Banco Bilbao Vizcaya Argentaria S.A. Has $622,000 Stock Holdings in WEC Energy Group, Inc. $WEC

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,973 shares of the utilities provider’s stock after selling 856 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in WEC Energy Group were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in WEC Energy Group during the 1st quarter worth approximately $25,000. Nova Wealth Management Inc. acquired a new stake in shares of WEC Energy Group during the first quarter worth $26,000. Bayforest Capital Ltd acquired a new stake in shares of WEC Energy Group during the second quarter worth $26,000. NewSquare Capital LLC raised its stake in WEC Energy Group by 60.5% during the second quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock worth $32,000 after buying an additional 115 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in WEC Energy Group by 65.7% in the second quarter. ORG Partners LLC now owns 328 shares of the utilities provider’s stock valued at $34,000 after buying an additional 130 shares during the period. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $111.66 on Wednesday. WEC Energy Group, Inc. has a twelve month low of $91.94 and a twelve month high of $118.18. The stock’s 50 day moving average is $113.06 and its 200-day moving average is $108.95. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $36.32 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 3.15 and a beta of 0.48.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. The business had revenue of $2.28 billion during the quarter. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.8925 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.57 annualized dividend and a yield of 3.2%. WEC Energy Group’s dividend payout ratio (DPR) is presently 67.49%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho set a $125.00 price target on WEC Energy Group in a report on Monday, October 27th. TD Cowen started coverage on WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 target price for the company. Cowen initiated coverage on WEC Energy Group in a report on Wednesday, October 15th. They issued a “hold” rating for the company. Barclays raised their price objective on shares of WEC Energy Group from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, LADENBURG THALM/SH SH upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.21.

About WEC Energy Group

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.