Diversify Advisory Services LLC Acquires Shares of 2,755 WEC Energy Group, Inc. (NYSE:WEC)

Diversify Advisory Services LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,755 shares of the utilities provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 1st quarter valued at about $25,000. Northwest Bank & Trust Co acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new position in WEC Energy Group in the 4th quarter worth approximately $26,000. Valued Wealth Advisors LLC acquired a new position in WEC Energy Group during the 4th quarter worth $28,000. Finally, First United Bank & Trust bought a new position in WEC Energy Group in the 4th quarter valued at $30,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their target price on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on WEC Energy Group from $89.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. The Goldman Sachs Group started coverage on shares of WEC Energy Group in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 target price on the stock. KeyCorp boosted their price target 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, StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Three equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.92.

Get Our Latest Research Report on WEC Energy Group

WEC Energy Group Stock Performance

WEC stock opened at $77.85 on Monday. WEC Energy Group, Inc. has a 1-year low of $75.13 and a 1-year high of $93.37. The business’s 50-day moving average price is $80.98 and its two-hundred day moving average price is $80.85. The firm has a market cap of $24.59 billion, a PE ratio of 17.00, a P/E/G ratio of 2.01 and a beta of 0.41. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 1.24.

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

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 14th were paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 4.29%. 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.

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

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