651 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in WEC Energy Group, Inc. (NYSE:WECFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 651 shares of the utilities provider’s stock, valued at approximately $53,000.

Several other large investors also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of WEC Energy Group by 3.0% in the third quarter. Deutsche Bank AG now owns 5,495,925 shares of the utilities provider’s stock worth $442,697,000 after acquiring an additional 158,652 shares during the period. Northern Trust Corp grew its holdings in shares of WEC Energy Group by 2.9% in the fourth quarter. Northern Trust Corp now owns 4,071,148 shares of the utilities provider’s stock worth $342,669,000 after acquiring an additional 116,219 shares during the period. Morgan Stanley grew its holdings in shares of WEC Energy Group by 1.4% in the third quarter. Morgan Stanley now owns 3,354,181 shares of the utilities provider’s stock worth $270,179,000 after acquiring an additional 44,797 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of WEC Energy Group by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,777,770 shares of the utilities provider’s stock worth $149,635,000 after acquiring an additional 51,540 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of WEC Energy Group by 93.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,665,038 shares of the utilities provider’s stock worth $140,146,000 after acquiring an additional 803,718 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.3 %

Shares of WEC stock opened at $78.05 on Tuesday. WEC Energy Group, Inc. has a 12-month low of $75.13 and a 12-month high of $93.37. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average price is $80.88 and its 200-day moving average price is $80.82. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.41.

WEC Energy Group (NYSE:WECGet Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that WEC Energy Group, Inc. will post 4.87 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th were issued a $0.835 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.34 annualized dividend and a dividend yield of 4.28%. WEC Energy Group’s dividend payout ratio (DPR) is 72.93%.

Analyst Ratings Changes

Several research firms recently weighed in on WEC. StockNews.com upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. BMO Capital Markets lifted their target price on 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. KeyCorp lifted their target price on WEC Energy Group from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Scotiabank lowered their target price on WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group began coverage on WEC Energy Group in a research report on Wednesday, April 10th. They set a “neutral” rating and a $88.00 target price on the stock. Three 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.92.

View Our Latest Analysis on WEC

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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