Associated Banc Corp Has $2.50 Million Position in WEC Energy Group, Inc. $WEC

Associated Banc Corp increased its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,986 shares of the utilities provider’s stock after purchasing an additional 1,557 shares during the period. Associated Banc Corp’s holdings in WEC Energy Group were worth $2,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEC. Truvestments Capital LLC bought a new stake in shares of WEC Energy Group in the 1st quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new stake in WEC Energy Group in the 1st quarter valued at $26,000. Bayforest Capital Ltd bought a new stake in WEC Energy Group in the second quarter valued at $26,000. New England Capital Financial Advisors LLC raised its stake in WEC Energy Group by 265.8% during the second quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Finally, NewSquare Capital LLC lifted its holdings in shares of WEC Energy Group by 60.5% during the second quarter. NewSquare Capital LLC now owns 305 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 115 shares during the period. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEC. Royal Bank Of Canada set a $131.00 target price on shares of WEC Energy Group in a report on Monday, October 27th. TD Cowen started coverage on shares of WEC Energy Group in a research note on Thursday, October 16th. They set a “hold” rating and a $125.00 price objective on the stock. UBS Group raised their price objective on shares of WEC Energy Group from $117.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, KeyCorp increased their price target on WEC Energy Group from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.21.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $111.24 on Wednesday. The business’s 50-day simple moving average is $113.16 and its 200 day simple moving average is $109.03. 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 stock has a market cap of $36.18 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.81 and a beta of 0.48. WEC Energy Group, Inc. has a 12-month low of $91.94 and a 12-month high of $118.18.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share for the quarter. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The firm had revenue of $2.28 billion during the quarter. As a group, research analysts anticipate that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

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.