WEC Energy Group, Inc. (NYSE:WEC) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its position in WEC Energy Group, Inc. (NYSE:WEC) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,947 shares of the utilities provider’s stock after acquiring an additional 157 shares during the quarter. CWA Asset Management Group LLC’s holdings in WEC Energy Group were worth $321,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WEC. Wellington Management Group LLP grew its holdings in WEC Energy Group by 134.2% during the 4th quarter. Wellington Management Group LLP now owns 11,047,753 shares of the utilities provider’s stock valued at $1,038,931,000 after purchasing an additional 6,329,574 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of WEC Energy Group during the fourth quarter valued at about $188,879,000. GAMMA Investing LLC grew its stake in shares of WEC Energy Group by 12,777.6% during the first quarter. GAMMA Investing LLC now owns 1,834,024 shares of the utilities provider’s stock valued at $199,872,000 after acquiring an additional 1,819,782 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of WEC Energy Group by 3,815.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,471,096 shares of the utilities provider’s stock valued at $138,342,000 after acquiring an additional 1,433,522 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd acquired a new stake in shares of WEC Energy Group during the fourth quarter valued at about $53,970,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling at WEC Energy Group

In related news, VP Joshua M. Erickson sold 2,155 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the transaction, the vice president now owns 2,686 shares in the company, valued at $289,470.22. The trade was a 44.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

WEC has been the subject of a number of recent analyst reports. Scotiabank set a $115.00 price objective on WEC Energy Group and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Barclays raised their price target on shares of WEC Energy Group from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised shares of WEC Energy Group from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $106.00 to $108.00 in a research report on Tuesday, April 8th. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company raised their price objective on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.13.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $104.05 on Friday. The company has a market cap of $33.20 billion, a PE ratio of 20.28, a P/E/G ratio of 2.86 and a beta of 0.45. The company has a fifty day moving average price of $106.74 and a two-hundred day moving average price of $102.97. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.40. WEC Energy Group, Inc. has a 12 month low of $77.47 and a 12 month high of $111.00.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.09. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were paid a $0.8975 dividend. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.84. This represents a $3.59 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Wednesday, May 14th. WEC Energy Group’s payout ratio is presently 69.59%.

WEC Energy Group Profile

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.