09 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.07 and a beta of 0.42. WEC Energy Group, Inc. has a fifty-two week low of $75.13 and a fifty-two week high of $93.37. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.42 and a current ratio of 0.55.

WEC Energy Group (NYSE:WECGet Free Report) last issued its quarterly earnings data 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 analysts’ expectations of $2.92 billion. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 EPS. As a group, analysts forecast that WEC Energy Group, Inc. will post 4.87 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Monday, May 13th. WEC Energy Group’s payout ratio is 72.93%.

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.

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

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